Q3 2024 Earnings Forecast for Cameco Co. Issued By Raymond James (TSE:CCO)

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Stock analysts at Raymond James dropped their Q3 2024 EPS estimates for shares of Cameco in a research note issued on Wednesday, July 31st. Raymond James analyst B. Macarthur now forecasts that the company will post earnings per share of $0.34 for the quarter, down from their prior estimate of $0.44. The consensus estimate for Cameco’s current full-year earnings is $1.49 per share. Raymond James also issued estimates for Cameco’s FY2024 earnings at $1.15 EPS, Q1 2025 earnings at $0.44 EPS, Q3 2025 earnings at $0.52 EPS, Q4 2025 earnings at $0.60 EPS and FY2025 earnings at $2.06 EPS.

Several other equities analysts have also recently commented on CCO. Royal Bank of Canada raised their price target on shares of Cameco from C$70.00 to C$75.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. Canaccord Genuity Group decreased their price target on shares of Cameco from C$80.00 to C$75.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Cantor Fitzgerald raised shares of Cameco from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Scotiabank decreased their price objective on shares of Cameco from C$85.00 to C$81.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, TD Securities lifted their price objective on shares of Cameco from C$79.00 to C$80.00 in a research report on Monday, July 22nd. Seven analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$77.67.

Cameco Stock Down 7.3 %

Shares of TSE CCO opened at C$52.73 on Friday. Cameco has a 1 year low of C$44.01 and a 1 year high of C$76.66. The company has a debt-to-equity ratio of 27.96, a current ratio of 1.42 and a quick ratio of 3.74. The company has a 50 day simple moving average of C$68.87 and a 200-day simple moving average of C$64.87. The company has a market capitalization of C$22.92 billion, a P/E ratio of 97.65, a P/E/G ratio of 2.22 and a beta of 0.93.

Insider Buying and Selling at Cameco

In other Cameco news, Senior Officer Tim Scott Gitzel sold 50,000 shares of Cameco stock in a transaction on Thursday, May 9th. The shares were sold at an average price of C$70.89, for a total value of C$3,544,500.00. In other news, Director Jill Amanda Johnson sold 1,876 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of C$76.00, for a total transaction of C$142,576.00. Also, Senior Officer Tim Scott Gitzel sold 50,000 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of C$70.89, for a total transaction of C$3,544,500.00. Over the last three months, insiders have sold 204,001 shares of company stock worth $14,642,885. 0.15% of the stock is owned by company 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.