National Bank Financial Predicts Lower Earnings for Cameco

Cameco Co. (NYSE:CCJ) (TSE:CCO) – National Bank Financial cut their FY2024 earnings per share estimates for Cameco in a report issued on Wednesday, February 12th. National Bank Financial analyst M. Sidibe now anticipates that the basic materials company will earn $0.43 per share for the year, down from their previous forecast of $0.50. The consensus estimate for Cameco’s current full-year earnings is $0.44 per share. National Bank Financial also issued estimates for Cameco’s Q4 2024 earnings at $0.25 EPS.

Cameco Trading Down 3.8 %

Cameco stock opened at $47.22 on Friday. The stock has a market cap of $20.56 billion, a P/E ratio of 248.56 and a beta of 0.94. Cameco has a fifty-two week low of $35.43 and a fifty-two week high of $62.55. The firm’s fifty day moving average price is $52.07 and its 200-day moving average price is $49.47. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Orion Resource Partners LP bought a new position in shares of Cameco in the fourth quarter worth $373,000. Keel Point LLC bought a new position in Cameco in the fourth quarter valued at $277,000. Caisse DE Depot ET Placement DU Quebec bought a new position in Cameco in the fourth quarter valued at $10,756,000. Bison Wealth LLC increased its stake in Cameco by 16.1% in the fourth quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company’s stock valued at $1,102,000 after acquiring an additional 2,975 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Cameco by 50.8% in the fourth quarter. Northern Trust Corp now owns 367,299 shares of the basic materials company’s stock valued at $18,875,000 after acquiring an additional 123,684 shares during the last quarter. Institutional investors own 70.21% 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.