Scotiabank Comments on Cameco’s FY2027 Earnings (TSE:CCO)

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Scotiabank dropped their FY2027 earnings estimates for shares of Cameco in a report released on Tuesday, July 7th. Scotiabank analyst O. Wowkodaw now expects that the company will post earnings per share of $1.85 for the year, down from their prior estimate of $1.86.

Other equities research analysts also recently issued reports about the company. William Blair raised Cameco to a “strong-buy” rating in a research note on Monday, April 20th. Canaccord Genuity Group lifted their target price on Cameco from C$185.00 to C$195.00 in a research note on Wednesday, May 6th. Barclays set a C$149.00 target price on Cameco and gave the company an “equal weight” rating in a report on Friday, May 22nd. Scotia increased their price target on shares of Cameco from C$150.00 to C$175.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, May 6th. Finally, TD Securities cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$175.43.

Cameco Stock Performance

Shares of CCO stock opened at C$134.43 on Wednesday. Cameco has a 1-year low of C$94.96 and a 1-year high of C$182.72. The company has a current ratio of 3.08, a quick ratio of 3.74 and a debt-to-equity ratio of 14.11. The company has a market capitalization of C$58.55 billion, a price-to-earnings ratio of 90.22, a P/E/G ratio of 2.22 and a beta of 0.81. The stock’s fifty day simple moving average is C$150.70 and its 200-day simple moving average is C$152.93.

Cameco (TSE:CCO) (NYSE:CCJ) last announced its earnings results on Tuesday, May 5th. The company reported C$0.47 earnings per share (EPS) for the quarter. The company had revenue of C$845.37 million for the quarter. Cameco had a net margin of 18.39% and a return on equity of 9.47%.

Insider Activity

In related news, insider Alexandre Aubin sold 300 shares of the stock in a transaction on Thursday, June 25th. The stock was sold at an average price of C$148.53, for a total transaction of C$44,559.00. Following the completion of the sale, the insider directly owned 20 shares in the company, valued at approximately C$2,970.60. This trade represents a 93.75% decrease in their ownership of the stock. Corporate insiders own 0.15% of the company’s stock.

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.