Raymond James Issues Negative Forecast for Cameco Earnings

Cameco Co. (NYSE:CCJ) (TSE:CCO) – Equities researchers at Raymond James dropped their Q1 2025 earnings per share estimates for shares of Cameco in a research report issued to clients and investors on Thursday, February 20th. Raymond James analyst B. Macarthur now anticipates that the basic materials company will post earnings per share of $0.16 for the quarter, down from their previous estimate of $0.22. The consensus estimate for Cameco’s current full-year earnings is $1.27 per share. Raymond James also issued estimates for Cameco’s Q2 2025 earnings at $0.33 EPS and FY2025 earnings at $1.27 EPS.

Separately, StockNews.com raised Cameco from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. One investment analyst has rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $66.56.

Cameco Stock Up 0.6 %

Shares of Cameco stock opened at $43.55 on Monday. 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 12 month low of $35.43 and a 12 month high of $62.55. The business has a fifty day simple moving average of $50.57 and a 200 day simple moving average of $49.86. The stock has a market cap of $18.96 billion, a PE ratio of 155.54 and a beta of 0.94.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The company had revenue of $845.54 million during the quarter, compared to analysts’ expectations of $1.09 billion.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Polar Asset Management Partners Inc. grew its stake in Cameco by 337.2% in the fourth quarter. Polar Asset Management Partners Inc. now owns 98,376 shares of the basic materials company’s stock valued at $5,055,000 after acquiring an additional 75,876 shares during the period. Hall Capital Management Co. Inc. acquired a new position in Cameco in the fourth quarter valued at about $204,000. Ameriflex Group Inc. acquired a new position in Cameco in the fourth quarter valued at about $40,000. Jupiter Wealth Management LLC acquired a new position in shares of Cameco in the fourth quarter valued at approximately $514,000. Finally, Formidable Asset Management LLC boosted its holdings in shares of Cameco by 13.4% in the fourth quarter. Formidable Asset Management LLC now owns 18,756 shares of the basic materials company’s stock valued at $964,000 after buying an additional 2,215 shares during the period. 70.21% of the stock is owned by institutional investors and hedge funds.

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.