Scotiabank Has Optimistic Outlook of Cameco FY2025 Earnings

Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO - Investment analysts at Scotiabank boosted their FY2025 earnings per share estimates for Cameco in a research note issued on Monday, June 9th. Scotiabank analyst O. Wowkodaw now anticipates that the basic materials company will earn $1.12 per share for the year, up from their previous estimate of $0.85. Scotiabank has a "Outperform" rating on the stock. The consensus estimate for Cameco's current full-year earnings is $1.27 per share. Scotiabank also issued estimates for Cameco's FY2026 earnings at $1.18 EPS.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.07). The firm had revenue of $549.58 million for the quarter, compared to analyst estimates of $890.07 million. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The company's quarterly revenue was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.13 EPS.

CCJ has been the topic of several other reports. Desjardins began coverage on Cameco in a research report on Friday, April 4th. They issued a "buy" rating on the stock. Stifel Canada raised Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. Glj Research restated a "buy" rating and set a $75.27 target price on shares of Cameco in a report on Thursday. Royal Bank of Canada restated an "outperform" rating and set a $90.00 target price on shares of Cameco in a research note on Tuesday, March 4th. Finally, UBS Group restated a "buy" rating on shares of Cameco in a research report on Tuesday, June 10th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Cameco currently has a consensus rating of "Buy" and an average price target of $75.63.

Cameco Stock Performance

Shares of Cameco stock traded up $0.46 on Thursday, reaching $66.60. 5,079,823 shares of the company were exchanged, compared to its average volume of 4,360,634. Cameco has a 1-year low of $35.00 and a 1-year high of $68.12. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The firm has a market cap of $28.99 billion, a price-to-earnings ratio of 237.85 and a beta of 0.97. The company's 50-day moving average is $50.71 and its two-hundred day moving average is $49.51.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CCJ. Sierra Ocean LLC bought a new position in shares of Cameco in the fourth quarter valued at approximately $25,000. Manchester Capital Management LLC raised its stake in shares of 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 fourth quarter valued at approximately $27,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Cameco in the 4th quarter worth approximately $28,000. Finally, Dagco Inc. acquired a new position in Cameco during the 1st quarter worth $28,000. Institutional investors 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.