Cameco FY2025 EPS Decreased by National Bank Financial

Key Points

• National Bank Financial has revised Cameco's FY2025 earnings estimate down to $1.42 per share, from a previous estimate of $1.44.
• Despite the earnings downgrade, several analysts have raised their target prices for Cameco, with a consensus target price currently at C$113.46 and a majority rating it as a "Buy".
• Cameco's stock increased 3.5% recently, reflecting investor interest amidst varying financial outlooks and analyst recommendations.

Cameco Co. (TSE:CCO - Free Report) NYSE: CCJ - Research analysts at National Bank Financial lowered their FY2025 earnings estimates for Cameco in a report released on Tuesday, September 23rd. National Bank Financial analyst M. Sidibe now forecasts that the company will earn $1.42 per share for the year, down from their prior estimate of $1.44.

Several other equities analysts also recently weighed in on the company. Stifel Nicolaus raised their target price on Cameco from C$105.00 to C$115.00 in a research report on Tuesday, July 22nd. Canaccord Genuity Group lifted their price objective on Cameco from C$92.00 to C$115.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. National Bankshares lifted their price objective on Cameco from C$110.00 to C$115.00 and gave the stock an "outperform" rating in a research report on Friday, August 22nd. Berenberg Bank lifted their price objective on Cameco from C$75.00 to C$96.00 in a research report on Tuesday, June 10th. Finally, Raymond James Financial lifted their price objective on Cameco from C$115.00 to C$120.00 in a research report on Thursday, August 21st. Three research analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. Based on data from MarketBeat, Cameco presently has a consensus rating of "Buy" and a consensus target price of C$113.46.

Cameco Stock Up 3.5%

Shares of CCO opened at C$119.44 on Friday. The company has a current ratio of 2.88, a quick ratio of 3.74 and a debt-to-equity ratio of 20.35. Cameco has a 12 month low of C$49.75 and a 12 month high of C$123.50. The stock's 50 day moving average is C$107.59 and its two-hundred day moving average is C$86.44. The firm has a market cap of C$52.00 billion, a P/E ratio of 97.90, a PEG ratio of 2.22 and a beta of 1.13.

Cameco Company Profile

Cameco is one of the world's largest uranium producers. When operating at normal production, the flagship McArthur River mine in Saskatchewan accounts for roughly 50% of output in normal market conditions. Amid years of uranium price weakness, the company has reduced production, instead purchasing from the spot market to meet contracted deliveries.

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