What is Scotiabank's Forecast for Cameco FY2025 Earnings?

Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO - Stock analysts at Scotiabank raised their FY2025 earnings per share (EPS) estimates for Cameco in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now anticipates that the basic materials company will post earnings of $0.82 per share for the year, up from their prior estimate of $0.68. The consensus estimate for Cameco's current full-year earnings is $0.51 per share.

Separately, Janney Montgomery Scott upgraded shares of Cameco to a "strong-buy" rating in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, five have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $66.56.

Cameco Trading Down 4.2 %

CCJ traded down $2.18 during trading hours on Friday, reaching $49.20. 3,643,245 shares of the company's stock traded hands, compared to its average volume of 4,022,140. Cameco has a 52-week low of $35.43 and a 52-week high of $62.55. The firm has a market capitalization of $21.41 billion, a PE ratio of 258.96 and a beta of 0.95. The firm has a 50-day moving average price of $54.82 and a 200 day moving average price of $49.28. 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 (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings results on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.40). The company had revenue of $721.00 million for the quarter, compared to analysts' expectations of $646.83 million. Cameco had a net margin of 4.15% and a return on equity of 3.33%. The business's quarterly revenue was up 25.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.24 EPS.

Institutional Trading of Cameco

A number of institutional investors have recently made changes to their positions in CCJ. Glenmede Trust Co. NA lifted its stake in Cameco by 2.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 9,149 shares of the basic materials company's stock valued at $437,000 after acquiring an additional 191 shares during the period. S.A. Mason LLC lifted its holdings in Cameco by 6.0% during the third quarter. S.A. Mason LLC now owns 3,655 shares of the basic materials company's stock valued at $175,000 after purchasing an additional 206 shares in the last quarter. Silvia Mccoll Wealth Management LLC grew its position in shares of Cameco by 3.9% in the third quarter. Silvia Mccoll Wealth Management LLC now owns 5,610 shares of the basic materials company's stock valued at $268,000 after purchasing an additional 210 shares during the period. EdgeRock Capital LLC increased its stake in shares of Cameco by 1.7% during the third quarter. EdgeRock Capital LLC now owns 13,689 shares of the basic materials company's stock worth $654,000 after purchasing an additional 224 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Cameco by 71.5% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company's stock worth $27,000 after purchasing an additional 238 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company's stock.

Cameco Increases Dividend

The company also recently announced an annual dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were issued a $0.118 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This is an increase from Cameco's previous annual dividend of $0.09. This represents a yield of 0.22%. Cameco's payout ratio is currently 57.89%.

Cameco Company Profile

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.