Q3 2022 Earnings Forecast for Cameco Co. Issued By Raymond James (TSE:CCO)

Cameco Co. (TSE:CCOGet Rating) (NYSE:CCJ) – Raymond James dropped their Q3 2022 earnings estimates for shares of Cameco in a report released on Wednesday, July 27th. Raymond James analyst B. Macarthur now expects that the company will post earnings of $0.05 per share for the quarter, down from their previous estimate of $0.09. Raymond James currently has a “Outperform” rating and a $46.00 price target on the stock. The consensus estimate for Cameco’s current full-year earnings is $0.95 per share. Raymond James also issued estimates for Cameco’s FY2022 earnings at $0.41 EPS.

CCO has been the subject of a number of other research reports. Eight Capital boosted their price objective on shares of Cameco from C$38.00 to C$48.00 and gave the company a “buy” rating in a report on Thursday, April 21st. Bank of America boosted their price objective on shares of Cameco from C$40.00 to C$46.00 and gave the company a “buy” rating in a report on Tuesday, April 12th. Scotiabank cut their price objective on shares of Cameco from C$47.00 to C$43.00 in a report on Thursday, July 7th. Finally, Royal Bank of Canada cut their price objective on shares of Cameco from C$50.00 to C$45.00 and set an “outperform” rating for the company in a report on Friday, May 6th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$41.18.

Cameco Stock Performance

TSE CCO opened at C$32.98 on Monday. The company has a quick ratio of 4.51, a current ratio of 6.02 and a debt-to-equity ratio of 21.24. The company has a market capitalization of C$13.14 billion and a P/E ratio of 219.87. Cameco has a 12-month low of C$19.68 and a 12-month high of C$41.05. The firm has a 50-day moving average price of C$29.81 and a two-hundred day moving average price of C$30.81.

Cameco (TSE:CCOGet Rating) (NYSE:CCJ) last announced its earnings results on Thursday, May 5th. The company reported C$0.04 EPS for the quarter, topping the consensus estimate of C($0.04) by C$0.08. The company had revenue of C$398.00 million for the quarter.

Insider Transactions at Cameco

In other news, Senior Officer Caroline Marie Gorsalitz sold 9,947 shares of the company’s stock in a transaction that occurred on Friday, May 13th. The shares were sold at an average price of C$29.40, for a total transaction of C$292,469.65. Following the completion of the sale, the insider now owns 50,490 shares of the company’s stock, valued at approximately C$1,484,547.37.

Cameco Company Profile

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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.

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Earnings History and Estimates for Cameco (TSE:CCO)

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