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

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Research analysts at Raymond James raised their Q1 2024 earnings per share (EPS) estimates for shares of Cameco in a research 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.

Cameco (TSE:CCO) (NYSE:CCJ) last released 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). Cameco had a net margin of 13.94% and a return on equity of 6.05%. The business had revenue of C$844.00 million for the quarter.

Several other equities analysts have also recently weighed in on CCO. CIBC lifted their price objective on Cameco from C$72.00 to C$74.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. Eight Capital lifted their target price on Cameco from C$70.00 to C$80.00 and gave the company a “buy” rating in a research report on Monday, January 15th. TD Securities dropped their target price on 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 lifted their target price on Cameco from C$76.00 to C$80.00 in a research report on Tuesday, April 9th. Finally, Scotiabank lifted their target price on Cameco from C$70.00 to C$71.00 in a research report on Friday, February 9th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Cameco presently has a consensus rating of “Buy” and a consensus target price of C$73.33.

Cameco Trading Up 0.5 %

TSE:CCO opened at C$67.16 on Thursday. Cameco has a fifty-two week low of C$35.11 and a fifty-two week high of C$72.37. The company has a debt-to-equity ratio of 32.27, a current ratio of 1.55 and a quick ratio of 3.74. The stock has a market capitalization of C$29.16 billion, a PE ratio of 80.92, a price-to-earnings-growth ratio of 2.22 and a beta of 0.94. The business’s 50-day simple moving average is C$60.17 and its 200-day simple moving average is C$59.47.

Insiders Place Their Bets

In other Cameco news, Senior Officer Tim Scott Gitzel sold 21,546 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of C$66.85, for a total transaction of C$1,440,350.10. In other news, Senior Officer Jonathan Huntington sold 12,333 shares of Cameco stock in a transaction that occurred on 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 21,546 shares of Cameco stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of C$66.85, for a total value of C$1,440,350.10. Insiders have sold 98,694 shares of company stock valued at $6,095,228 in the last 90 days. 0.15% of the stock is currently owned by insiders.

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.