National Bank Financial Predicts Cameco FY2025 Earnings

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Research analysts at National Bank Financial cut their FY2025 earnings per share (EPS) estimates for shares of Cameco in a research note issued on Monday, January 27th. National Bank Financial analyst M. Sidibe now forecasts that the company will earn $1.55 per share for the year, down from their prior forecast of $1.64. National Bank Financial also issued estimates for Cameco’s FY2027 earnings at $2.27 EPS.

A number of other research firms have also issued reports on CCO. Scotiabank boosted their price objective on Cameco from C$80.00 to C$86.00 in a research note on Tuesday, November 19th. Raymond James raised their price objective on shares of Cameco from C$81.00 to C$88.00 in a research report on Friday, November 22nd. Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a report on Friday, October 4th. Royal Bank of Canada raised their price target on shares of Cameco from C$75.00 to C$90.00 in a report on Thursday, November 21st. Finally, BMO Capital Markets upped their price target on shares of Cameco from C$78.00 to C$84.00 in a report on Friday, November 8th. Five research analysts have rated the stock with a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Cameco has an average rating of “Buy” and an average price target of C$84.30.

Cameco Trading Up 3.3 %

Shares of CCO stock opened at C$72.25 on Thursday. The stock has a market capitalization of C$31.44 billion, a price-to-earnings ratio of 122.46, a PEG ratio of 2.22 and a beta of 0.90. The company’s fifty day simple moving average is C$77.53 and its two-hundred day simple moving average is C$68.78. Cameco has a 1 year low of C$48.71 and a 1 year high of C$88.18. The company has a debt-to-equity ratio of 25.39, a current ratio of 3.22 and a quick ratio of 3.74.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its earnings results on Thursday, November 7th. The company reported C($0.01) earnings per share for the quarter, missing the consensus estimate of C$0.23 by C($0.24). Cameco had a return on equity of 4.23% and a net margin of 9.70%. During the same quarter in the previous year, the company posted $0.32 earnings per share.

Insider Activity

In other news, Senior Officer Tim Scott Gitzel sold 50,000 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of C$85.66, for a total transaction of C$4,283,000.00. Also, Senior Officer Brian Arthur Reilly sold 14,062 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of C$79.98, for a total value of C$1,124,678.76. Over the last 90 days, insiders sold 80,962 shares of company stock valued at $6,800,456. 0.15% of the stock is currently owned by company insiders.

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 given a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a yield of 0.22%. This is an increase from Cameco’s previous annual dividend of $0.12. Cameco’s payout ratio is presently 20.34%.

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.