What is Scotiabank's Forecast for Cameco FY2025 Earnings?

Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO - Analysts at Scotiabank increased their FY2025 earnings per share estimates for Cameco in a research report issued to clients and investors on Sunday, April 13th. Scotiabank analyst O. Wowkodaw now expects that the basic materials company will post earnings per share of $0.87 for the year, up from their previous estimate of $0.86. The consensus estimate for Cameco's current full-year earnings is $1.27 per share. Scotiabank also issued estimates for Cameco's FY2026 earnings at $1.23 EPS.

A number of other brokerages have also recently weighed in on CCJ. Stifel Nicolaus initiated coverage on Cameco in a research report on Wednesday, March 12th. They set a "buy" rating on the stock. Stifel Canada raised Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. Desjardins started coverage on shares of Cameco in a report on Friday, April 4th. They set a "buy" rating for the company. Sanford C. Bernstein began coverage on shares of Cameco in a report on Tuesday, April 1st. They issued an "outperform" rating and a $52.00 price objective on the stock. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $90.00 price objective on shares of Cameco in a research report on Tuesday, March 4th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Cameco has a consensus rating of "Buy" and a consensus price target of $70.03.

Cameco Stock Down 0.4 %

Shares of CCJ traded down $0.16 during mid-day trading on Wednesday, reaching $41.12. 2,257,352 shares of the stock traded hands, compared to its average volume of 4,096,064. The firm has a market cap of $17.90 billion, a price-to-earnings ratio of 146.84 and a beta of 1.04. The stock has a fifty day simple moving average of $42.85 and a 200 day simple moving average of $49.80. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. Cameco has a 12-month low of $35.00 and a 12-month high of $62.55.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.26. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The firm had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion.

Institutional Trading of Cameco

Several institutional investors have recently modified their holdings of the company. Sierra Ocean LLC acquired a new stake in shares of Cameco in the fourth quarter worth $25,000. Hurley Capital LLC bought a new stake in shares of Cameco in the fourth quarter valued at about $27,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Cameco during the fourth quarter worth about $28,000. Whipplewood Advisors LLC acquired a new position in Cameco in the 4th quarter valued at approximately $33,000. Finally, Compass Planning Associates Inc acquired a new position in Cameco in the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 70.21% of the company's stock.

About Cameco

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.