National Bank Financial Expects Stronger Earnings for Cameco

Cameco Co. (TSE:CCO - Free Report) NYSE: CCJ - National Bank Financial lifted their FY2025 earnings per share estimates for Cameco in a note issued to investors on Monday, June 9th. National Bank Financial analyst M. Sidibe now anticipates that the company will post earnings per share of $1.50 for the year, up from their prior estimate of $1.23.

CCO has been the topic of several other research reports. BMO Capital Markets lifted their price objective on Cameco from C$85.00 to C$95.00 and gave the company an "outperform" rating in a report on Monday, June 9th. Berenberg Bank lifted their price objective on Cameco from C$75.00 to C$96.00 in a report on Tuesday, June 10th. Raymond James lifted their price objective on Cameco from C$83.00 to C$88.00 and gave the company an "outperform" rating in a report on Monday, June 9th. TD Securities lifted their price objective on Cameco from C$77.00 to C$100.00 and gave the company a "buy" rating in a report on Monday, June 9th. Finally, Canaccord Genuity Group lifted their price objective on Cameco from C$83.50 to C$92.00 and gave the company a "buy" rating in a report on Monday, June 9th. Eight equities research analysts have rated the stock with a buy rating and five have issued a strong buy rating to the company's stock. According to data from MarketBeat, Cameco currently has a consensus rating of "Buy" and an average price target of C$92.92.

Cameco Stock Up 0.6%

Shares of TSE:CCO traded up C$0.54 during trading on Thursday, hitting C$90.53. 1,133,241 shares of the company's stock traded hands, compared to its average volume of 1,220,552. Cameco has a 52 week low of C$48.71 and a 52 week high of C$93.22. The company has a current ratio of 2.88, a quick ratio of 3.74 and a debt-to-equity ratio of 20.35. The company has a market cap of C$39.85 billion, a price-to-earnings ratio of 342.05, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The company has a 50-day moving average price of C$70.19 and a 200-day moving average price of C$70.03.

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.