Scotiabank Analysts Increase Earnings Estimates for Cameco

Cameco Co. (NYSE:CCJ) (TSE:CCO) – Equities research analysts at Scotiabank lifted their FY2025 earnings per share estimates for shares of Cameco in a report issued on Wednesday, March 19th. Scotiabank analyst O. Wowkodaw now forecasts that the basic materials company will post earnings of $0.86 per share for the year, up from their previous estimate of $0.82. 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 $1.17 EPS.

Other analysts also recently issued reports about the stock. Glj Research lifted their price objective on shares of Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a report on Wednesday, March 12th. Stifel Nicolaus began coverage on shares of Cameco in a research report on Wednesday, March 12th. They set a “buy” rating on the stock. Royal Bank of Canada restated an “outperform” rating and set a $90.00 price objective on shares of Cameco in a research note on Tuesday, March 4th. StockNews.com upgraded Cameco from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Stifel Canada upgraded Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $73.64.

Cameco Stock Down 0.5 %

Shares of Cameco stock opened at $44.62 on Friday. The firm has a market cap of $19.42 billion, a PE ratio of 159.34 and a beta of 1.04. The business’s 50 day simple moving average is $47.03 and its 200 day simple moving average is $50.01. 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.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.26. The firm had revenue of $845.54 million during the quarter, compared to analyst estimates of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%.

Institutional Trading of Cameco

A number of hedge funds have recently made changes to their positions in the business. Glenmede Trust Co. NA raised its position in shares of Cameco by 2.1% in the third quarter. Glenmede Trust Co. NA now owns 9,149 shares of the basic materials company’s stock valued at $437,000 after buying an additional 191 shares in the last quarter. Larson Financial Group LLC raised its holdings in Cameco by 37.4% in the 4th quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 226 shares in the last quarter. Two Sigma Investments LP lifted its position in shares of Cameco by 0.5% during the 4th quarter. Two Sigma Investments LP now owns 50,438 shares of the basic materials company’s stock valued at $2,592,000 after acquiring an additional 238 shares during the period. Heritage Wealth Management Inc. grew its holdings in shares of Cameco by 0.8% during the 4th quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company’s stock worth $1,587,000 after purchasing an additional 250 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Cameco by 48.6% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 267 shares during the period. 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.