Desjardins Issues Pessimistic Estimate for Cameco Earnings

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Research analysts at Desjardins dropped their FY2025 earnings per share (EPS) estimates for Cameco in a research report issued on Wednesday, November 5th. Desjardins analyst B. Adams now expects that the company will post earnings per share of $1.07 for the year, down from their prior forecast of $1.46. Desjardins has a “Buy” rating and a $110.00 price objective on the stock. Desjardins also issued estimates for Cameco’s FY2027 earnings at $2.34 EPS.

A number of other equities research analysts have also weighed in on the stock. CLSA upgraded shares of Cameco to a “moderate buy” rating in a report on Tuesday, September 9th. TD Securities raised their target price on shares of Cameco from C$118.00 to C$142.00 in a research report on Tuesday, October 21st. Bank of America lifted their price target on shares of Cameco from C$130.00 to C$175.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Canaccord Genuity Group boosted their price target on Cameco from C$92.00 to C$115.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Finally, Scotiabank increased their price objective on Cameco from C$130.00 to C$150.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Two analysts have rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$141.24.

Cameco Stock Up 2.1%

Shares of CCO opened at C$132.13 on Monday. The firm has a fifty day moving average price of C$121.26 and a 200-day moving average price of C$102.30. The company has a current ratio of 2.88, a quick ratio of 3.74 and a debt-to-equity ratio of 20.35. The firm has a market capitalization of C$57.53 billion, a P/E ratio of 109.20, a P/E/G ratio of 2.22 and a beta of 1.28. Cameco has a 12-month low of C$49.75 and a 12-month high of C$153.59.

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.