What is Scotiabank’s Forecast for Cameco FY2025 Earnings?

Cameco Co. (NYSE:CCJ) (TSE:CCO) – Research analysts at Scotiabank increased their FY2025 earnings per share (EPS) estimates for Cameco in a report issued on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now anticipates that the basic materials company will post earnings of $0.82 per share for the year, up from their prior forecast of $0.68. The consensus estimate for Cameco’s current full-year earnings is $0.51 per share.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its 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 firm had revenue of $721.00 million for the quarter, compared to analyst estimates of $646.83 million. During the same period in the previous year, the firm earned $0.24 earnings per share. The company’s revenue for the quarter was up 25.4% on a year-over-year basis.

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

Cameco Price Performance

Shares of CCJ opened at $51.37 on Friday. Cameco has a one year low of $35.43 and a one year high of $62.55. 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 $22.36 billion, a price-to-earnings ratio of 270.38 and a beta of 0.95. The stock’s fifty day moving average is $54.82 and its 200-day moving average is $49.28.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Canandaigua National Bank & Trust Co. bought a new stake in shares of Cameco during the 4th quarter worth about $206,000. Capital Market Strategies LLC raised its position in shares of Cameco by 5.3% during the fourth quarter. Capital Market Strategies LLC now owns 19,383 shares of the basic materials company’s stock valued at $996,000 after buying an additional 980 shares during the last quarter. Confluence Investment Management LLC lifted its stake in Cameco by 3.2% during the fourth quarter. Confluence Investment Management LLC now owns 22,815 shares of the basic materials company’s stock worth $1,172,000 after purchasing an additional 697 shares during the period. Principal Financial Group Inc. boosted its holdings in Cameco by 1,138.1% during the third quarter. Principal Financial Group Inc. now owns 267,431 shares of the basic materials company’s stock valued at $12,774,000 after purchasing an additional 245,831 shares in the last quarter. Finally, Dantai Capital Ltd raised its holdings in shares of Cameco by 44.2% in the 3rd quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company’s stock worth $2,735,000 after buying an additional 17,560 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Increases Dividend

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

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.