What is Scotiabank’s Forecast for Cameco FY2025 Earnings?

Cameco Co. (NYSE:CCJ) (TSE:CCO) – Research analysts at Scotiabank upped their FY2025 earnings per share (EPS) estimates for shares of Cameco in a report released on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now expects that the basic materials company will post earnings of $0.82 per share for the year, up from their previous estimate of $0.68. The consensus estimate for Cameco’s current full-year earnings is $0.51 per share.

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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $66.56.

Cameco Stock Down 4.2 %

CCJ stock opened at $49.20 on Friday. Cameco has a 52 week low of $35.43 and a 52 week high of $62.55. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The company has a market cap of $21.41 billion, a P/E ratio of 258.96 and a beta of 0.95. The company’s 50-day moving average price is $54.75 and its 200 day moving average price is $49.27.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). The business had revenue of $721.00 million during the quarter, compared to analysts’ expectations of $646.83 million. Cameco had a net margin of 4.15% and a return on equity of 3.33%. The firm’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.24 earnings per share.

Cameco Increases Dividend

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

Institutional Trading of Cameco

Several large investors have recently modified their holdings of CCJ. Thurston Springer Miller Herd & Titak Inc. increased its position in Cameco by 71.5% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 238 shares in the last quarter. Pingora Partners LLC purchased a new stake in shares of Cameco during the third quarter worth about $33,000. First Horizon Advisors Inc. raised its position in shares of Cameco by 84.2% in the third quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock valued at $37,000 after buying an additional 351 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Cameco during the third quarter valued at approximately $38,000. Finally, JFS Wealth Advisors LLC boosted its position in Cameco by 130.6% during the third quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 550 shares during the last quarter. 70.21% of the stock is currently 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.