What is Scotiabank’s Estimate for Cameco FY2027 Earnings?

Cameco Corporation (NYSE:CCJ) (TSE:CCO) – Analysts at Scotiabank dropped their FY2027 EPS estimates for Cameco in a research report issued on Tuesday, July 7th. Scotiabank analyst O. Wowkodaw now expects that the basic materials company will post earnings of $1.30 per share for the year, down from their previous forecast 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.

CCJ has been the topic of several other research reports. TD Securities cut Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. William Blair initiated coverage on Cameco in a research note on Monday, April 20th. They issued an “outperform” rating on the stock. Weiss Ratings cut Cameco from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Barclays started coverage on shares of Cameco in a report on Thursday, May 21st. They set an “equal weight” rating and a $108.00 price objective on the stock. Finally, Royal Bank Of Canada boosted their target price on shares of Cameco from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Monday, June 29th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $148.92.

Cameco Trading Down 2.9%

Cameco stock opened at $94.72 on Wednesday. Cameco has a 52 week low of $68.96 and a 52 week high of $135.24. The stock has a 50-day moving average price of $108.18 and a 200 day moving average price of $110.82. The stock has a market cap 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 current ratio of 3.08, a quick ratio of 2.09 and a debt-to-equity ratio of 0.14.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $598.63 million. During the same period in the prior year, the business posted $0.16 earnings per share. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year.

Institutional Investors Weigh In On Cameco

A number of large investors have recently modified their holdings of the stock. Norges Bank acquired a new position in Cameco during the 4th quarter valued at approximately $443,265,000. Marshall Wace LLP grew its stake in Cameco by 7,481.3% during the 4th quarter. Marshall Wace LLP now owns 1,752,571 shares of the basic materials company’s stock worth $160,343,000 after buying an additional 1,729,454 shares during the last quarter. Van ECK Associates Corp grew its stake in Cameco by 43.3% during the 3rd quarter. Van ECK Associates Corp now owns 5,443,807 shares of the basic materials company’s stock worth $456,530,000 after buying an additional 1,644,061 shares during the last quarter. Mizuho Markets Cayman LP acquired a new stake in Cameco in the third quarter worth $128,370,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in Cameco by 14,338.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,112,080 shares of the basic materials company’s stock worth $101,744,000 after buying an additional 1,104,378 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

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.