Raymond James Issues Negative Forecast for Cameco Earnings

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Analysts at Raymond James dropped their Q1 2025 earnings per share (EPS) estimates for Cameco in a report issued on Thursday, January 2nd. Raymond James analyst B. Macarthur now anticipates that the company will post earnings of $0.32 per share for the quarter, down from their previous forecast of $0.47. Raymond James also issued estimates for Cameco’s Q2 2025 earnings at $0.49 EPS, Q3 2025 earnings at $0.48 EPS and FY2025 earnings at $2.06 EPS.

Other equities analysts also recently issued research reports about the stock. Scotiabank lifted their price objective on shares of Cameco from C$80.00 to C$86.00 in a report on Tuesday, November 19th. Eight Capital lifted their price target on shares of Cameco from C$80.00 to C$90.00 in a report on Friday, November 8th. Royal Bank of Canada increased their price objective on shares of Cameco from C$75.00 to C$90.00 in a research note on Thursday, November 21st. Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a research note on Friday, October 4th. Finally, BMO Capital Markets increased their price target on Cameco from C$78.00 to C$84.00 in a research report on Friday, November 8th. Seven analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, Cameco presently has a consensus rating of “Buy” and an average target price of C$84.30.

Cameco Price Performance

Shares of CCO opened at C$74.11 on Monday. Cameco has a 52 week low of C$48.71 and a 52 week high of C$88.18. The company has a current ratio of 3.22, a quick ratio of 3.74 and a debt-to-equity ratio of 25.39. The firm has a market cap of C$32.25 billion, a price-to-earnings ratio of 125.61, a PEG ratio of 2.22 and a beta of 0.90. The stock has a 50 day moving average of C$77.68 and a 200-day moving average of C$68.34.

Cameco Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were given a dividend of $0.16 per share. This represents a yield of 0.22%. The ex-dividend date was Wednesday, November 27th. This is a positive change from Cameco’s previous annual dividend of $0.12. Cameco’s payout ratio is 20.34%.

Insider Transactions at Cameco

In related news, Senior Officer Tim Scott Gitzel sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of C$85.66, for a total transaction of C$4,283,000.00. Also, Senior Officer Brian Arthur Reilly sold 14,062 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of C$79.98, for a total value of C$1,124,678.76. Over the last quarter, insiders sold 80,962 shares of company stock valued at $6,800,456. 0.15% of the stock is currently owned by corporate insiders.

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.