Raymond James Financial Expects Weaker Earnings for Cameco

Key Points

• Raymond James Financial has reduced its Q3 2025 earnings per share estimate for Cameco from $0.35 to $0.33, maintaining an "Outperform" rating with a price target of $115.00.
• Multiple brokerages, including TD Securities and Canaccord Genuity, have raised their price targets for Cameco, indicating strong analyst support for the stock amid a consensus rating of "Buy."
• Cameco currently has a market capitalization of C$44.29 billion and its stock has experienced a significant price range over the past year, with a 52-week low of C$48.71 and a high of C$110.85.

Cameco Co. (TSE:CCO - Free Report) NYSE: CCJ - Equities researchers at Raymond James Financial dropped their Q3 2025 earnings per share estimates for Cameco in a research report issued to clients and investors on Thursday, July 31st. Raymond James Financial analyst B. Macarthur now forecasts that the company will earn $0.33 per share for the quarter, down from their prior estimate of $0.35. Raymond James Financial has a "Outperform" rating and a $115.00 price target on the stock. Raymond James Financial also issued estimates for Cameco's FY2025 earnings at $1.80 EPS, Q1 2026 earnings at $0.39 EPS, Q2 2026 earnings at $0.48 EPS, Q3 2026 earnings at $0.62 EPS and FY2026 earnings at $2.40 EPS.

Several other equities analysts have also recently issued reports on CCO. Berenberg Bank boosted their target price on Cameco from C$75.00 to C$96.00 in a research report on Tuesday, June 10th. Scotiabank increased their target price on shares of Cameco from C$100.00 to C$110.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. BMO Capital Markets lifted their target price on Cameco from C$105.00 to C$110.00 in a research note on Tuesday. Royal Bank Of Canada raised their target price on Cameco from C$100.00 to C$110.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Finally, TD Securities lifted their target price on Cameco from C$115.00 to C$117.00 and gave the company a "buy" rating in a research note on Tuesday. Nine investment analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of C$106.31.

Cameco Trading Down 1.1%

TSE CCO traded down C$1.17 during trading hours on Monday, reaching C$104.07. The company had a trading volume of 624,670 shares, compared to its average volume of 1,222,892. The stock has a 50-day moving average of C$97.23 and a 200 day moving average of C$76.33. The company has a current ratio of 2.88, a quick ratio of 3.74 and a debt-to-equity ratio of 20.35. The stock has a market capitalization of C$45.80 billion, a P/E ratio of 393.21, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. Cameco has a 1-year low of C$48.71 and a 1-year high of C$110.85.

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.