Raymond James Issues Positive Outlook for Cameco Earnings

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Research analysts at Raymond James boosted their Q1 2025 earnings per share (EPS) estimates for Cameco in a research report issued to clients and investors on Thursday, November 21st. Raymond James analyst B. Macarthur now anticipates that the company will earn $0.47 per share for the quarter, up from their prior forecast of $0.46. Raymond James also issued estimates for Cameco’s Q2 2025 earnings at $0.53 EPS, Q4 2025 earnings at $0.62 EPS and FY2025 earnings at $2.14 EPS.

CCO has been the topic of several other research reports. Eight Capital lifted their target price on shares of Cameco from C$80.00 to C$90.00 in a research note on Friday, November 8th. Royal Bank of Canada upped their price objective on shares of Cameco from C$75.00 to C$90.00 in a research note on Thursday, November 21st. Cantor Fitzgerald upgraded shares of Cameco from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 31st. Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a report on Friday, October 4th. Finally, National Bank Financial raised Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Seven equities research analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$84.30.

Cameco Stock Up 1.5 %

Shares of CCO opened at C$82.45 on Monday. The stock has a 50 day moving average price of C$70.85 and a 200 day moving average price of C$66.90. Cameco has a one year low of C$48.71 and a one year high of C$85.18. The company has a debt-to-equity ratio of 25.39, a quick ratio of 3.74 and a current ratio of 3.22. The stock has a market capitalization of C$35.88 billion, a price-to-earnings ratio of 139.75, a PEG ratio of 2.22 and a beta of 0.90.

Insider Activity at Cameco

In other news, Senior Officer Lisa Lorene Aitken sold 1,500 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of C$81.17, for a total transaction of C$121,755.00. Also, Senior Officer Ronald Liam Mooney sold 3,400 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of C$70.49, for a total transaction of C$239,666.00. In the last ninety days, insiders have sold 34,362 shares of company stock worth $2,757,122. Company insiders own 0.15% of the company’s stock.

Cameco Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.16 per share. This is a boost from Cameco’s previous annual dividend of $0.12. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a yield of 0.22%. Cameco’s dividend payout ratio (DPR) is 20.34%.

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.