National Bank Financial Forecasts Higher Earnings for Cameco

Cameco Co. (NYSE:CCJ) (TSE:CCO) – Equities research analysts at National Bank Financial increased their FY2025 earnings per share estimates for shares of Cameco in a report issued on Wednesday, February 12th. National Bank Financial analyst M. Sidibe now expects that the basic materials company will earn $1.12 per share for the year, up from their previous estimate of $1.07. The consensus estimate for Cameco’s current full-year earnings is $0.44 per share. National Bank Financial also issued estimates for Cameco’s FY2026 earnings at $1.30 EPS and FY2027 earnings at $1.58 EPS.

Cameco Stock Performance

Shares of CCJ opened at $47.22 on Monday. The stock’s 50-day simple moving average is $51.80 and its 200 day simple moving average is $49.55. The stock has a market capitalization of $20.56 billion, a price-to-earnings ratio of 248.56 and a beta of 0.94. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. Cameco has a 52-week low of $35.43 and a 52-week high of $62.55.

Institutional Trading of Cameco

A number of institutional investors have recently added to or reduced their stakes in CCJ. Norges Bank purchased a new stake in Cameco during the 4th quarter worth about $188,595,000. FMR LLC lifted its holdings in Cameco by 8.7% during the 4th quarter. FMR LLC now owns 22,639,647 shares of the basic materials company’s stock worth $1,163,942,000 after purchasing an additional 1,811,876 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in Cameco by 58.0% during 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. M&G PLC purchased a new stake in Cameco during the 3rd quarter worth about $66,227,000. Finally, Alliancebernstein L.P. lifted its holdings in Cameco by 13.5% during the 4th quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company’s stock worth $518,443,000 after purchasing an additional 1,196,336 shares in the last quarter. Hedge funds and other institutional investors 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.