Q4 2024 EPS Estimates for Cameco Co. (NYSE:CCJ) Boosted by Raymond James

Cameco Co. (NYSE:CCJ) (TSE:CCO) – Research analysts at Raymond James raised their Q4 2024 EPS estimates for Cameco in a research note issued on Tuesday, April 30th. Raymond James analyst B. Macarthur now anticipates that the basic materials company will post earnings per share of $0.40 for the quarter, up from their previous estimate of $0.38. The consensus estimate for Cameco’s current full-year earnings is $1.53 per share.

A number of other research analysts have also commented on the stock. StockNews.com lowered shares of Cameco from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. The Goldman Sachs Group started coverage on shares of Cameco in a research note on Monday, April 1st. They set a “buy” rating and a $55.00 price objective on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Cameco has an average rating of “Moderate Buy” and an average price target of $62.75.

Cameco Price Performance

NYSE CCJ opened at $48.41 on Thursday. Cameco has a 12 month low of $26.15 and a 12 month high of $52.64. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.42 and a quick ratio of 0.97. The firm has a market capitalization of $21.02 billion, a PE ratio of 124.13 and a beta of 0.92. The company’s 50 day simple moving average is $45.07 and its 200 day simple moving average is $44.31.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). Cameco had a net margin of 9.28% and a return on equity of 4.60%. The company had revenue of $620.00 million for the quarter.

Institutional Trading of Cameco

A number of large investors have recently added to or reduced their stakes in CCJ. Venturi Wealth Management LLC boosted its holdings in Cameco by 235.3% during the first quarter. Venturi Wealth Management LLC now owns 570 shares of the basic materials company’s stock worth $25,000 after buying an additional 400 shares in the last quarter. Principal Securities Inc. acquired a new position in Cameco in the 4th quarter worth approximately $29,000. Allworth Financial LP grew its position in Cameco by 1,049.2% during the 3rd quarter. Allworth Financial LP now owns 747 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 682 shares in the last quarter. Versant Capital Management Inc purchased a new position in Cameco during the 4th quarter worth approximately $34,000. Finally, Sandy Spring Bank purchased a new position in Cameco during the 4th quarter worth approximately $43,000. 70.21% of the stock is currently owned by institutional investors.

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.