Cameco (CCO) Set to Announce Earnings on Thursday

Cameco (TSE:CCOGet Rating) (NYSE:CCJ) is scheduled to release its earnings data before the market opens on Thursday, May 5th. Analysts expect Cameco to post earnings of C($0.05) per share for the quarter.

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

Shares of TSE:CCO opened at C$33.64 on Thursday. The stock’s 50-day moving average price is C$34.24 and its two-hundred day moving average price is C$30.86. The company has a current ratio of 5.18, a quick ratio of 3.90 and a debt-to-equity ratio of 21.01. Cameco has a 12-month low of C$19.68 and a 12-month high of C$41.05. The firm has a market cap of C$13.40 billion and a price-to-earnings ratio of -129.38.

The company also recently disclosed an annual dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th will be issued a $0.12 dividend. This represents a dividend yield of 0.42%. This is an increase from Cameco’s previous annual dividend of $0.08. The ex-dividend date is Tuesday, November 29th. Cameco’s dividend payout ratio (DPR) is -30.77%.

In other news, Senior Officer Ronald Liam Mooney sold 9,670 shares of the business’s stock in a transaction on Friday, March 11th. The stock was sold at an average price of C$34.84, for a total transaction 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 Alice Louise Wong sold 17,250 shares of the business’s stock in a transaction on Thursday, February 24th. The stock was sold at an average price of C$28.14, for a total value of C$485,415.00. Following the sale, the insider now directly owns 80,270 shares in the company, valued at C$2,258,797.80. Insiders sold a total of 37,482 shares of company stock worth $1,147,416 in the last three months.

A number of equities analysts have recently commented on CCO shares. Scotiabank raised their price objective on Cameco from C$40.00 to C$47.00 in a report on Wednesday, April 13th. Canaccord Genuity Group raised their price objective on Cameco from C$34.00 to C$37.00 in a report on Thursday, February 10th. Bank of America raised their target price on Cameco from C$40.00 to C$46.00 and gave the company a “buy” rating in a report on Tuesday, April 12th. CIBC initiated coverage on Cameco in a report on Wednesday, January 19th. They set a “buy” rating and a C$37.00 target price on the stock. Finally, TD Securities raised their target price on Cameco from C$39.00 to C$45.00 and gave the company a “buy” rating in a report on Friday, April 1st. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, Cameco has a consensus rating of “Buy” and an average target price of C$42.09.

Cameco Company Profile (Get Rating)

Cameco Corporation produces and sells uranium. It operates through 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.

See Also

Earnings History for Cameco (TSE:CCO)

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