Brokers Set Expectations for Cameco Q1 Earnings

Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO - Stock analysts at National Bank Financial issued their Q1 2025 EPS estimates for shares of Cameco in a research note issued to investors on Sunday, April 27th. National Bank Financial analyst M. Sidibe forecasts that the basic materials company will post earnings per share of $0.12 for the quarter. The consensus estimate for Cameco's current full-year earnings is $1.27 per share. National Bank Financial also issued estimates for Cameco's FY2025 earnings at $0.84 EPS.

CCJ has been the subject of a number of other research reports. Royal Bank of Canada restated an "outperform" rating and issued a $90.00 price target on shares of Cameco in a research report on Tuesday, March 4th. Glj Research raised their target price on shares of Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research note on Wednesday, March 12th. Desjardins began coverage on shares of Cameco in a research note on Friday, April 4th. They issued a "buy" rating for the company. Stifel Nicolaus initiated coverage on shares of Cameco in a research report on Wednesday, March 12th. They set a "buy" rating on the stock. Finally, StockNews.com upgraded Cameco from a "sell" rating to a "hold" rating in a research note on Tuesday, April 15th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, Cameco presently has an average rating of "Buy" and a consensus price target of $70.03.

Cameco Stock Performance

Shares of CCJ stock traded up $1.98 during mid-day trading on Tuesday, reaching $47.49. 2,523,397 shares of the company's stock traded hands, compared to its average volume of 4,055,913. 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 firm has a market capitalization of $20.67 billion, a PE ratio of 169.68 and a beta of 1.04. Cameco has a 12 month low of $35.00 and a 12 month high of $62.55. The firm has a 50 day moving average price of $42.08 and a two-hundred day moving average price of $49.28.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.26. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The company had revenue of $845.54 million for the quarter, compared to the consensus estimate of $1.09 billion.

Institutional Investors Weigh In On Cameco

Several large investors have recently made changes to their positions in CCJ. Norges Bank bought a new stake in Cameco in the 4th quarter worth approximately $188,595,000. FMR LLC raised its stake in Cameco by 8.7% during the fourth quarter. FMR LLC now owns 22,639,647 shares of the basic materials company's stock valued at $1,163,942,000 after purchasing an additional 1,811,876 shares in the last quarter. Driehaus Capital Management LLC lifted its position in Cameco by 120.2% during the fourth quarter. Driehaus Capital Management LLC now owns 2,245,539 shares of the basic materials company's stock valued at $115,398,000 after purchasing an additional 1,225,966 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of Cameco by 13.5% in the 4th quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company's stock worth $518,443,000 after buying an additional 1,196,336 shares during the last quarter. Finally, AGF Management Ltd. raised its position in shares of Cameco by 54.2% during the 4th quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company's stock valued at $174,433,000 after buying an additional 1,193,266 shares in the last quarter. 70.21% of the stock is owned by institutional investors.

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.