Desjardins Has Pessimistic View of Cameco FY2025 Earnings

Key Points

• Desjardins has reduced its FY2025 earnings per share (EPS) estimate for Cameco from $1.55 to $1.46, maintaining its "Buy" rating with a target price of $110.00.
• Several research firms have varied ratings on Cameco, with National Bankshares raising its target from C$110.00 to C$115.00 and President Capital upgrading to a "buy" with a C$126.92 target.
• Cameco, a major uranium producer, has been adjusting production due to prolonged market weakness, now sourcing from the spot market to fulfill contracts.

Cameco Co. (TSE:CCO - Free Report) NYSE: CCJ - Equities research analysts at Desjardins cut their FY2025 earnings per share (EPS) estimates for Cameco in a research report issued to clients and investors on Wednesday, October 1st. Desjardins analyst B. Adams now forecasts that the company will earn $1.46 per share for the year, down from their prior estimate of $1.55. Desjardins currently has a "Buy" rating and a $110.00 target price on the stock.

A number of other research firms have also commented on CCO. National Bankshares upped their price target on Cameco from C$110.00 to C$115.00 and gave the company an "outperform" rating in a research report on Friday, August 22nd. President Capital upgraded Cameco from a "neutral" rating to a "buy" rating and set a C$126.92 target price for the company in a report on Monday, September 22nd. CLSA raised Cameco to a "moderate buy" rating in a research note on Tuesday, September 9th. Stifel Nicolaus boosted their price objective on shares of Cameco from C$105.00 to C$115.00 in a research report on Tuesday, July 22nd. Finally, Scotiabank raised their target price on shares of Cameco from C$100.00 to C$110.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Three investment analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. According to data from MarketBeat, Cameco presently has an average rating of "Buy" and a consensus price target of C$113.46.

Cameco Price Performance

CCO stock opened at C$117.54 on Friday. The stock has a market capitalization of C$51.18 billion, a price-to-earnings ratio of 96.34, a PEG ratio of 2.22 and a beta of 1.13. The firm's 50-day moving average price is C$108.61 and its two-hundred day moving average price is C$88.39. 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.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.