Raymond James Issues Positive Estimate for Cameco Earnings

Cameco Co. (NYSE:CCJ) (TSE:CCO) – Investment analysts at Raymond James lifted their Q1 2025 earnings per share (EPS) estimates for shares of Cameco in a report issued on Thursday, November 21st. Raymond James analyst B. Macarthur now expects that the basic materials company will earn $0.34 per share for the quarter, up from their prior forecast of $0.33. The consensus estimate for Cameco’s current full-year earnings is $0.70 per share. Raymond James also issued estimates for Cameco’s Q4 2025 earnings at $0.45 EPS and FY2025 earnings at $1.54 EPS.

Other equities research analysts have also recently issued research reports about the company. Scotiabank lowered their price target on Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. National Bank Financial upgraded shares of Cameco to a “strong-buy” rating in a research note on Tuesday, September 3rd. Cantor Fitzgerald upgraded shares of Cameco from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 31st. Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a report on Friday, October 4th. Finally, Glj Research restated a “buy” rating and set a $63.73 target price on shares of Cameco in a report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, five have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $66.56.

Cameco Stock Performance

Shares of CCJ stock opened at $58.10 on Monday. Cameco has a fifty-two week low of $35.43 and a fifty-two week high of $60.98. The stock’s 50-day moving average is $52.01 and its two-hundred day moving average is $48.69. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The firm has a market cap of $25.28 billion, a P/E ratio of 305.78 and a beta of 0.89.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). The company had revenue of $721.00 million during the quarter, compared to analyst estimates of $646.83 million. Cameco had a return on equity of 3.33% and a net margin of 4.15%. The company’s revenue was up 25.4% compared to the same quarter last year. During the same period last year, the company posted $0.24 earnings per share.

Cameco Increases Dividend

The company also recently announced an annual dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be issued a $0.118 dividend. This represents a yield of 0.22%. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from Cameco’s previous annual dividend of $0.09. Cameco’s dividend payout ratio (DPR) is 47.37%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CCJ. Price T Rowe Associates Inc. MD increased its stake in shares of Cameco by 3.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,514,500 shares of the basic materials company’s stock worth $282,210,000 after purchasing an additional 202,157 shares during the period. William Blair Investment Management LLC lifted its holdings in shares of Cameco by 6.8% during the second quarter. William Blair Investment Management LLC now owns 4,160,009 shares of the basic materials company’s stock worth $204,672,000 after buying an additional 265,196 shares during the last quarter. Driehaus Capital Management LLC boosted its position in shares of Cameco by 4.7% in the second quarter. Driehaus Capital Management LLC now owns 3,915,086 shares of the basic materials company’s stock valued at $192,622,000 after acquiring an additional 176,183 shares during the period. CIBC Asset Management Inc grew its stake in shares of Cameco by 58.0% in the third quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock worth $181,382,000 after acquiring an additional 1,386,639 shares during the last quarter. Finally, Cibc World Market Inc. increased its position in Cameco by 3.7% during the second quarter. Cibc World Market Inc. now owns 3,272,805 shares of the basic materials company’s stock worth $161,022,000 after acquiring an additional 117,722 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

About Cameco

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.