Brokers Issue Forecasts for Cameco Co.'s Q3 2024 Earnings (TSE:CCO)

Cameco Co. (TSE:CCO - Free Report) NYSE: CCJ - Stock analysts at Raymond James increased their Q3 2024 earnings per share estimates for shares of Cameco in a report issued 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 prior estimate 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.

Several other research analysts also recently commented on CCO. Royal Bank of Canada raised their price objective on Cameco from C$70.00 to C$75.00 and gave the stock an "outperform" rating in a report on Thursday. TD Securities reduced 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 report on Monday, February 12th. CIBC raised 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. Scotiabank raised their price objective on Cameco from C$70.00 to C$71.00 in a report on Friday, February 9th. Finally, Eight Capital raised their price objective on Cameco from C$70.00 to C$80.00 and gave the stock a "buy" rating in a report on Monday, January 15th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of C$75.44.

Cameco Trading Down 0.1 %

Shares of CCO stock traded down C$0.04 on Friday, reaching C$66.20. 742,684 shares of the company's stock were exchanged, compared to its average volume of 1,392,047. Cameco has a 52 week low of C$35.65 and a 52 week high of C$72.37. The company has a current ratio of 1.55, a quick ratio of 3.74 and a debt-to-equity ratio of 32.27. The stock has a market capitalization of C$28.74 billion, a PE ratio of 79.76, a P/E/G ratio of 2.22 and a beta of 0.94. The company's fifty 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 issued its quarterly earnings results on Thursday, February 8th. The company reported C$0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.28 by C($0.07). Cameco had a return on equity of 6.05% and a net margin of 13.94%. The business had revenue of C$844.00 million for the quarter.

Insider Activity

In other news, Senior Officer Jonathan Huntington sold 12,333 shares of Cameco stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of C$54.77, for a total value of C$675,478.41. In other Cameco news, 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. Also, Senior Officer Tim Scott Gitzel sold 14,815 shares of Cameco stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of C$55.14, for a total value of C$816,899.10. In the last three months, insiders have sold 98,694 shares of company stock worth $6,095,228. 0.15% of the stock is currently 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.