Cameco Co. (TSE:CCO) Expected to Post Q1 2024 Earnings of $0.45 Per Share

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Research analysts at Raymond James raised their Q1 2024 earnings estimates for shares of Cameco in a research note issued on Monday, April 22nd. Raymond James analyst B. Macarthur now forecasts that the company will post earnings per share of $0.45 for the quarter, up from their prior forecast of $0.44. The consensus estimate for Cameco’s current full-year earnings is $1.69 per share. Raymond James also issued estimates for Cameco’s FY2024 earnings at $1.71 EPS.

Cameco (TSE:CCO) (NYSE:CCJ) last issued its earnings results on Thursday, February 8th. The company reported C$0.21 EPS for the quarter, missing analysts’ consensus estimates of C$0.28 by C($0.07). The business had revenue of C$844.00 million during the quarter. Cameco had a return on equity of 6.05% and a net margin of 13.94%.

A number of other equities analysts have also recently commented on the stock. CIBC lifted their target price on shares of Cameco from C$72.00 to C$74.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. Scotiabank boosted their price objective on shares of Cameco from C$70.00 to C$71.00 in a research report on Friday, February 9th. Bank of America boosted their price objective on shares of Cameco from C$76.00 to C$80.00 in a research report on Tuesday, April 9th. Eight Capital boosted their price objective on shares of Cameco from C$70.00 to C$80.00 and gave the company a “buy” rating in a research report on Monday, January 15th. Finally, TD Securities decreased their price objective on shares of Cameco from C$82.00 to C$79.00 and set an “action list buy” rating on the stock in a research report on Monday, February 12th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$73.33.

Cameco Price Performance

Shares of TSE:CCO opened at C$66.81 on Thursday. The stock has a market cap of C$29.01 billion, a PE ratio of 80.49, a PEG ratio of 2.22 and a beta of 0.94. The company’s fifty day moving average is C$59.97 and its 200 day moving average is C$59.41. Cameco has a 52 week low of C$34.59 and a 52 week high of C$72.37. The company has a quick ratio of 3.74, a current ratio of 1.55 and a debt-to-equity ratio of 32.27.

Insider Activity

In other news, Senior Officer Jonathan Huntington sold 12,333 shares of Cameco stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of C$54.77, for a total transaction of C$675,478.41. In other news, Senior Officer Jonathan Huntington sold 12,333 shares of Cameco stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of C$54.77, for a total transaction of C$675,478.41. Also, Senior Officer Sean Anthony Quinn sold 50,000 shares of Cameco stock in a transaction dated Monday, April 1st. The shares were sold at an average price of C$63.25, for a total transaction of C$3,162,500.00. In the last 90 days, insiders have sold 98,694 shares of company stock valued at $6,095,228. Corporate insiders own 0.15% of the company’s stock.

Cameco Company Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.