Raymond James Financial Cuts Earnings Estimates for Cameco

Key Points

• Raymond James Financial has revised down its Q3 2025 earnings per share estimate for Cameco Corporation to $0.24 from $0.26, while maintaining an "Outperform" rating on the stock.
• Cameco recently reported a quarterly earnings per share of $0.51, significantly exceeding analyst expectations of $0.29, although its revenue fell short of estimates at $467.72 million compared to $819.79 million.
• Despite the earnings estimate cuts, multiple research firms, including Goldman Sachs and UBS, have issued "buy" ratings and raised their price targets for Cameco, indicating ongoing confidence in the stock.

Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO - Investment analysts at Raymond James Financial cut their Q3 2025 EPS estimates for Cameco in a report issued on Thursday, July 31st. Raymond James Financial analyst B. Macarthur now forecasts that the basic materials company will post earnings per share of $0.24 for the quarter, down from their prior estimate of $0.26. Raymond James Financial currently has a "Outperform" rating on the stock. The consensus estimate for Cameco's current full-year earnings is $1.27 per share. Raymond James Financial also issued estimates for Cameco's Q4 2025 earnings at $0.45 EPS, FY2025 earnings at $1.31 EPS, Q1 2026 earnings at $0.28 EPS, Q2 2026 earnings at $0.35 EPS, Q3 2026 earnings at $0.45 EPS and FY2026 earnings at $1.75 EPS.

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

A number of other research firms also recently issued reports on CCJ. Wall Street Zen upgraded shares of Cameco from a "hold" rating to a "buy" rating in a research note on Saturday. The Goldman Sachs Group increased their price objective on shares of Cameco from $65.00 to $78.00 and gave the company a "buy" rating in a research note on Wednesday, June 11th. UBS Group reiterated a "buy" rating on shares of Cameco in a research note on Tuesday, June 10th. Glj Research reiterated a "buy" rating and set a $75.27 price objective on shares of Cameco in a research note on Thursday, June 12th. Finally, Sanford C. Bernstein set a $70.00 price objective on shares of Cameco and gave the company an "outperform" rating in a research note on Tuesday, June 10th. Ten equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $82.65.

Cameco Stock Performance

Shares of NYSE:CCJ opened at $72.97 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.00 and a current ratio of 2.96. The firm's 50 day simple moving average is $70.40 and its 200-day simple moving average is $54.41. Cameco has a one year low of $35.00 and a one year high of $80.32. The firm has a market cap of $31.77 billion, a PE ratio of 83.87 and a beta of 1.06.

Hedge Funds Weigh In On Cameco

Several institutional investors and hedge funds have recently bought and sold shares of the company. Manchester Capital Management LLC grew its holdings in shares of Cameco by 100.0% during the first quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company's stock valued at $25,000 after buying an additional 300 shares during the last quarter. Hurley Capital LLC purchased a new stake in shares of Cameco during the fourth quarter valued at $27,000. Dagco Inc. purchased a new stake in shares of Cameco during the first quarter valued at $28,000. SVB Wealth LLC purchased a new stake in shares of Cameco during the first quarter valued at $29,000. Finally, Trust Co. of Vermont grew its holdings in shares of Cameco by 1,029.4% during the second quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company's stock valued at $29,000 after buying an additional 350 shares during the last quarter. 70.21% of the stock is owned by hedge funds and other 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.

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