Scotiabank Forecasts Cameco’s FY2027 Earnings (NYSE:CCJ)

Cameco Corporation (NYSE:CCJ) (TSE:CCO) – Stock analysts at Scotiabank boosted their FY2027 earnings estimates for Cameco in a research note issued on Tuesday, October 13th. Scotiabank analyst O. Wowkodaw now expects that the basic materials company will post earnings per share of $1.44 for the year, up from their previous estimate of $1.30. The consensus estimate for Cameco’s current full-year earnings is $1.07 per share.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Friday, July 31st. The basic materials company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.13). Cameco had a return on equity of 7.59% and a net margin of 10.20%. The firm had revenue of $573.06 million during the quarter, compared to analysts’ expectations of $579.60 million. During the same period in the previous year, the firm earned $0.71 earnings per share. The firm’s quarterly revenue was down 6.8% compared to the same quarter last year.

A number of other equities analysts have also recently issued reports on the stock. Truist Financial boosted their price objective on shares of Cameco from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Bank of America lowered their price objective on shares of Cameco from $143.00 to $140.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Zacks Research lowered shares of Cameco from a “hold” rating to a “strong sell” rating in a report on Monday, October 5th. Barclays dropped their target price on shares of Cameco from $104.00 to $97.00 and set an “equal weight” rating for the company in a report on Tuesday, August 4th. Finally, Royal Bank Of Canada raised their target price on Cameco from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. Twelve investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $148.68.

Cameco Trading Up 0.1%

Shares of CCJ opened at $86.20 on Wednesday. The stock has a market capitalization of $37.54 billion, a P/E ratio of 146.11, a PEG ratio of 1.76 and a beta of 1.17. The company has a quick ratio of 2.10, a current ratio of 3.06 and a debt-to-equity ratio of 0.14. The firm has a fifty day simple moving average of $94.89 and a two-hundred day simple moving average of $101.94. Cameco has a twelve month low of $77.70 and a twelve month high of $135.24.

Institutional Trading of Cameco

Large investors have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC purchased a new stake in shares of Cameco in the 1st quarter worth about $30,000. Brown Lisle Cummings Inc. increased its position in shares of Cameco by 3,200.0% during the first quarter. Brown Lisle Cummings Inc. now owns 297 shares of the basic materials company’s stock valued at $32,000 after buying an additional 288 shares during the period. Western Wealth Management LLC bought a new position in Cameco in the first quarter worth about $39,000. CX Institutional raised its stake in Cameco by 2,181.2% in the third quarter. CX Institutional now owns 365 shares of the basic materials company’s stock worth $32,000 after buying an additional 349 shares in the last quarter. Finally, Copos Capital S.a r.l. bought a new position in Cameco in the fourth quarter worth about $35,000. Institutional investors own 70.21% of the company’s stock.

Cameco Company Profile

Cameco Corporation is a Canadian uranium company headquartered in Saskatoon, Saskatchewan. It is one of the world’s major suppliers of uranium, producing uranium concentrates used to generate nuclear power. The company’s operations span uranium exploration, mining, milling, refining, conversion and fuel manufacturing.

Cameco operates or has interests in uranium assets in Canada, the United States and Kazakhstan. Its Canadian portfolio includes the McArthur River and Cigar Lake mines and the Key Lake and McClean Lake milling operations in northern Saskatchewan.