FY2025 Earnings Estimate for Cameco Issued By Desjardins

Cameco Corporation (NYSE:CCJ) (TSE:CCO) – Stock analysts at Desjardins lowered their FY2025 EPS estimates for shares of Cameco in a report issued on Wednesday, November 5th. Desjardins analyst B. Adams now expects that the basic materials company will post earnings of $0.77 per share for the year, down from their prior estimate of $1.05. The consensus estimate for Cameco’s current full-year earnings is $1.27 per share. Desjardins also issued estimates for Cameco’s FY2027 earnings at $1.66 EPS.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Wednesday, November 5th. The basic materials company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.17). The business had revenue of $313.74 million for the quarter, compared to the consensus estimate of $531.72 million. Cameco had a net margin of 14.97% and a return on equity of 8.21%. Cameco’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.01) EPS. Cameco has set its FY 2025 guidance at EPS.

CCJ has been the subject of a number of other research reports. Royal Bank Of Canada boosted their target price on Cameco from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. CLSA initiated coverage on Cameco in a research report on Tuesday, September 9th. They issued an “outperform” rating and a $102.00 price objective for the company. Scotiabank restated an “outperform” rating on shares of Cameco in a report on Wednesday, October 29th. UBS Group started coverage on shares of Cameco in a research note on Monday. They issued a “neutral” rating and a $140.00 target price on the stock. Finally, President Capital raised shares of Cameco from a “neutral” rating to a “buy” rating in a research report on Monday, September 22nd. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $108.04.

Cameco Stock Performance

NYSE CCJ opened at $92.49 on Monday. The company has a 50-day simple moving average of $87.41 and a two-hundred day simple moving average of $74.33. Cameco has a 12-month low of $35.00 and a 12-month high of $110.15. The firm has a market cap of $40.27 billion, a price-to-earnings ratio of 106.31 and a beta of 0.98. The company has a quick ratio of 2.00, a current ratio of 2.96 and a debt-to-equity ratio of 0.15.

Institutional Investors Weigh In On Cameco

Large investors have recently modified their holdings of the stock. TD Asset Management Inc raised its stake in Cameco by 116.7% in the third quarter. TD Asset Management Inc now owns 4,622,932 shares of the basic materials company’s stock worth $388,068,000 after buying an additional 2,489,207 shares in the last quarter. Waratah Capital Advisors Ltd. purchased a new position in shares of Cameco during the 3rd quarter worth approximately $1,884,000. Strata Wealth Advisors LLC bought a new position in shares of Cameco in the 3rd quarter worth approximately $200,000. Compound Planning Inc. lifted its stake in shares of Cameco by 199.1% in the 3rd quarter. Compound Planning Inc. now owns 9,827 shares of the basic materials company’s stock valued at $824,000 after purchasing an additional 6,541 shares during the period. Finally, Dakota Wealth Management lifted its stake in shares of Cameco by 5.4% in the 3rd quarter. Dakota Wealth Management now owns 33,234 shares of the basic materials company’s stock valued at $2,787,000 after purchasing an additional 1,694 shares during the period. Institutional investors own 70.21% of the company’s stock.

Cameco Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Monday, December 1st will be issued a $0.24 dividend. This is a boost from Cameco’s previous annual dividend of $0.12. The ex-dividend date is Monday, December 1st. This represents a yield of 25.0%. Cameco’s dividend payout ratio (DPR) is currently 19.77%.

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.