Q1 2024 EPS Estimates for Cameco Co. Raised by Raymond James (TSE:CCO)

Cameco Co. (TSE:CCO - Free Report) NYSE: CCJ - Equities research analysts at Raymond James boosted their Q1 2024 EPS estimates for Cameco in a report issued on Monday, April 22nd. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of $0.45 per share for the quarter, up from their previous 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.

A number of other equities research analysts have also recently weighed in on CCO. Eight Capital upped their price objective on shares of Cameco from C$70.00 to C$80.00 and gave the stock a "buy" rating in a report on Monday, January 15th. CIBC increased their price objective on shares of Cameco from C$72.00 to C$74.00 and gave the company an "outperform" rating in a research report on Wednesday, April 17th. TD Securities lowered 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. Bank of America increased their price objective on shares of Cameco from C$76.00 to C$80.00 in a research report on Tuesday, April 9th. Finally, Scotiabank increased their price objective on shares of Cameco from C$70.00 to C$71.00 in a research note on Friday, February 9th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of C$73.33.

Cameco Trading Up 0.5 %

Shares of TSE:CCO traded up C$0.35 during midday trading on Thursday, hitting C$67.16. 819,743 shares of the stock traded hands, compared to its average volume of 1,397,020. Cameco has a one year low of C$35.11 and a one year 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. The business's 50 day moving average is C$60.17 and its two-hundred day moving average is C$59.47. The stock has a market capitalization of C$29.16 billion, a PE ratio of 80.92, a P/E/G ratio of 2.22 and a beta of 0.94.

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ last issued its quarterly earnings data on Thursday, February 8th. The company reported C$0.21 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 for the quarter. Cameco had a net margin of 13.94% and a return on equity of 6.05%.

Insiders Place Their Bets

In other Cameco news, Senior Officer Tim Scott Gitzel sold 14,815 shares of Cameco stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of C$55.14, for a total value of C$816,899.10. In related news, Senior Officer Sean Anthony Quinn sold 50,000 shares of the company'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 Tim Scott Gitzel sold 14,815 shares of the business's stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of C$55.14, for a total transaction of C$816,899.10. Insiders sold 98,694 shares of company stock valued at $6,095,228 in the last three months. 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.