Scotiabank Has Negative Forecast for Cameco FY2027 Earnings

Cameco Corporation (NYSE:CCJ) (TSE:CCO) – Equities research analysts at Scotiabank cut their FY2027 earnings estimates for shares of Cameco in a research report issued to clients and investors on Thursday, February 19th. Scotiabank analyst O. Wowkodaw now anticipates that the basic materials company will post earnings per share of $1.48 for the year, down from their prior forecast of $1.53. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for Cameco’s current full-year earnings is $1.27 per share.

Several other equities research analysts also recently commented on CCJ. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cameco in a research note on Monday, December 29th. UBS Group began coverage on shares of Cameco in a report on Monday, November 10th. They issued a “neutral” rating and a $140.00 price target on the stock. Zacks Research downgraded Cameco from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Glj Research reissued a “buy” rating and issued a $171.20 price objective (up previously from $100.00) on shares of Cameco in a report on Wednesday. Finally, National Bank Financial restated an “outperform” rating on shares of Cameco in a research note on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Cameco currently has a consensus rating of “Moderate Buy” and an average price target of $143.03.

Cameco Stock Up 2.1%

Cameco stock opened at $118.99 on Friday. The business has a fifty day moving average of $108.19 and a two-hundred day moving average of $92.95. Cameco has a twelve month low of $35.00 and a twelve month high of $135.24. The company has a quick ratio of 1.85, a current ratio of 2.47 and a debt-to-equity ratio of 0.14. The firm has a market cap of $51.82 billion, a P/E ratio of 122.83 and a beta of 0.99.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Friday, February 13th. The basic materials company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.29 by $0.07. The company had revenue of $874.57 million during the quarter, compared to analyst estimates of $782.13 million. Cameco had a net margin of 17.00% and a return on equity of 9.35%. Cameco’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.36 earnings per share.

Institutional Investors Weigh In On Cameco

A number of hedge funds have recently bought and sold shares of CCJ. Vanguard Group Inc. raised its stake in shares of Cameco by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 18,059,335 shares of the basic materials company’s stock worth $1,653,639,000 after purchasing an additional 258,193 shares during the last quarter. Capital World Investors increased its stake in shares of Cameco by 0.3% during the 4th quarter. Capital World Investors now owns 13,545,354 shares of the basic materials company’s stock worth $1,240,047,000 after purchasing an additional 41,430 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Cameco by 0.7% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,973,799 shares of the basic materials company’s stock valued at $1,089,080,000 after purchasing an additional 85,762 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Cameco by 41.4% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,076,815 shares of the basic materials company’s stock worth $524,988,000 after purchasing an additional 2,071,373 shares during the period. Finally, Van ECK Associates Corp increased its position in Cameco by 15.6% during the 4th quarter. Van ECK Associates Corp now owns 6,292,995 shares of the basic materials company’s stock worth $575,771,000 after purchasing an additional 849,188 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Company Profile

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.