Raymond James Issues Negative Forecast for Cameco Earnings

Cameco Co. (NYSE:CCJ) (TSE:CCO) – Raymond James reduced their Q1 2025 EPS estimates for shares of Cameco in a research report issued to clients and investors on Thursday, January 2nd. Raymond James analyst B. Macarthur now anticipates that the basic materials company will post earnings per share of $0.22 for the quarter, down from their previous estimate of $0.34. The consensus estimate for Cameco’s current full-year earnings is $0.51 per share. Raymond James also issued estimates for Cameco’s Q2 2025 earnings at $0.34 EPS and FY2025 earnings at $1.44 EPS.

Separately, Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, five have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $66.56.

Cameco Price Performance

Shares of NYSE:CCJ opened at $53.12 on Monday. The company’s fifty day moving average is $54.96 and its 200 day moving average is $49.25. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. Cameco has a 52 week low of $35.43 and a 52 week high of $62.55. The stock has a market cap of $23.12 billion, a PE ratio of 279.59 and a beta of 0.91.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.40). The company had revenue of $721.00 million for the quarter, compared to analysts’ expectations of $646.83 million. Cameco had a net margin of 4.15% and a return on equity of 3.33%. The business’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.24 EPS.

Institutional Investors Weigh In On Cameco

A number of large investors have recently made changes to their positions in CCJ. Massachusetts Financial Services Co. MA bought a new stake in shares of Cameco in the 2nd quarter worth approximately $73,125,000. CIBC Asset Management Inc grew its position in shares of Cameco by 58.0% in the 3rd quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock worth $181,382,000 after buying an additional 1,386,639 shares during the last quarter. M&G PLC bought a new stake in shares of Cameco in the 3rd quarter worth approximately $66,227,000. Segra Capital Management LLC bought a new stake in shares of Cameco in the 3rd quarter worth approximately $53,013,000. Finally, Fred Alger Management LLC grew its position in shares of Cameco by 99.7% in the 3rd quarter. Fred Alger Management LLC now owns 1,680,259 shares of the basic materials company’s stock worth $80,249,000 after buying an additional 839,077 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors.

Cameco Increases Dividend

The business also recently declared an annual dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were given a dividend of $0.118 per share. This represents a yield of 0.22%. This is a positive change from Cameco’s previous annual dividend of $0.09. The ex-dividend date of this dividend was Wednesday, November 27th. Cameco’s dividend payout ratio (DPR) is presently 57.89%.

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.