Desjardins Comments on Cameco’s FY2025 Earnings (NYSE:CCJ)

Cameco Co. (NYSE:CCJ) (TSE:CCO) – Equities research analysts at Desjardins raised their FY2025 earnings per share (EPS) estimates for Cameco in a research report issued to clients and investors on Monday, June 16th. Desjardins analyst B. Adams now forecasts that the basic materials company will earn $0.91 per share for the year, up from their prior estimate of $0.79. Desjardins currently has a “Buy” rating on the stock. The consensus estimate for Cameco’s current full-year earnings is $1.27 per share.

Several other equities research analysts also recently commented on CCJ. Scotiabank reiterated an “outperform” rating on shares of Cameco in a report on Wednesday, May 14th. UBS Group reiterated a “buy” rating on shares of Cameco in a report on Tuesday, June 10th. Wall Street Zen upgraded Cameco from a “sell” rating to a “hold” rating in a report on Tuesday, May 13th. Glj Research reissued a “buy” rating and issued a $75.27 target price on shares of Cameco in a research report on Thursday, June 12th. Finally, The Goldman Sachs Group raised their target price on Cameco from $65.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, June 11th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $75.63.

Cameco Price Performance

Shares of NYSE:CCJ opened at $69.41 on Tuesday. Cameco has a 1-year low of $35.00 and a 1-year high of $71.31. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The business has a fifty day moving average price of $51.37 and a 200-day moving average price of $49.52. The company has a market capitalization of $30.22 billion, a PE ratio of 247.89 and a beta of 0.97.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $890.07 million. During the same period in the previous year, the business earned $0.13 EPS. The business’s revenue was up 24.4% compared to the same quarter last year.

Institutional Investors Weigh In On Cameco

Institutional investors have recently modified their holdings of the company. Vanguard Capital Wealth Advisors acquired a new stake in shares of Cameco in the fourth quarter valued at $839,000. Sprott Inc. grew its stake in Cameco by 44.5% during the 4th 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 in the last quarter. Aigen Investment Management LP acquired a new position in Cameco during the 4th quarter worth $930,000. Plato Investment Management Ltd acquired a new position in Cameco during the 4th quarter worth $360,000. Finally, Tidal Investments LLC grew its stake in Cameco by 44.7% during the 4th quarter. Tidal Investments LLC now owns 36,736 shares of the basic materials company’s stock worth $1,888,000 after purchasing an additional 11,340 shares in the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

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.