Analysts Issue Forecasts for Cameco Co.’s Q2 2022 Earnings (TSE:CCO)

Cameco Co. (TSE:CCOGet Rating) (NYSE:CCJ) – Equities research analysts at Raymond James reduced their Q2 2022 EPS estimates for shares of Cameco in a research report issued on Tuesday, April 19th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings of $0.00 per share for the quarter, down from their prior estimate of $0.01. Raymond James has a “Outperform” rating and a $47.00 price objective on the stock. Raymond James also issued estimates for Cameco’s Q4 2022 earnings at $0.15 EPS and FY2022 earnings at $0.24 EPS.

Cameco (TSE:CCOGet Rating) (NYSE:CCJ) last released its earnings results on Wednesday, February 9th. The company reported C$0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.02) by C$0.08. The company had revenue of C$465.00 million during the quarter.

Other equities research analysts also recently issued reports about the stock. Eight Capital boosted their target price on shares of Cameco from C$38.00 to C$48.00 and gave the company a “buy” rating in a report on Thursday. Bank of America boosted their price objective on shares of Cameco from C$40.00 to C$46.00 and gave the stock a “buy” rating in a research note on Tuesday, April 12th. BMO Capital Markets upgraded shares of Cameco from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from C$33.00 to C$42.00 in a research note on Thursday, March 31st. CIBC began coverage on shares of Cameco in a research note on Wednesday, January 19th. They set a “buy” rating and a C$37.00 price objective for the company. Finally, Royal Bank of Canada upgraded shares of Cameco from a “sector perform” rating to a “buy” rating and boosted their price objective for the stock from C$30.00 to C$50.00 in a research note on Monday, April 11th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Cameco presently has a consensus rating of “Buy” and a consensus target price of C$42.09.

Cameco stock opened at C$35.57 on Friday. Cameco has a 1 year low of C$19.68 and a 1 year high of C$41.05. The firm has a 50 day moving average price of C$33.70 and a 200 day moving average price of C$30.63. The company has a market cap of C$14.17 billion and a price-to-earnings ratio of -136.81. The company has a debt-to-equity ratio of 21.01, a quick ratio of 3.90 and a current ratio of 5.18.

In related news, Senior Officer Ronald Liam Mooney sold 9,670 shares of the company’s stock in a transaction on Friday, March 11th. The shares were sold at an average price of C$34.84, for a total value of C$336,902.80. Following the sale, the insider now directly owns 26,748 shares of the company’s stock, valued at C$931,900.32. Also, Senior Officer David Fehr Doerksen sold 10,562 shares of the company’s stock in a transaction on Monday, February 28th. The shares were sold at an average price of C$30.78, for a total transaction of C$325,098.36. Following the completion of the sale, the insider now directly owns 14,337 shares in the company, valued at C$441,292.86. Over the last three months, insiders have sold 37,482 shares of company stock worth $1,147,416.

The company also recently announced an annual dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th will be given a dividend of $0.12 per share. This is a boost from Cameco’s previous annual dividend of $0.08. This represents a dividend yield of 0.42%. The ex-dividend date of this dividend is Tuesday, November 29th. Cameco’s payout ratio is presently -30.77%.

About Cameco (Get Rating)

Cameco Corporation produces and sells uranium. It operates in two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as 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.

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Earnings History and Estimates for Cameco (TSE:CCO)

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