Desjardins Comments on Cameco's FY2025 Earnings (TSE:CCO)

Cameco Co. (TSE:CCO - Free Report) NYSE: CCJ - Equities researchers at Desjardins raised their FY2025 earnings per share estimates for shares of Cameco in a research report issued on Monday, June 16th. Desjardins analyst B. Adams now forecasts that the company will post earnings of $1.25 per share for the year, up from their prior estimate of $1.10. Desjardins currently has a "Buy" rating and a $105.00 price target on the stock.

CCO has been the topic of a number of other reports. Canaccord Genuity Group boosted their price target on Cameco from C$83.50 to C$92.00 and gave the stock a "buy" rating in a report on Monday, June 9th. Sanford C. Bernstein raised shares of Cameco to a "strong-buy" rating in a report on Tuesday, April 1st. TD Securities boosted their target price on shares of Cameco from C$77.00 to C$100.00 and gave the stock a "buy" rating in a report on Monday, June 9th. Scotiabank upped their target price on shares of Cameco from C$93.00 to C$95.00 in a research report on Monday. Finally, Royal Bank Of Canada raised their target price on shares of Cameco from C$90.00 to C$100.00 and gave the company an "outperform" rating in a research note on Friday. Ten equities research analysts have rated the stock with a buy rating and five have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of C$95.64.

Cameco Price Performance

Shares of TSE CCO traded down C$0.48 during mid-day trading on Tuesday, reaching C$93.85. The company's stock had a trading volume of 2,082,048 shares, compared to its average volume of 1,222,841. The company has a debt-to-equity ratio of 20.35, a current ratio of 2.88 and a quick ratio of 3.74. Cameco has a 52 week low of C$48.71 and a 52 week high of C$96.64. The stock has a fifty day moving average of C$73.37 and a two-hundred day moving average of C$70.44. The firm has a market capitalization of C$41.31 billion, a PE ratio of 354.60, a P/E/G ratio of 2.22 and a beta of 0.90.

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.