Scotiabank Has Optimistic Outlook of Cameco FY2025 Earnings

Cameco Co. (NYSE:CCJ) (TSE:CCO) – Investment analysts at Scotiabank upped their FY2025 earnings per share estimates for shares of Cameco in a research report issued to clients and investors on Wednesday, March 19th. Scotiabank analyst O. Wowkodaw now forecasts that the basic materials company will post earnings of $0.86 per share for the year, up from their prior forecast of $0.82. 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 $1.17 EPS.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The business had revenue of $845.54 million for the quarter, compared to the consensus estimate of $1.09 billion.

Several other research firms also recently commented on CCJ. Stifel Nicolaus assumed coverage on Cameco in a research note on Wednesday, March 12th. They issued a “buy” rating on the stock. StockNews.com upgraded Cameco from a “sell” rating to a “hold” rating in a research note on Wednesday. Royal Bank of Canada reiterated an “outperform” rating and issued a $90.00 price objective on shares of Cameco in a research note on Tuesday, March 4th. Stifel Canada upgraded Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th. Finally, Glj Research increased their target price on Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research report on Wednesday, March 12th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $73.64.

Cameco Price Performance

Cameco stock opened at $44.62 on Friday. Cameco has a 12 month low of $35.43 and a 12 month high of $62.55. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The business’s 50 day simple moving average is $47.03 and its 200 day simple moving average is $50.10. The company has a market cap of $19.42 billion, a price-to-earnings ratio of 159.34 and a beta of 1.04.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Dantai Capital Ltd increased its holdings in shares of Cameco by 44.2% in the third quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company’s stock worth $2,735,000 after purchasing an additional 17,560 shares during the period. Roberts Wealth Advisors LLC bought a new position in shares of Cameco in the fourth quarter worth $895,000. Whalen Wealth Management Inc. bought a new position in shares of Cameco in the fourth quarter worth $445,000. Sprott Inc. increased its holdings in shares of Cameco by 44.5% in the fourth quarter. Sprott Inc. now owns 111,896 shares of the basic materials company’s stock worth $5,750,000 after purchasing an additional 34,483 shares during the period. Finally, iA Global Asset Management Inc. bought a new position in shares of Cameco in the third quarter worth $5,305,000. Institutional investors own 70.21% of the company’s stock.

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.