Cameco Maintained at Buy at Stifel Canada Following Q3 Results; Price Target Kept at C$165.00

MT Newswires Live
Nov 07

Stifel Canada on Tuesday reiterated its buy rating on the shares of Cameco (CCO.TO, CCJ) and its C$165.00 price target following the uranium producer's third-quarter results.

"Cameco reported Q3/25 adjusted EPS of $0.07 vs. our $0.24 (consensus $0.28) and adjusted EBITDA of $310Mln vs. our $448Mln (consensus $407Mln) on uranium sales of 6.1Mln lbs vs. implied guidance of 8.5-9.4Mln lbs (-21% vs. consensus 7.7Mln lbs) and attributable Westinghouse EBITDA of $124Mln (-9% vs. our $136Mln and -11% vs. consensus $140Mln). FY25 uranium sales guidance was narrowed to 32-34Mln lbs (from 31-34Mln lbs) with lower market purchases of 1.0Mln lbs expected with the utilization of product loan facilities. As a reminder, the collective bargaining agreement (CBA) with Local 8914 at McArthur River expires Dec-2025," analyst Ralph Profiti wrote.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 127.31, Change: -7.14, Percent Change: -5.31

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10