What is Scotiabank’s Forecast for Cameco FY2027 Earnings?

Cameco Corporation (NYSE:CCJ) (TSE:CCO) – Equities research analysts at Scotiabank cut their FY2027 earnings per share (EPS) estimates for Cameco in a research report issued to clients and investors on Tuesday, July 7th. Scotiabank analyst O. Wowkodaw now forecasts that the basic materials company will earn $1.30 per share for the year, down from their prior estimate of $1.37. Scotiabank currently has a “Outperform” rating and a $175.00 target price on the stock. The consensus estimate for Cameco’s current full-year earnings is $1.21 per share.

Other analysts have also recently issued reports about the stock. Sanford C. Bernstein reissued an “outperform” rating and issued a $135.00 price objective on shares of Cameco in a research note on Monday, June 15th. Barclays assumed coverage on shares of Cameco in a research note on Thursday, May 21st. They set an “equal weight” rating and a $108.00 price target on the stock. TD Securities cut Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Weiss Ratings cut shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Finally, William Blair assumed coverage on Cameco in a research note on Monday, April 20th. They issued an “outperform” rating on the stock. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Cameco currently has a consensus rating of “Moderate Buy” and an average price target of $148.92.

Cameco Stock Performance

Shares of CCJ stock opened at $94.72 on Wednesday. The firm has a market capitalization of $41.25 billion, a PE ratio of 87.70, a P/E/G ratio of 1.78 and a beta of 1.02. The company has a quick ratio of 2.09, a current ratio of 3.08 and a debt-to-equity ratio of 0.14. Cameco has a 52 week low of $68.96 and a 52 week high of $135.24. The company has a 50 day moving average price of $108.18 and a 200-day moving average price of $110.82.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The company had revenue of $607.49 million during the quarter, compared to the consensus estimate of $598.63 million. During the same period in the prior year, the firm earned $0.16 earnings per share. Cameco’s revenue was up 7.1% on a year-over-year basis.

Institutional Trading of Cameco

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Sterling Capital Management LLC acquired a new position in shares of Cameco during the first quarter valued at approximately $30,000. Nisa Investment Advisors LLC acquired a new stake in Cameco during the fourth quarter worth $25,000. Brown Lisle Cummings Inc. raised its holdings in Cameco by 3,200.0% in the 1st quarter. Brown Lisle Cummings Inc. now owns 297 shares of the basic materials company’s stock valued at $32,000 after buying an additional 288 shares during the period. Founders Capital Management acquired a new position in shares of Cameco in the 4th quarter worth approximately $27,000. Finally, Mcguire Capital Advisors Inc. purchased a new position in shares of Cameco during the fourth quarter worth $28,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

About Cameco

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.