Stifel Canada Has Pessimistic Outlook of Cameco Q4 Earnings

Key Points

• Stifel Canada has revised down Cameco's Q4 2025 earnings estimate to $0.28 per share, down from the previous forecast of $0.37.
• Despite this pessimistic outlook, several analysts, including the Royal Bank of Canada, have upgraded their ratings and price targets for Cameco, with an average price target of $89.55.
• The stock currently has a market capitalization of $36.37 billion and a price-to-earnings ratio of 96.00, reflecting investor confidence despite recent downgrades.

Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO - Research analysts at Stifel Canada dropped their Q4 2025 earnings estimates for Cameco in a report issued on Tuesday, October 21st. Stifel Canada analyst R. Profiti now expects that the basic materials company will post earnings per share of $0.28 for the quarter, down from their prior forecast of $0.37. The consensus estimate for Cameco's current full-year earnings is $1.27 per share.

A number of other equities analysts have also commented on the company. Royal Bank Of Canada boosted their price objective on Cameco from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Wall Street Zen raised Cameco from a "hold" rating to a "buy" rating in a report on Sunday. National Bankshares reissued an "outperform" rating on shares of Cameco in a research note on Friday, August 22nd. BMO Capital Markets reaffirmed an "outperform" rating on shares of Cameco in a research note on Friday, August 29th. Finally, Raymond James Financial reiterated an "outperform" rating on shares of Cameco in a report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $89.55.

Cameco Price Performance

Shares of Cameco stock opened at $83.52 on Thursday. Cameco has a 1-year low of $35.00 and a 1-year high of $97.79. The firm's 50-day moving average price is $81.62 and its two-hundred day moving average price is $68.25. The company has a current ratio of 2.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $36.37 billion, a price-to-earnings ratio of 96.00 and a beta of 0.99.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its earnings results on Thursday, July 31st. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.22. The business had revenue of $467.72 million during the quarter, compared to analysts' expectations of $819.79 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%.Cameco's quarterly revenue was up 46.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 EPS. Cameco has set its FY 2025 guidance at EPS.

Institutional Trading of Cameco

Several hedge funds have recently added to or reduced their stakes in CCJ. Vanguard Group Inc. increased its position in shares of Cameco by 2.8% during the second quarter. Vanguard Group Inc. now owns 17,565,529 shares of the basic materials company's stock worth $1,304,504,000 after acquiring an additional 481,171 shares in the last quarter. Alliancebernstein L.P. raised its stake in Cameco by 39.3% in the 1st quarter. Alliancebernstein L.P. now owns 14,048,244 shares of the basic materials company's stock valued at $578,226,000 after acquiring an additional 3,959,837 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of Cameco by 41.4% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,076,815 shares of the basic materials company's stock worth $524,988,000 after buying an additional 2,071,373 shares during the last quarter. Norges Bank acquired a new position in Cameco in the 2nd quarter valued at $341,736,000. Finally, AGF Management Ltd. grew its holdings in shares of Cameco by 19.0% during the 1st quarter. AGF Management Ltd. now owns 4,037,646 shares of the basic materials company's stock worth $166,206,000 after purchasing an additional 644,413 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company's stock.

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.

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