National Bank Financial Lifts Earnings Estimates for Cameco

Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO - Stock analysts at National Bank Financial boosted their FY2026 earnings per share (EPS) estimates for shares of Cameco in a note issued to investors on Monday, June 9th. National Bank Financial analyst M. Sidibe now forecasts that the basic materials company will earn $1.39 per share for the year, up from their previous forecast of $1.36. The consensus estimate for Cameco's current full-year earnings is $1.27 per share. National Bank Financial also issued estimates for Cameco's FY2027 earnings at $1.52 EPS.

CCJ has been the topic of several other research reports. Royal Bank of Canada reissued an "outperform" rating and set a $90.00 target price on shares of Cameco in a research note on Tuesday, March 4th. Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. Scotiabank reiterated an "outperform" rating on shares of Cameco in a report on Wednesday, May 14th. Sanford C. Bernstein set a $70.00 price target on shares of Cameco and gave the stock an "outperform" rating in a research note on Tuesday. Finally, Wall Street Zen raised Cameco from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. 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. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $75.63.

Cameco Trading Down 0.3%

NYSE:CCJ traded down $0.19 during trading hours on Wednesday, reaching $66.14. 4,435,148 shares of the stock were exchanged, compared to its average volume of 4,343,445. Cameco has a twelve month low of $35.00 and a twelve month high of $68.12. The business has a 50-day moving average of $50.11 and a two-hundred day moving average of $49.51. The company has a market capitalization of $28.79 billion, a price-to-earnings ratio of 236.21 and a beta of 0.97. 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, 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 company had revenue of $549.58 million during 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%. Cameco's revenue was up 24.4% on a year-over-year basis. During the same period last year, the firm posted $0.13 earnings per share.

Hedge Funds Weigh In On Cameco

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CCJ. Choreo LLC boosted its holdings in shares of Cameco by 4.0% in the 4th quarter. Choreo LLC now owns 9,310 shares of the basic materials company's stock valued at $478,000 after buying an additional 357 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in Cameco in the fourth quarter valued at $2,358,000. Empowered Funds LLC boosted its stake in Cameco by 166.4% in the fourth quarter. Empowered Funds LLC now owns 42,813 shares of the basic materials company's stock valued at $2,200,000 after acquiring an additional 26,742 shares in the last quarter. Savant Capital LLC grew its holdings in shares of Cameco by 3.8% during the fourth quarter. Savant Capital LLC now owns 14,334 shares of the basic materials company's stock worth $737,000 after purchasing an additional 526 shares during the last quarter. Finally, Leavell Investment Management Inc. increased its position in shares of Cameco by 0.9% during the fourth quarter. Leavell Investment Management Inc. now owns 54,150 shares of the basic materials company's stock worth $2,783,000 after purchasing an additional 500 shares in the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

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.