Scotiabank Comments on Cameco's FY2025 Earnings (TSE:CCO)

Cameco Co. (TSE:CCO - Free Report) NYSE: CCJ - Analysts at Scotiabank lifted their FY2025 earnings per share (EPS) estimates for Cameco in a note issued to investors on Monday, June 9th. Scotiabank analyst O. Wowkodaw now expects that the company will earn $1.54 per share for the year, up from their previous estimate of $1.19. Scotiabank currently has a "Outperform" rating and a $93.00 target price on the stock. Scotiabank also issued estimates for Cameco's FY2026 earnings at $1.61 EPS.

Several other research firms have also issued reports on CCO. Raymond James increased their price objective on Cameco from C$83.00 to C$88.00 and gave the stock an "outperform" rating in a research note on Monday, June 9th. National Bankshares increased their price objective on Cameco from C$81.00 to C$95.00 in a research note on Monday, June 9th. Desjardins upgraded Cameco to a "moderate buy" rating in a research note on Thursday, April 3rd. Berenberg Bank increased their price objective on Cameco from C$75.00 to C$96.00 in a research note on Tuesday, June 10th. Finally, Bank of America increased their price objective on Cameco from C$93.00 to C$106.00 in a research note on Tuesday, June 10th. Eight analysts have rated the stock with a buy rating and five have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Cameco has an average rating of "Buy" and an average target price of C$92.92.

Cameco Stock Performance

Shares of TSE CCO traded up C$0.54 during trading hours on Thursday, reaching C$90.53. The stock had a trading volume of 1,133,241 shares, compared to its average volume of 1,220,552. The business's fifty day moving average is C$70.19 and its two-hundred day moving average is C$70.03. The company has a debt-to-equity ratio of 20.35, a current ratio of 2.88 and a quick ratio of 3.74. The company has a market cap of C$39.85 billion, a price-to-earnings ratio of 342.05, a PEG ratio of 2.22 and a beta of 0.90. Cameco has a twelve month low of C$48.71 and a twelve month high of C$93.22.

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.