What is Scotiabank’s Estimate for Cameco FY2025 Earnings?

Cameco Corporation (NYSE:CCJ) (TSE:CCO) – Equities researchers at Scotiabank reduced their FY2025 earnings per share estimates for shares of Cameco in a research note issued on Friday, November 28th. Scotiabank analyst O. Wowkodaw now expects that the basic materials company will earn $1.02 per share for the year, down from their prior forecast of $1.05. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for Cameco’s current full-year earnings is $1.27 per share. Scotiabank also issued estimates for Cameco’s FY2026 earnings at $1.01 EPS.

A number of other research firms also recently issued reports on CCJ. Royal Bank Of Canada cut their price objective on shares of Cameco from $160.00 to $150.00 and set an “outperform” rating for the company in a report on Thursday, November 13th. BMO Capital Markets reiterated an “outperform” rating on shares of Cameco in a research report on Friday, August 29th. Wall Street Zen downgraded Cameco from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Raymond James Financial raised their price objective on Cameco to $150.00 in a research note on Wednesday, October 29th. Finally, National Bankshares reiterated an “outperform” rating on shares of Cameco in a research report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $113.75.

Cameco Trading Down 0.1%

CCJ stock opened at $88.74 on Monday. Cameco has a 52 week low of $35.00 and a 52 week high of $110.15. The company has a market capitalization of $38.64 billion, a PE ratio of 102.00 and a beta of 0.98. The company’s 50-day simple moving average is $88.92 and its 200 day simple moving average is $77.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.00 and a current ratio of 2.96.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Wednesday, November 5th. The basic materials company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.17). The firm had revenue of $313.74 million for the quarter, compared to analyst estimates of $531.72 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%.The firm’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.01) EPS. Cameco has set its FY 2025 guidance at EPS.

Hedge Funds Weigh In On Cameco

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Financial Consulate Inc. acquired a new stake in shares of Cameco during the third quarter valued at about $25,000. Strategic Advocates LLC bought a new position in Cameco in the 3rd quarter valued at approximately $28,000. Armstrong Advisory Group Inc. boosted its position in Cameco by 110.3% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 347 shares of the basic materials company’s stock worth $29,000 after buying an additional 182 shares during the period. Sunbelt Securities Inc. boosted its position in Cameco by 928.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock worth $30,000 after buying an additional 325 shares during the period. Finally, Trust Co. of Vermont grew its holdings in Cameco by 1,029.4% during the 2nd quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 350 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Tuesday, December 16th. Investors of record on Monday, December 1st will be issued a dividend of $0.24 per share. This is a positive change from Cameco’s previous annual dividend of $0.12. The ex-dividend date of this dividend is Monday, December 1st. This represents a dividend yield of 25.0%. Cameco’s dividend payout ratio (DPR) is 19.77%.

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.