National Bank Financial Predicts Lower Earnings for Cameco

Key Points

• National Bank Financial has revised its FY2026 earnings per share estimate for Cameco to $0.98, slightly down from $0.99, while the consensus estimate stands at $1.27.
• Despite the lowered earnings expectations, multiple analysts have issued positive ratings for Cameco, with the company holding a consensus rating of "Buy" and an average target price of $83.32.
• Cameco recently reported a quarterly earnings per share of $0.51, exceeding analysts' expectations, with revenues rising by 46.7% year-over-year.

Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO - Research analysts at National Bank Financial decreased their FY2026 earnings per share estimates for Cameco in a research report issued on Thursday, August 21st. National Bank Financial analyst M. Sidibe now anticipates that the basic materials company will earn $0.98 per share for the year, down from their prior estimate of $0.99. The consensus estimate for Cameco's current full-year earnings is $1.27 per share. National Bank Financial also issued estimates for Cameco's FY2027 earnings at $1.75 EPS.

CCJ has been the topic of several other research reports. Wall Street Zen raised Cameco from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. BMO Capital Markets reissued an "outperform" rating on shares of Cameco in a report on Tuesday, August 5th. Glj Research reissued a "buy" rating and issued a $75.27 target price on shares of Cameco in a report on Thursday, June 12th. Royal Bank Of Canada increased their target price on Cameco from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Finally, Raymond James Financial reissued an "outperform" rating on shares of Cameco in a report on Wednesday, June 18th. Three analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. According to data from MarketBeat, Cameco has a consensus rating of "Buy" and an average target price of $83.32.

Cameco Stock Up 4.8%

Cameco stock opened at $74.8320 on Monday. Cameco has a twelve month low of $35.00 and a twelve month high of $80.32. The stock's fifty day simple moving average is $74.49 and its 200-day simple moving average is $56.94. The company has a current ratio of 2.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $32.58 billion, a P/E ratio of 86.01 and a beta of 1.06.

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

Hedge Funds Weigh In On Cameco

Several hedge funds have recently made changes to their positions in the company. Thompson Davis & CO. Inc. purchased a new position in shares of Cameco during the second quarter worth about $228,000. Coppell Advisory Solutions LLC purchased a new position in shares of Cameco during the second quarter worth about $296,000. Tyler Stone Wealth Management purchased a new position in shares of Cameco during the second quarter worth about $279,000. Westwood Holdings Group Inc. purchased a new position in shares of Cameco during the second quarter worth about $500,000. Finally, Caxton Associates LLP grew its holdings in shares of Cameco by 4,567.7% during the second quarter. Caxton Associates LLP now owns 581,226 shares of the basic materials company's stock worth $43,144,000 after purchasing an additional 568,774 shares during the last quarter. Hedge funds and other institutional investors own 70.21% of the company's stock.

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.

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