National Bank Financial Cuts Earnings Estimates for Cameco

Key Points

• National Bank Financial has lowered its FY2025 EPS estimate for Cameco to $1.41, down from a previous forecast of $1.50.
• Despite the earnings cut, several financial analysts have raised their price targets for Cameco, with Raymond James increasing it to C$102.00 and Royal Bank of Canada to C$100.00, both giving the stock an "outperform" rating.
• Cameco's stock currently has a consensus rating of "Buy" and a price target of C$98.77, with nine analysts recommending buying the stock.

Cameco Co. (TSE:CCO - Free Report) NYSE: CCJ - Equities research analysts at National Bank Financial lowered their FY2025 EPS estimates for Cameco in a report released on Wednesday, July 23rd. National Bank Financial analyst M. Sidibe now anticipates that the company will earn $1.41 per share for the year, down from their previous forecast of $1.50. National Bank Financial also issued estimates for Cameco's FY2026 earnings at $1.38 EPS.

CCO has been the topic of several other reports. Raymond James Financial increased their price target on shares of Cameco from C$96.00 to C$102.00 and gave the company an "outperform" rating in a research note on Tuesday, June 17th. Royal Bank Of Canada increased their price target 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, June 20th. Canaccord Genuity Group increased their price target on shares of Cameco from C$83.50 to C$92.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Desjardins increased their price objective on Cameco from C$85.00 to C$105.00 and gave the company a "buy" rating in a report on Tuesday, June 17th. Finally, Bank of America increased their price objective on Cameco from C$93.00 to C$106.00 in a report on Tuesday, June 10th. Nine analysts have rated the stock with a buy rating and five have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of C$98.77.

Cameco Stock Performance

Shares of Cameco stock opened at C$109.10 on Monday. The firm has a market capitalization of C$48.02 billion, a P/E ratio of 412.21, a P/E/G ratio of 2.22 and a beta of 0.90. Cameco has a 52 week low of C$48.71 and a 52 week high of C$109.84. The company has a quick ratio of 3.74, a current ratio of 2.88 and a debt-to-equity ratio of 20.35. The firm's 50 day moving average is C$93.32 and its two-hundred day moving average is C$74.74.

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.

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