Scotiabank Has Bullish Forecast for Cameco FY2025 Earnings

Cameco Co. (TSE:CCO - Free Report) NYSE: CCJ - Research analysts at Scotiabank lifted their FY2025 earnings estimates for shares of Cameco in a research report issued to clients and 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 forecast 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.

CCO has been the subject of several other reports. Berenberg Bank upped their price objective on shares of Cameco from C$75.00 to C$96.00 in a report on Tuesday. Bank of America increased their price target on shares of Cameco from C$93.00 to C$106.00 in a report on Tuesday. Raymond James increased their price target on shares of Cameco from C$83.00 to C$88.00 and gave the company an "outperform" rating in a report on Monday, June 9th. Stifel Nicolaus increased their price target on shares of Cameco from C$90.00 to C$105.00 in a report on Tuesday. Finally, Stifel Canada raised shares of Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. Eight investment analysts have rated the stock with a buy rating and five have given a strong buy rating to the company. According to MarketBeat, Cameco has an average rating of "Buy" and a consensus target price of C$92.92.

Cameco Stock Performance

Shares of TSE CCO traded up C$0.54 during trading hours on Thursday, hitting C$90.53. 1,133,241 shares of the stock were exchanged, compared to its average volume of 1,220,552. 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's 50 day moving average is C$70.19 and its 200 day moving average is C$70.11. The firm has a market capitalization of C$39.85 billion, a P/E ratio of 342.05, a P/E/G ratio of 2.22 and a beta of 0.90. Cameco has a one year low of C$48.71 and a one year 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.