Raymond James Issues Negative Forecast for Cameco Earnings

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Research analysts at Raymond James reduced their Q1 2025 earnings per share estimates for Cameco in a report released on Thursday, January 2nd. Raymond James analyst B. Macarthur now expects that the company will post earnings of $0.32 per share for the quarter, down from their previous forecast of $0.47. Raymond James also issued estimates for Cameco’s Q2 2025 earnings at $0.49 EPS, Q3 2025 earnings at $0.48 EPS and FY2025 earnings at $2.06 EPS.

A number of other equities research analysts also recently weighed in on CCO. Eight Capital lifted their price objective on Cameco from C$80.00 to C$90.00 in a report on Friday, November 8th. Canaccord Genuity Group lifted their price objective on Cameco from C$75.00 to C$78.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a report on Friday, October 4th. Scotiabank lifted their price objective on Cameco from C$80.00 to C$86.00 in a report on Tuesday, November 19th. Finally, BMO Capital Markets lifted their price objective on Cameco from C$78.00 to C$84.00 in a report on Friday, November 8th. Seven investment analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$84.30.

Cameco Trading Up 2.1 %

Shares of CCO opened at C$76.70 on Monday. Cameco has a 12-month low of C$48.71 and a 12-month high of C$88.18. The company has a quick ratio of 3.74, a current ratio of 3.22 and a debt-to-equity ratio of 25.39. The firm has a market capitalization of C$33.38 billion, a price-to-earnings ratio of 130.00, a P/E/G ratio of 2.22 and a beta of 0.90. The stock’s 50-day moving average price is C$77.64 and its 200 day moving average price is C$68.32.

Cameco Increases Dividend

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

Insider Transactions at Cameco

In related news, Senior Officer Lisa Lorene Aitken sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of C$75.19, for a total value of C$150,380.00. Also, Senior Officer Brian Arthur Reilly sold 14,062 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of C$79.98, for a total transaction of C$1,124,678.76. Insiders have sold 80,962 shares of company stock valued at $6,800,456 in the last three months. 0.15% of the stock is owned by corporate insiders.

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.