Raymond James Financial Cuts Earnings Estimates for Cameco

Cameco Corporation (NYSE:CCJ) (TSE:CCO) – Analysts at Raymond James Financial reduced their FY2025 earnings per share estimates for Cameco in a report released on Wednesday, November 5th. Raymond James Financial analyst B. Macarthur now expects that the basic materials company will earn $0.95 per share for the year, down from their prior forecast of $1.12. The consensus estimate for Cameco’s current full-year earnings is $1.27 per share.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Wednesday, November 5th. The basic materials company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.17). The company 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 previous year, the firm posted ($0.01) earnings per share. Cameco has set its FY 2025 guidance at EPS.

CCJ has been the subject of a number of other research reports. President Capital raised shares of Cameco from a “neutral” rating to a “buy” rating in a research report on Monday, September 22nd. TD Securities reaffirmed a “buy” rating on shares of Cameco in a research note on Tuesday, August 5th. BMO Capital Markets reissued an “outperform” rating on shares of Cameco in a research note on Friday, August 29th. Scotiabank reaffirmed an “outperform” rating on shares of Cameco in a research report on Wednesday, October 29th. Finally, National Bankshares reiterated an “outperform” rating on shares of Cameco in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $108.04.

Cameco Price Performance

Shares of CCJ opened at $92.49 on Monday. The business has a 50-day moving average of $87.41 and a 200-day moving average of $74.33. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.96 and a quick ratio of 2.00. The company has a market capitalization of $40.27 billion, a price-to-earnings ratio of 106.31 and a beta of 0.98. Cameco has a 1 year low of $35.00 and a 1 year high of $110.15.

Cameco Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Monday, December 1st will be given a dividend of $0.24 per share. This is a boost 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 payout ratio is currently 19.77%.

Institutional Investors Weigh In On Cameco

Hedge funds have recently added to or reduced their stakes in the company. Bison Wealth LLC lifted its holdings in shares of Cameco by 16.1% in the 4th quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company’s stock worth $1,102,000 after purchasing an additional 2,975 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Cameco by 66.9% during the first quarter. Envestnet Asset Management Inc. now owns 447,581 shares of the basic materials company’s stock worth $18,422,000 after buying an additional 179,387 shares during the last quarter. TD Private Client Wealth LLC bought a new position in shares of Cameco in the first quarter valued at $107,000. Axxcess Wealth Management LLC bought a new position in shares of Cameco in the first quarter valued at $215,000. Finally, Cerity Partners LLC grew its holdings in shares of Cameco by 10.8% during the first quarter. Cerity Partners LLC now owns 25,387 shares of the basic materials company’s stock valued at $1,045,000 after buying an additional 2,479 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

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.