FY2025 EPS Estimates for Cameco Increased by Analyst

Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO - Stock analysts at National Bank Financial increased their FY2025 earnings per share estimates for shares of Cameco in a report issued on Monday, June 9th. National Bank Financial analyst M. Sidibe now anticipates that the basic materials company will post earnings per share of $1.10 for the year, up from their prior estimate of $0.89. The consensus estimate for Cameco's current full-year earnings is $1.27 per share.

Other equities research analysts have also issued reports about the company. UBS Group reaffirmed a "buy" rating on shares of Cameco in a research report on Tuesday. Scotiabank reaffirmed an "outperform" rating on shares of Cameco in a research report on Wednesday, May 14th. Glj Research reissued a "buy" rating and issued a $75.27 price target on shares of Cameco in a research report on Thursday. Desjardins initiated coverage on Cameco in a research report on Friday, April 4th. They issued a "buy" rating for the company. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $90.00 price target on shares of Cameco in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $75.63.

Cameco Stock Down 0.3%

NYSE CCJ traded down $0.19 on Thursday, reaching $66.14. 4,435,148 shares of the stock traded hands, compared to its average volume of 4,343,445. 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 company has a fifty day moving average price of $49.54 and a 200-day moving average price of $49.45. The company has a market cap of $28.79 billion, a price-to-earnings ratio of 236.21 and a beta of 0.97. Cameco has a 12 month low of $35.00 and a 12 month high of $68.12.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07). The business had revenue of $549.58 million for the quarter, compared to the consensus estimate of $890.07 million. Cameco had a return on equity of 4.34% and a net margin of 5.39%. Cameco's revenue was up 24.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 earnings per share.

Institutional Trading of Cameco

A number of hedge funds have recently modified their holdings of CCJ. Vanguard Capital Wealth Advisors acquired a new position in Cameco in the 4th quarter worth about $839,000. Sprott Inc. grew its position in shares of Cameco by 44.5% in the fourth quarter. Sprott Inc. now owns 111,896 shares of the basic materials company's stock valued at $5,750,000 after purchasing an additional 34,483 shares in the last quarter. Aigen Investment Management LP purchased a new stake in shares of Cameco in the fourth quarter valued at approximately $930,000. Plato Investment Management Ltd purchased a new position in Cameco in the fourth quarter worth approximately $360,000. Finally, Tidal Investments LLC grew its position in Cameco by 44.7% in the fourth quarter. Tidal Investments LLC now owns 36,736 shares of the basic materials company's stock worth $1,888,000 after acquiring an additional 11,340 shares during the period. 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.