National Bank Financial Forecasts Cameco FY2025 Earnings

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

CCO has been the subject of several other reports. Sanford C. Bernstein raised shares of Cameco to a "strong-buy" rating in a report on Tuesday, April 1st. Bank of America raised their price objective on shares of Cameco from C$93.00 to C$106.00 in a report on Tuesday. Scotiabank raised their price objective on shares of Cameco from C$88.00 to C$93.00 and gave the stock an "outperform" rating in a report on Monday, June 9th. TD Securities raised their price objective 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. Finally, National Bankshares increased their target price on shares of Cameco from C$81.00 to C$95.00 in a research note on Monday, June 9th. Eight research analysts have rated the stock with a buy rating and five have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of C$92.92.

Cameco Stock Performance

CCO traded up C$0.54 on Thursday, hitting C$90.53. The company's stock had a trading volume of 1,133,241 shares, compared to its average volume of 1,220,552. The company's 50 day simple moving average is C$70.19 and its 200-day simple moving average is C$70.11. The firm has a market cap of C$39.85 billion, a P/E ratio of 342.05, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. Cameco has a 12 month low of C$48.71 and a 12 month high of C$93.22. The company has a quick ratio of 3.74, a current ratio of 2.88 and a debt-to-equity ratio of 20.35.

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.