Overview

* Cameco ( CCJ ) Q3 revenue declines 15% yr/yr, adjusted net earnings rise 33%

* Company reports adjusted EPS of C$0.07, despite net loss for Q3

* Strategic partnership with US Government to deploy Westinghouse reactors

Outlook

* Cameco ( CCJ ) expects 2025 uranium production to be up to 20 million pounds

* Company reduces 2025 market purchase outlook to up to 1 million pounds

* Cameco ( CCJ ) narrows 2025 uranium sales guidance to 32 to 34 million pounds

Result Drivers

* SUPPLY FLEXIBILITY - Cameco ( CCJ ) adjusted supply levers such as market purchases and product loans to offset production shortfalls due to delays at McArthur River and Key Lake

* US PARTNERSHIP - New partnership with US Government and Brookfield to deploy Westinghouse reactors expected to drive future growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 C$615

Revenue mln

Q3 C$0.07

Adjusted

EPS

Q3 C$32 mln

Adjusted

Net

Income

Q3 Net -C$32

Income mln

Q3 Gross C$170

Profit mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the uranium peer group is "buy"

* Wall Street's median 12-month price target for Cameco Corp ( CCJ ) is C$142.00, about 3.8% above its November 4 closing price of C$136.66

* The stock recently traded at 69 times the next 12-month earnings vs. a P/E of 55 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)