Scotiabank Analysts Decrease Earnings Estimates for Cameco

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Stock analysts at Scotiabank cut their FY2027 earnings estimates for shares of Cameco in a research note issued to investors on Thursday, February 19th. Scotiabank analyst O. Wowkodaw now expects that the company will post earnings per share of $2.03 for the year, down from their prior estimate of $2.13. Scotiabank has a “Outperform” rating and a $150.00 price objective on the stock.

Cameco (TSE:CCO) (NYSE:CCJ) last released its quarterly earnings data on Friday, February 13th. The company reported C$0.50 earnings per share (EPS) for the quarter. The firm had revenue of C$1.20 billion for the quarter. Cameco had a net margin of 4.17% and a return on equity of 1.89%.

Other research analysts have also issued reports about the company. BMO Capital Markets boosted their price target on Cameco from C$130.00 to C$160.00 in a research report on Tuesday, November 4th. National Bank Financial lifted their target price on Cameco from C$145.00 to C$175.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. TD Securities boosted their target price on shares of Cameco from C$150.00 to C$185.00 in a report on Thursday, January 22nd. Canaccord Genuity Group lowered their price target on shares of Cameco from C$190.00 to C$185.00 in a report on Tuesday, February 17th. Finally, Bank of America lifted their price objective on shares of Cameco from C$130.00 to C$175.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$172.38.

Cameco Stock Up 1.7%

Cameco stock opened at C$165.86 on Friday. The company has a quick ratio of 3.74, a current ratio of 2.88 and a debt-to-equity ratio of 20.35. The firm has a market cap of C$72.24 billion, a P/E ratio of 122.86, a P/E/G ratio of 2.22 and a beta of 1.24. The business has a fifty day moving average of C$149.32 and a two-hundred day moving average of C$129.25. Cameco has a twelve month low of C$49.75 and a twelve month high of C$182.72.

Cameco Company Profile

Cameco is one of the world’s largest uranium producers. When operating at normal production, the flagship McArthur River mine in Saskatchewan accounts for roughly 50% of output in normal market conditions. Amid years of uranium price weakness, the company has reduced production, instead purchasing from the spot market to meet contracted deliveries. In the long term, Cameco has the ability increase annual uranium production by restarting shut mines and investing in new ones. In addition to its large uranium mining business, Cameco operates uranium conversion and fabrication facilities.