Cameco's FY2025 Earnings Outlook Enhanced by National Bank Financial

Cameco Co. (NYSE:CCJ – Free Report) (TSE:CCO) recently received an optimistic adjustment to its earnings projections from research analysts at National Bank Financial. In a note shared with investors on February 12th, National Bank Financial's analyst M. Sidibe raised the earnings forecast for the company's fiscal year 2025 to $1.12 per share. This update marks an increase from the previous estimate of $1.07 per share. To put this in perspective, the consensus estimation for Cameco's earnings for the current year stands at $0.44 per share.

Cameco Stock Overview

As of Monday, Cameco's shares opened at $47.22. The company boasts a market capitalization of approximately $20.56 billion, alongside a PE ratio of 248.56 and a beta value of 0.94, which indicates relatively low volatility compared to the broader market. In terms of financial health, Cameco holds a debt-to-equity ratio of 0.20, and its liquidity metrics show a quick ratio of 1.26 and a current ratio of 2.88. The company's stock performance over the past year has been notable, with a one-year low of $35.43 and a high reaching $62.55, as reflected in its 50-day and 200-day simple moving averages of $51.80 and $49.55 respectively.

Institutional Investors' Interest

Institutional and hedge fund investors have also shown a keen interest in Cameco's stock, with several funds adjusting their holdings recently. For instance, Glenmede Trust Co. NA reported a 2.1% increase in its holdings, bringing its total to 9,149 shares worth $437,000 after acquiring an additional 191 shares in the latest quarter. Similarly, S.A. Mason LLC raised its stake by 6.0% during the third quarter, bringing its total to 3,655 shares valued at $175,000. In a more substantial move, Larson Financial Group LLC increased its stake by 37.4% in the fourth quarter, now owning 830 shares valued at $43,000. Other funds like Two Sigma Investments LP and Heritage Wealth Management Inc. have also increased their holdings by modest margins. Altogether, institutional investors own about 70.21% of Cameco's stock, signaling significant confidence in the company's prospects.

About Cameco Corporation

Cameco Corporation plays a key role in the energy sector by supplying uranium for electricity generation. It operates through several segments, including Uranium, Fuel Services, and Westinghouse. The Uranium segment focuses on the exploration, mining, milling, purchase, and sale of uranium concentrate. Meanwhile, the Fuel Services segment is engaged in the refining, conversion, and fabrication of uranium concentrate, in addition to providing conversion services.

Cameco, Earnings, Forecast