Raymond James Analysts Boost Earnings Estimates for Cameco

Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO - Research analysts at Raymond James increased their Q2 2025 earnings per share estimates for shares of Cameco in a research note issued on Monday, June 9th. Raymond James analyst B. Macarthur now expects that the basic materials company will post earnings per share of $0.39 for the quarter, up from their prior estimate of $0.24. The consensus estimate for Cameco's current full-year earnings is $1.27 per share. Raymond James also issued estimates for Cameco's FY2025 earnings at $1.20 EPS.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its 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). Cameco had a net margin of 5.39% and a return on equity of 4.34%. The business had revenue of $549.58 million during the quarter, compared to analyst estimates of $890.07 million. During the same period last year, the business earned $0.13 EPS. The business's quarterly revenue was up 24.4% compared to the same quarter last year.

CCJ has been the topic of a number of other research reports. Glj Research reiterated a "buy" rating and set a $75.27 price target on shares of Cameco in a research note on Thursday. Wall Street Zen raised Cameco from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Royal Bank of Canada reiterated an "outperform" rating and set a $90.00 target price on shares of Cameco in a research report on Tuesday, March 4th. Sanford C. Bernstein set a $70.00 target price on Cameco and gave the company an "outperform" rating in a research note on Tuesday. Finally, UBS Group reaffirmed a "buy" rating on shares of Cameco in a research note on Tuesday. One 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. According to MarketBeat, Cameco currently has a consensus rating of "Buy" and a consensus target price of $75.63.

Cameco Stock Performance

NYSE CCJ traded up $0.55 during midday trading on Wednesday, hitting $66.88. The company had a trading volume of 2,024,830 shares, compared to its average volume of 4,329,163. The firm has a fifty day simple moving average of $49.54 and a two-hundred day simple moving average of $49.45. The stock has a market cap of $29.11 billion, a price-to-earnings ratio of 238.86 and a beta of 0.97. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. Cameco has a fifty-two week low of $35.00 and a fifty-two week high of $68.12.

Hedge Funds Weigh In On Cameco

A number of large investors have recently bought and sold shares of CCJ. Sierra Ocean LLC acquired a new position in Cameco during the fourth quarter worth $25,000. Manchester Capital Management LLC lifted its stake in Cameco by 100.0% in the first quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company's stock valued at $25,000 after acquiring an additional 300 shares during the last quarter. Hurley Capital LLC bought a new position in shares of Cameco in the 4th quarter valued at about $27,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Cameco during the 4th quarter worth about $28,000. Finally, Dagco Inc. acquired a new position in shares of Cameco during the 1st quarter worth about $28,000. Institutional investors and hedge funds own 70.21% of the company's stock.

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.