National Bank Financial Forecasts Lower Earnings for Cameco

Cameco Co. (NYSE:CCJ) (TSE:CCO) – Stock analysts at National Bank Financial cut their FY2025 earnings per share estimates for Cameco in a research report issued to clients and investors 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 previous estimate 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.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $646.83 million. During the same quarter in the previous year, the business earned $0.24 EPS. The company’s quarterly revenue was up 25.4% on a year-over-year basis.

Separately, Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a research note on Friday, October 4th. One research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $66.56.

Cameco Stock Up 3.2 %

Shares of CCJ stock opened at $50.14 on Thursday. The stock has a market cap of $21.83 billion, a P/E ratio of 263.90 and a beta of 0.95. The company’s fifty day simple moving average is $54.35 and its two-hundred day simple moving average is $49.32. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. Cameco has a 52 week low of $35.43 and a 52 week high of $62.55.

Cameco Increases Dividend

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

Institutional Investors Weigh In On Cameco

Several institutional investors have recently modified their holdings of the stock. Dantai Capital Ltd increased its position in Cameco by 44.2% during the third quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company’s stock valued at $2,735,000 after acquiring an additional 17,560 shares during the last quarter. Roberts Wealth Advisors LLC bought a new position in Cameco during the 4th quarter valued at about $895,000. Whalen Wealth Management Inc. purchased a new stake in Cameco in the 4th quarter worth about $445,000. iA Global Asset Management Inc. purchased a new position in shares of Cameco during the third quarter valued at approximately $5,305,000. Finally, Telemark Asset Management LLC grew its stake in shares of Cameco by 8.3% during the third quarter. Telemark Asset Management LLC now owns 1,300,000 shares of the basic materials company’s stock valued at $62,088,000 after buying an additional 100,000 shares during the last quarter. 70.21% of the stock is owned by institutional investors.

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.