What is Scotiabank’s Forecast for Cameco FY2025 Earnings?

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Stock analysts at Scotiabank upped their FY2025 earnings per share estimates for Cameco in a research note issued on Wednesday, March 19th. Scotiabank analyst O. Wowkodaw now expects that the company will post earnings of $1.23 per share for the year, up from their prior estimate of $1.18. Scotiabank also issued estimates for Cameco’s FY2026 earnings at $1.67 EPS.

CCO has been the topic of a number of other reports. Stifel Canada raised Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th. Raymond James lifted their target price on Cameco from C$81.00 to C$88.00 in a research report on Friday, November 22nd. Finally, TD Securities dropped their target price on Cameco from C$91.00 to C$90.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Six analysts have rated the stock with a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$85.30.

Cameco Stock Down 0.4 %

Shares of TSE CCO opened at C$63.91 on Friday. Cameco has a 1 year low of C$48.71 and a 1 year high of C$88.18. The firm has a market cap of C$28.13 billion, a price-to-earnings ratio of 241.47, a PEG ratio of 2.22 and a beta of 0.90. The company has a debt-to-equity ratio of 20.35, a quick ratio of 3.74 and a current ratio of 2.88. The stock’s 50-day simple moving average is C$67.48 and its 200-day simple moving average is C$69.86.

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.