Cameco FY2025 EPS Increased by National Bank Financial

Cameco Co. (NYSE:CCJ) (TSE:CCO) – Research analysts at National Bank Financial boosted their FY2025 earnings per share estimates for shares of Cameco in a research note issued on Monday, June 9th. National Bank Financial analyst M. Sidibe now forecasts that the basic materials company will post earnings of $1.10 per share for the year, up from their previous estimate of $0.89. The consensus estimate for Cameco’s current full-year earnings is $1.27 per share.

CCJ has been the subject of several other reports. UBS Group reissued a “buy” rating on shares of Cameco in a report on Tuesday. Wall Street Zen upgraded shares of Cameco from a “sell” rating to a “hold” rating in a research note on Tuesday, May 13th. Sanford C. Bernstein set a $70.00 price target on Cameco and gave the stock an “outperform” rating in a report on Tuesday. Stifel Canada raised shares of Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Finally, Stifel Nicolaus assumed coverage on Cameco in a report on Wednesday, March 12th. They set a “buy” rating on the stock. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $75.63.

Cameco Stock Down 0.3%

Shares of NYSE CCJ opened at $66.14 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. Cameco has a 1 year low of $35.00 and a 1 year high of $68.12. The stock’s 50-day simple moving average is $50.11 and its 200-day simple moving average is $49.51. The firm has a market cap of $28.79 billion, a price-to-earnings ratio of 236.21 and a beta of 0.97.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). The firm had revenue of $549.58 million for the quarter, compared to analysts’ expectations of $890.07 million. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The company’s revenue for the quarter was up 24.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.13 EPS.

Institutional Investors Weigh In On Cameco

Several hedge funds have recently modified their holdings of CCJ. Country Club Bank raised its holdings in Cameco by 0.5% during the 1st quarter. Country Club Bank now owns 43,553 shares of the basic materials company’s stock worth $1,822,000 after buying an additional 224 shares during the period. Larson Financial Group LLC raised its holdings in shares of Cameco by 37.4% during the fourth quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 226 shares during the period. Two Sigma Investments LP lifted its position in shares of Cameco by 0.5% in the 4th quarter. Two Sigma Investments LP now owns 50,438 shares of the basic materials company’s stock valued at $2,592,000 after acquiring an additional 238 shares in the last quarter. Heritage Wealth Management Inc. boosted its stake in Cameco by 0.8% in the 4th quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company’s stock worth $1,587,000 after purchasing an additional 250 shares during the period. Finally, Sunpointe LLC grew its position in Cameco by 1.8% during the 1st quarter. Sunpointe LLC now owns 16,281 shares of the basic materials company’s stock worth $670,000 after purchasing an additional 288 shares in the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

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.