Raymond James Analysts Lift Earnings Estimates for Cameco

Cameco Co. (NYSE:CCJ) (TSE:CCO) – Investment analysts at Raymond James boosted their Q1 2025 earnings estimates for shares of Cameco in a research report issued to clients and investors on Thursday, November 21st. Raymond James analyst B. Macarthur now forecasts that the basic materials company will post earnings of $0.34 per share for the quarter, up from their previous forecast of $0.33. The consensus estimate for Cameco’s current full-year earnings is $0.70 per share. Raymond James also issued estimates for Cameco’s Q4 2025 earnings at $0.45 EPS and FY2025 earnings at $1.54 EPS.

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

Other research analysts have also recently issued research reports about the stock. Cantor Fitzgerald upgraded shares of Cameco from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 31st. Glj Research reissued a “buy” rating and set a $63.73 target price on shares of Cameco in a research note on Wednesday, August 14th. Scotiabank lowered their price objective on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. National Bank Financial raised shares of Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. Finally, Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, five have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Cameco has a consensus rating of “Buy” and an average target price of $66.56.

Cameco Price Performance

CCJ opened at $60.11 on Monday. The company has a fifty day moving average price of $51.66 and a two-hundred day moving average price of $48.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The firm has a market capitalization of $26.16 billion, a PE ratio of 316.37 and a beta of 0.89. Cameco has a 52 week low of $35.43 and a 52 week high of $60.98.

Cameco Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.118 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a dividend yield of 0.22%. This is a boost from Cameco’s previous annual dividend of $0.09. Cameco’s dividend payout ratio is currently 57.89%.

Hedge Funds Weigh In On Cameco

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Cameco by 71.5% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 238 shares during the last quarter. LRI Investments LLC bought a new position in Cameco during the first quarter worth about $26,000. Pingora Partners LLC bought a new stake in Cameco in the 3rd quarter valued at about $33,000. First Horizon Advisors Inc. grew its position in shares of Cameco by 84.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 351 shares in the last quarter. Finally, JFS Wealth Advisors LLC raised its position in shares of Cameco by 130.6% in the third quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company’s stock valued at $46,000 after buying an additional 550 shares in the last quarter. 70.21% of the stock is owned by institutional investors.

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.