Cameco Co. (NYSE:CCJ – Get Rating) (TSE:CCO) – Raymond James dropped their Q3 2022 earnings estimates for Cameco in a report released on Wednesday, July 27th. Raymond James analyst B. Macarthur now expects that the basic materials company will earn $0.04 per share for the quarter, down from their previous estimate of $0.07. The consensus estimate for Cameco’s current full-year earnings is $0.13 per share. Raymond James also issued estimates for Cameco’s FY2022 earnings at $0.32 EPS.
Cameco (NYSE:CCJ – Get Rating) (TSE:CCO) last announced its quarterly earnings results on Wednesday, July 27th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.16. Cameco had a negative net margin of 3.72% and a negative return on equity of 1.08%. The company had revenue of $437.25 million for the quarter.
Cameco Price Performance
Shares of NYSE CCJ opened at $25.77 on Monday. Cameco has a 1 year low of $15.34 and a 1 year high of $32.49. The company has a debt-to-equity ratio of 0.20, a current ratio of 5.05 and a quick ratio of 4.12. The company’s 50-day moving average is $23.21 and its 200 day moving average is $24.18. The stock has a market capitalization of $10.27 billion, a P/E ratio of -234.25 and a beta of 0.93.
Institutional Investors Weigh In On Cameco
A number of institutional investors have recently made changes to their positions in CCJ. NN Investment Partners Holdings N.V. purchased a new stake in shares of Cameco during the fourth quarter valued at approximately $483,000. Bessemer Group Inc. purchased a new stake in shares of Cameco during the fourth quarter valued at approximately $607,000. Qube Research & Technologies Ltd grew its holdings in shares of Cameco by 285.3% during the fourth quarter. Qube Research & Technologies Ltd now owns 486,187 shares of the basic materials company’s stock valued at $10,604,000 after buying an additional 360,006 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Cameco by 26.9% during the fourth quarter. Quadrant Capital Group LLC now owns 4,324 shares of the basic materials company’s stock valued at $94,000 after buying an additional 917 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Cameco by 1.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 185,746 shares of the basic materials company’s stock valued at $3,994,000 after buying an additional 2,878 shares during the last quarter. Hedge funds and other institutional investors own 57.95% of the company’s stock.
Cameco Company Profile
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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