What is Scotiabank’s Forecast for Cameco FY2025 Earnings?

Cameco Co. (NYSE:CCJ) (TSE:CCO) – Equities researchers at Scotiabank increased their FY2025 earnings per share (EPS) estimates for shares of Cameco in a note issued to investors on Monday, June 9th. Scotiabank analyst O. Wowkodaw now forecasts that the basic materials company will post earnings of $1.12 per share for the year, up from their previous estimate of $0.85. Scotiabank currently 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) (TSE:CCO) last issued its quarterly earnings results 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). Cameco had a return on equity of 4.34% and a net margin of 5.39%. The business had revenue of $549.58 million for the quarter, compared to analyst estimates of $890.07 million. During the same period in the prior year, the company posted $0.13 EPS. The firm’s revenue for the quarter was up 24.4% compared to the same quarter last year.

Several other analysts have also recently issued reports on CCJ. Wall Street Zen upgraded Cameco from a “sell” rating to a “hold” rating in a research note on Tuesday, May 13th. Sanford C. Bernstein set a $70.00 target price on shares of Cameco and gave the stock an “outperform” rating in a research note on Tuesday. Stifel Nicolaus assumed coverage on shares of Cameco in a research note on Wednesday, March 12th. They issued a “buy” rating for the company. The Goldman Sachs Group increased their price objective on shares of Cameco from $65.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $90.00 target price on shares of Cameco in a research note on Tuesday, March 4th. One 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 company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $75.70.

Cameco Stock Performance

Shares of CCJ stock opened at $66.28 on Thursday. The firm has a 50 day moving average of $49.54 and a two-hundred day moving average of $49.45. The stock has a market capitalization of $28.85 billion, a PE ratio of 236.70 and a beta of 0.97. 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 $35.00 and a 52 week high of $68.12.

Hedge Funds Weigh In On Cameco

Large investors have recently bought and sold shares of the stock. Choreo LLC grew its stake in Cameco by 4.0% during the 4th quarter. Choreo LLC now owns 9,310 shares of the basic materials company’s stock worth $478,000 after buying an additional 357 shares during the last quarter. Empowered Funds LLC grew its position in Cameco by 166.4% during the 4th quarter. Empowered Funds LLC now owns 42,813 shares of the basic materials company’s stock worth $2,200,000 after purchasing an additional 26,742 shares during the last quarter. Savant Capital LLC increased its stake in Cameco by 3.8% in the fourth quarter. Savant Capital LLC now owns 14,334 shares of the basic materials company’s stock valued at $737,000 after purchasing an additional 526 shares during the period. Leavell Investment Management Inc. increased its stake in Cameco by 0.9% in the fourth quarter. Leavell Investment Management Inc. now owns 54,150 shares of the basic materials company’s stock valued at $2,783,000 after purchasing an additional 500 shares during the period. Finally, Capital Advisors Inc. OK raised its holdings in shares of Cameco by 14.9% in the fourth quarter. Capital Advisors Inc. OK now owns 943,296 shares of the basic materials company’s stock valued at $48,476,000 after buying an additional 122,300 shares during 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.