Q3 2022 EPS Estimates for Cameco Co. (NYSE:CCJ) Cut by Raymond James

Cameco Co. (NYSE:CCJGet 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:CCJGet 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.

Several other brokerages have also recently issued reports on CCJ. Scotiabank reduced their price target on shares of Cameco from C$47.00 to C$43.00 in a research report on Thursday, July 7th. StockNews.com upgraded shares of Cameco from a “sell” rating to a “hold” rating in a research report on Thursday, May 12th. Royal Bank of Canada reduced their price target on shares of Cameco from C$50.00 to C$45.00 in a research report on Friday, May 6th. Canaccord Genuity Group cut their price objective on shares of Cameco from C$44.00 to C$43.00 in a report on Friday, May 6th. Finally, Bank of America upped their price objective on shares of Cameco from C$40.00 to C$46.00 in a report on Tuesday, April 12th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $41.78.

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

(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.

Featured Articles

Earnings History and Estimates for Cameco (NYSE:CCJ)

Receive News & Ratings for Cameco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cameco and related companies with MarketBeat.com's FREE daily email newsletter.