National Bank Financial Forecasts Cameco FY2025 Earnings

Key Points

• National Bank Financial has revised its FY2025 earnings per share estimate for Cameco Corporation from $1.05 to $1.02, while the consensus estimate remains higher at $1.27.
• Several analysts have mixed ratings on Cameco, with Royal Bank of Canada upgrading its price target to $110 and Wall Street Zen downgrading it to a "hold" rating.
• Cameco's stock has shown strong performance with a 46.7% year-over-year revenue increase, reporting $0.51 EPS last quarter, surpassing consensus expectations of $0.29 EPS.

Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO - Equities researchers at National Bank Financial decreased their FY2025 earnings per share estimates for shares of Cameco in a report released on Tuesday, September 23rd. National Bank Financial analyst M. Sidibe now forecasts that the basic materials company will post earnings of $1.02 per share for the year, down from their previous forecast of $1.05. The consensus estimate for Cameco's current full-year earnings is $1.27 per share.

A number of other equities analysts have also weighed in on CCJ. Royal Bank Of Canada boosted their price objective on shares of Cameco from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Wall Street Zen cut Cameco from a "buy" rating to a "hold" rating in a research note on Monday, September 15th. Scotiabank reaffirmed an "outperform" rating on shares of Cameco in a report on Tuesday, July 8th. Raymond James Financial reaffirmed an "outperform" rating on shares of Cameco in a research report on Tuesday, September 2nd. Finally, The Goldman Sachs Group boosted their target price on Cameco from $65.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday, June 11th. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $89.55.

Cameco Trading Up 3.1%

NYSE:CCJ opened at $85.64 on Friday. The stock has a market cap of $37.29 billion, a price-to-earnings ratio of 98.43 and a beta of 1.04. The company has a quick ratio of 2.00, a current ratio of 2.96 and a debt-to-equity ratio of 0.15. The company's 50 day moving average price is $78.04 and its 200-day moving average price is $62.49. Cameco has a 52 week low of $35.00 and a 52 week high of $89.13.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.29 by $0.22. The company had revenue of $467.72 million for the quarter, compared to the consensus estimate of $819.79 million. Cameco had a net margin of 14.97% and a return on equity of 8.21%. Cameco's revenue for the quarter was up 46.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.14 EPS. Cameco has set its FY 2025 guidance at EPS.

Institutional Investors Weigh In On Cameco

A number of institutional investors have recently added to or reduced their stakes in the stock. Bison Wealth LLC boosted its position in shares of Cameco by 16.1% during the fourth quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company's stock worth $1,102,000 after acquiring an additional 2,975 shares during the last quarter. Two Sigma Investments LP lifted its stake in Cameco by 0.5% in the 4th quarter. Two Sigma Investments LP now owns 50,438 shares of the basic materials company's stock worth $2,592,000 after purchasing an additional 238 shares in the last quarter. Ameriflex Group Inc. bought a new position in shares of Cameco during the 4th quarter valued at about $40,000. Copia Wealth Management purchased a new position in shares of Cameco during the fourth quarter valued at about $39,000. Finally, Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of Cameco in the fourth quarter worth about $4,839,000. 70.21% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.