Cameco Co. to Post Q2 2024 Earnings of $0.32 Per Share, Raymond James Forecasts (TSE:CCO)

Cameco Co. (TSE:CCO - Free Report) NYSE: CCJ - Investment analysts at Raymond James raised their Q2 2024 earnings per share estimates for shares of Cameco in a report issued on Tuesday, April 30th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings per share of $0.32 for the quarter, up from their previous estimate of $0.31. The consensus estimate for Cameco's current full-year earnings is $1.58 per share. Raymond James also issued estimates for Cameco's Q4 2024 earnings at $0.55 EPS.

Several other brokerages have also issued reports on CCO. CIBC raised their price target on shares of Cameco from C$72.00 to C$74.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 17th. Royal Bank of Canada upped their price target on Cameco from C$70.00 to C$75.00 and gave the company an "outperform" rating in a research report on Thursday. TD Securities lowered their price objective on Cameco from C$82.00 to C$79.00 and set an "action list buy" rating on the stock in a research note on Monday, February 12th. Eight Capital upped their price objective on shares of Cameco from C$70.00 to C$80.00 and gave the company a "buy" rating in a report on Monday, January 15th. Finally, Bank of America boosted their price target on shares of Cameco from C$76.00 to C$80.00 in a research report on Tuesday, April 9th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of C$75.44.

Cameco Stock Performance

TSE CCO traded up C$1.68 during trading hours on Thursday, reaching C$66.24. 978,486 shares of the company were exchanged, compared to its average volume of 1,399,558. 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 stock has a market capitalization of C$28.76 billion, a P/E ratio of 79.81, a P/E/G ratio of 2.22 and a beta of 0.94. Cameco has a 1 year low of C$35.65 and a 1 year high of C$72.37. The business's 50 day simple moving average is C$61.11 and its 200-day simple moving average is C$59.99.

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ last posted its quarterly earnings data on Thursday, February 8th. The company reported C$0.21 earnings per share for the quarter, missing the consensus estimate 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%.

Insider Buying and Selling at Cameco

In other news, Senior Officer Tim Scott Gitzel sold 14,815 shares of the firm's stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of C$55.14, for a total transaction of C$816,899.10. In other Cameco 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 value of C$3,162,500.00. Also, Senior Officer Tim Scott Gitzel sold 14,815 shares of the company's stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of C$55.14, for a total transaction of C$816,899.10. Insiders have sold 98,694 shares of company stock worth $6,095,228 over the last 90 days. 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.