Desjardins Has Bearish Outlook for Cameco FY2025 Earnings

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Investment analysts at Desjardins reduced their FY2025 earnings per share estimates for shares of Cameco in a report released on Wednesday, October 1st. Desjardins analyst B. Adams now expects that the company will post earnings per share of $1.46 for the year, down from their prior estimate of $1.55. Desjardins currently has a “Buy” rating and a $110.00 price objective on the stock.

Other equities research analysts also recently issued research reports about the stock. Canaccord Genuity Group lifted their target price on shares of Cameco from C$92.00 to C$115.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Berenberg Bank raised their price target on Cameco from C$75.00 to C$96.00 in a research note on Tuesday, June 10th. National Bankshares upped their price objective on Cameco from C$110.00 to C$115.00 and gave the company an “outperform” rating in a research report on Friday, August 22nd. TD Securities increased their target price on Cameco from C$115.00 to C$117.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Finally, Stifel Nicolaus upped their price target on shares of Cameco from C$105.00 to C$115.00 in a research report on Tuesday, July 22nd. Three equities research analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$113.46.

Cameco Price Performance

CCO opened at C$117.54 on Friday. The company’s 50-day simple moving average is C$108.61 and its two-hundred day simple moving average is C$88.39. The company has a debt-to-equity ratio of 20.35, a quick ratio of 3.74 and a current ratio of 2.88. The stock has a market capitalization of C$51.18 billion, a P/E ratio of 96.34, a P/E/G ratio of 2.22 and a beta of 1.13. Cameco has a 52-week low of C$49.75 and a 52-week high of C$123.50.

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.