Raymond James Equities Analysts Increase Earnings Estimates for Cameco Co. (TSE:CCO)

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Investment analysts at Raymond James raised their Q3 2024 earnings per share estimates for shares of Cameco in a research report issued to clients and investors on Tuesday, April 30th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings per share of $0.44 for the quarter, up from their previous forecast of $0.43. The consensus estimate for Cameco’s current full-year earnings is $1.58 per share. Raymond James also issued estimates for Cameco’s FY2024 earnings at $1.28 EPS.

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

CCO has been the subject of a number of other research reports. CIBC boosted their price objective on Cameco from C$72.00 to C$74.00 and gave the stock an “outperform” rating in a report on Wednesday, April 17th. Eight Capital upped their target price on Cameco from C$70.00 to C$80.00 and gave the company a “buy” rating in a report on Monday, January 15th. TD Securities cut their price target 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. Scotiabank upped their price objective on shares of Cameco from C$70.00 to C$71.00 in a report on Friday, February 9th. Finally, Royal Bank of Canada upped their price objective on shares of Cameco from C$70.00 to C$75.00 and gave the company an “outperform” rating in a report on Thursday. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$75.44.

Cameco Trading Up 2.6 %

Cameco stock opened at C$66.24 on Friday. Cameco has a 52 week low of C$35.65 and a 52 week high of C$72.37. The company has a debt-to-equity ratio of 32.27, a quick ratio of 3.74 and a current ratio of 1.55. The stock has a market capitalization of C$28.76 billion, a P/E ratio of 79.81, a PEG ratio of 2.22 and a beta of 0.94. The stock has a 50-day simple moving average of C$61.11 and a 200 day simple moving average of C$59.99.

Insider Activity

In related news, Senior Officer Sean Anthony Quinn sold 50,000 shares of Cameco stock in a transaction on Monday, April 1st. The shares were sold at an average price of C$63.25, for a total value of C$3,162,500.00. In related news, Senior Officer Sean Anthony Quinn sold 50,000 shares of the business’s 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. Also, Senior Officer Jonathan Huntington sold 12,333 shares of Cameco stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of C$54.77, for a total transaction of C$675,478.41. In the last quarter, insiders have sold 98,694 shares of company stock worth $6,095,228. 0.15% of the stock is currently owned by corporate insiders.

About Cameco

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.