National Bank Financial Forecasts Lower Earnings for Cameco

Cameco Co. (NYSE:CCJ) (TSE:CCO) – Research analysts at National Bank Financial dropped their FY2025 earnings estimates for shares of Cameco in a report issued on Monday, January 27th. National Bank Financial analyst M. Sidibe now anticipates that the basic materials company will post earnings per share of $1.07 for the year, down from their prior forecast of $1.18. The consensus estimate for Cameco’s current full-year earnings is $0.47 per share. National Bank Financial also issued estimates for Cameco’s FY2027 earnings at $1.57 EPS.

Separately, Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Cameco presently has a consensus rating of “Buy” and an average price target of $66.56.

Cameco Stock Up 0.3 %

Cameco stock opened at $50.22 on Thursday. 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 fifty-two week low of $35.43 and a fifty-two week high of $62.55. The company has a market capitalization of $21.86 billion, a PE ratio of 264.32 and a beta of 0.95. The firm has a 50 day moving average price of $54.20 and a 200 day moving average price of $49.33.

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

Cameco Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were issued a dividend of $0.118 per share. The ex-dividend date was Wednesday, November 27th. This represents a yield of 0.22%. This is an increase from Cameco’s previous annual dividend of $0.09. Cameco’s payout ratio is currently 63.16%.

Institutional Trading of Cameco

Institutional investors and hedge funds have recently modified their holdings of the business. Dantai Capital Ltd raised its stake in Cameco by 44.2% during the third quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company’s stock worth $2,735,000 after purchasing an additional 17,560 shares during the period. Roberts Wealth Advisors LLC purchased a new position in Cameco during the fourth quarter worth approximately $895,000. Whalen Wealth Management Inc. purchased a new position in Cameco during the fourth quarter worth approximately $445,000. iA Global Asset Management Inc. purchased a new position in shares of Cameco in the 3rd quarter valued at $5,305,000. Finally, Telemark Asset Management LLC raised its stake in shares of Cameco by 8.3% in the 3rd quarter. Telemark Asset Management LLC now owns 1,300,000 shares of the basic materials company’s stock valued at $62,088,000 after acquiring an additional 100,000 shares during the period. 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.