National Bank Financial Cuts Earnings Estimates for Cameco

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Equities research analysts at National Bank Financial reduced their FY2025 EPS estimates for Cameco in a research note issued to investors on Monday, January 27th. National Bank Financial analyst M. Sidibe now anticipates that the company will post earnings per share of $1.55 for the year, down from their previous estimate of $1.64. National Bank Financial also issued estimates for Cameco’s FY2027 earnings at $2.27 EPS.

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

Several other brokerages have also recently weighed in on CCO. Raymond James lifted their price target on shares of Cameco from C$81.00 to C$88.00 in a research note on Friday, November 22nd. Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a research report on Friday, October 4th. Scotiabank boosted their price target on Cameco from C$80.00 to C$86.00 in a report on Tuesday, November 19th. Royal Bank of Canada raised their price objective on Cameco from C$75.00 to C$90.00 in a research note on Thursday, November 21st. Finally, National Bankshares boosted their price objective on Cameco from C$85.00 to C$87.00 in a research note on Friday, November 8th. Five equities research 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 a consensus rating of “Buy” and an average price target of C$84.30.

Cameco Stock Performance

Shares of TSE CCO opened at C$71.87 on Thursday. Cameco has a 12-month low of C$48.71 and a 12-month high of C$88.18. The firm has a market capitalization of C$31.28 billion, a price-to-earnings ratio of 121.81, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The company has a current ratio of 3.22, a quick ratio of 3.74 and a debt-to-equity ratio of 25.39. The firm has a 50 day moving average of C$77.12 and a 200 day moving average of C$68.84.

Insider Buying and Selling at Cameco

In related news, Senior Officer Tim Scott Gitzel sold 50,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$85.66, for a total value of C$4,283,000.00. Also, Senior Officer Lisa Lorene Aitken sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of C$81.17, for a total value of C$121,755.00. Insiders sold a total of 80,962 shares of company stock valued at $6,800,456 in the last three months. 0.15% of the stock is currently owned by corporate insiders.

Cameco Increases Dividend

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