Desjardins Comments on Cameco's FY2025 Earnings (NYSE:CCJ)

Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO - Analysts at Desjardins increased their FY2025 EPS estimates for shares of Cameco in a research note issued on Monday, June 16th. Desjardins analyst B. Adams now expects that the basic materials company will earn $0.91 per share for the year, up from their prior estimate of $0.79. Desjardins currently has a "Buy" rating on the stock. The consensus estimate for Cameco's current full-year earnings is $1.27 per share.

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

Other equities analysts have also recently issued reports about the stock. Glj Research reaffirmed a "buy" rating and set a $75.27 price target on shares of Cameco in a research note on Thursday, June 12th. Stifel Nicolaus began coverage on shares of Cameco in a research note on Wednesday, March 12th. They issued a "buy" rating for the company. Stifel Canada raised shares of Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. UBS Group reaffirmed a "buy" rating on shares of Cameco in a research report on Tuesday, June 10th. Finally, Wall Street Zen raised shares of Cameco from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $75.63.

Cameco Stock Performance

Shares of CCJ stock opened at $69.41 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The company has a market capitalization of $30.22 billion, a P/E ratio of 247.89 and a beta of 0.97. The company's 50 day moving average price is $51.37 and its two-hundred day moving average price is $49.52. Cameco has a 52 week low of $35.00 and a 52 week high of $71.31.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. FMR LLC grew its holdings in shares of Cameco by 8.7% during the fourth quarter. FMR LLC now owns 22,639,647 shares of the basic materials company's stock worth $1,163,942,000 after purchasing an additional 1,811,876 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Cameco by 1.8% during the first quarter. Vanguard Group Inc. now owns 17,084,358 shares of the basic materials company's stock worth $703,295,000 after purchasing an additional 300,088 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Cameco by 1.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,846,044 shares of the basic materials company's stock worth $865,729,000 after purchasing an additional 190,337 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Cameco by 39.3% during the first quarter. Alliancebernstein L.P. now owns 14,048,244 shares of the basic materials company's stock worth $578,226,000 after purchasing an additional 3,959,837 shares in the last quarter. Finally, AGF Management Ltd. grew its holdings in shares of Cameco by 19.0% during the first quarter. AGF Management Ltd. now owns 4,037,646 shares of the basic materials company's stock worth $166,206,000 after purchasing an additional 644,413 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company's stock.

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.

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