National Bank Financial Lowers Earnings Estimates for Cameco

Cameco Corporation (NYSE:CCJ) (TSE:CCO) – Stock analysts at National Bank Financial lowered their FY2025 earnings per share estimates for shares of Cameco in a research note issued to investors on Wednesday, July 23rd. National Bank Financial analyst M. Sidibe now forecasts that the basic materials company will post earnings of $1.03 per share for the year, down from their prior forecast of $1.10. The consensus estimate for Cameco’s current full-year earnings is $1.27 per share. National Bank Financial also issued estimates for Cameco’s FY2026 earnings at $1.01 EPS.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). Cameco had a net margin of 7.50% and a return on equity of 4.47%. The business had revenue of $549.58 million for the quarter, compared to analysts’ expectations of $890.07 million. During the same quarter in the prior year, the firm earned $0.13 EPS. The firm’s revenue for the quarter was up 24.4% on a year-over-year basis.

A number of other research analysts also recently issued reports on the company. Wall Street Zen upgraded Cameco from a “sell” rating to a “hold” rating in a report on Tuesday, May 13th. The Goldman Sachs Group upped their target price on Cameco from $65.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, June 11th. Desjardins began coverage on Cameco in a report on Friday, April 4th. They set a “buy” rating on the stock. UBS Group reiterated a “buy” rating on shares of Cameco in a report on Tuesday, June 10th. Finally, Royal Bank Of Canada upped their target price on Cameco from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, June 20th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Cameco presently has a consensus rating of “Buy” and an average price target of $80.65.

Cameco Stock Down 0.6%

Shares of NYSE:CCJ opened at $78.68 on Monday. Cameco has a 1 year low of $35.00 and a 1 year high of $80.32. The company has a market cap of $34.26 billion, a PE ratio of 196.71 and a beta of 1.03. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.70 and a quick ratio of 1.26. The stock’s 50-day moving average is $69.16 and its 200 day moving average is $53.84.

Hedge Funds Weigh In On Cameco

Several hedge funds and other institutional investors have recently modified their holdings of CCJ. Manchester Capital Management LLC lifted its holdings in shares of Cameco by 100.0% during the 1st quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company’s stock valued at $25,000 after buying an additional 300 shares during the period. Hurley Capital LLC bought a new position in shares of Cameco during the 4th quarter valued at $27,000. Dagco Inc. bought a new position in shares of Cameco during the 1st quarter valued at $28,000. SVB Wealth LLC bought a new position in shares of Cameco during the 1st quarter valued at $29,000. Finally, Trust Co. of Vermont lifted its holdings in shares of Cameco by 1,029.4% during the 2nd quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company’s stock valued at $29,000 after buying an additional 350 shares during the period. 70.21% of the stock is owned by institutional investors.

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.