Raymond James Analysts Raise Earnings Estimates for Cameco

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Raymond James upped their Q1 2025 EPS estimates for shares of Cameco in a research note issued to investors on Thursday, November 21st. Raymond James analyst B. Macarthur now expects that the company will post earnings per share of $0.47 for the quarter, up from their previous estimate of $0.46. Raymond James also issued estimates for Cameco’s Q2 2025 earnings at $0.53 EPS, Q4 2025 earnings at $0.62 EPS and FY2025 earnings at $2.14 EPS.

A number of other research firms have also recently commented on CCO. National Bank Financial raised Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a research note on Friday, October 4th. Eight Capital increased their target price on shares of Cameco from C$80.00 to C$90.00 in a report on Friday, November 8th. BMO Capital Markets upped their price objective on shares of Cameco from C$78.00 to C$84.00 in a research report on Friday, November 8th. Finally, Cantor Fitzgerald raised shares of Cameco from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 31st. Seven analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$84.30.

Cameco Stock Down 1.3 %

TSE CCO opened at C$84.01 on Monday. The business has a fifty day moving average price of C$69.61 and a two-hundred day moving average price of C$66.64. The stock has a market capitalization of C$36.56 billion, a PE ratio of 142.39, a PEG ratio of 2.22 and a beta of 0.90. Cameco has a fifty-two week low of C$48.71 and a fifty-two week high of C$85.18. 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 Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.16 per share. This represents a yield of 0.22%. This is a positive change from Cameco’s previous annual dividend of $0.12. The ex-dividend date of this dividend is Wednesday, November 27th. Cameco’s payout ratio is presently 20.34%.

Insider Activity

In other Cameco news, Senior Officer Brian Arthur Reilly sold 14,062 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of C$79.98, for a total transaction of C$1,124,678.76. Also, Senior Officer Sean Anthony Quinn sold 13,400 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of C$83.63, for a total transaction of C$1,120,642.00. Over the last 90 days, insiders sold 32,862 shares of company stock valued at $2,635,367. Insiders own 0.15% 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.