Research Analysts Issue Forecasts for Cameco Q1 Earnings

Cameco Co. (NYSE:CCJ) (TSE:CCO) – Equities researchers at Raymond James reduced their Q1 2025 EPS estimates for shares of Cameco in a research report issued on Thursday, January 2nd. Raymond James analyst B. Macarthur now anticipates that the basic materials company will earn $0.22 per share for the quarter, down from their prior forecast 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.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). The company had revenue of $721.00 million for the quarter, compared to the consensus estimate of $646.83 million. Cameco had a net margin of 4.15% and a return on equity of 3.33%. The firm’s revenue was up 25.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.24 earnings per share.

Separately, Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $66.56.

Cameco Stock Performance

Shares of CCJ stock opened at $53.12 on Monday. The stock has a market capitalization of $23.12 billion, a P/E ratio of 279.59 and a beta of 0.91. 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 firm’s 50 day moving average is $54.96 and its 200 day moving average is $49.25. Cameco has a 12 month low of $35.43 and a 12 month high of $62.55.

Institutional Trading of Cameco

Several institutional investors and hedge funds have recently bought and sold shares of the company. William Blair Investment Management LLC lifted its stake in Cameco by 6.8% in the 2nd quarter. William Blair Investment Management LLC now owns 4,160,009 shares of the basic materials company’s stock worth $204,672,000 after purchasing an additional 265,196 shares in the last quarter. Driehaus Capital Management LLC lifted its stake in Cameco by 4.7% in the 2nd quarter. Driehaus Capital Management LLC now owns 3,915,086 shares of the basic materials company’s stock worth $192,622,000 after purchasing an additional 176,183 shares in the last quarter. CIBC Asset Management Inc lifted its stake in 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 purchasing an additional 1,386,639 shares in the last quarter. Cibc World Market Inc. raised its position in shares of Cameco by 3.7% during the 2nd quarter. Cibc World Market Inc. now owns 3,272,805 shares of the basic materials company’s stock valued at $161,022,000 after buying an additional 117,722 shares in the last quarter. Finally, Bridgewater Associates LP raised its position in shares of Cameco by 19.9% during the 3rd quarter. Bridgewater Associates LP now owns 2,478,488 shares of the basic materials company’s stock valued at $118,386,000 after buying an additional 410,711 shares in the last quarter. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Increases Dividend

The company also recently announced an annual dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were paid a $0.118 dividend. The ex-dividend date was Wednesday, November 27th. This is a boost from Cameco’s previous annual dividend of $0.09. This represents a yield of 0.22%. Cameco’s dividend payout ratio is currently 57.89%.

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.