Raymond James Equities Analysts Lift Earnings Estimates for Cameco Co. (TSE:CCO)

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Raymond James boosted their Q2 2024 earnings estimates for shares of Cameco in a report released on Tuesday, April 30th. Raymond James analyst B. Macarthur now expects that the company will post earnings per share of $0.32 for the quarter, up from their prior 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.

Other research analysts also recently issued reports about the stock. Bank of America boosted their price objective on shares of Cameco from C$76.00 to C$80.00 in a research report on Tuesday, April 9th. Royal Bank of Canada increased 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 lowered 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 note on Monday, February 12th. Eight Capital raised their price target on Cameco from C$70.00 to C$80.00 and gave the stock a “buy” rating in a research note on Monday, January 15th. Finally, Scotiabank lifted their price target on Cameco from C$70.00 to C$71.00 in a report on Friday, February 9th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Cameco has an average rating of “Buy” and an average price target of C$75.44.

Cameco Trading Down 0.1 %

TSE:CCO opened at C$66.20 on Thursday. The stock has a market cap of C$28.74 billion, a PE ratio of 79.76, a price-to-earnings-growth ratio of 2.22 and a beta of 0.94. Cameco has a fifty-two week low of C$35.65 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’s 50-day moving average is C$61.11 and its two-hundred day moving average is C$59.99.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its quarterly earnings results 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 for the quarter. Cameco had a net margin of 13.94% and a return on equity of 6.05%.

Insider Activity at Cameco

In other Cameco news, Senior Officer Tim Scott Gitzel sold 14,815 shares of the 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. In related news, Senior Officer Sean Anthony Quinn sold 50,000 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was 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 firm’s stock in a transaction that occurred 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 the last ninety days, insiders have sold 98,694 shares of company stock valued at $6,095,228. Corporate insiders own 0.15% of the company’s stock.

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.