Q1 2024 EPS Estimates for Cameco Co. Increased by Raymond James (TSE:CCO)

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Raymond James increased their Q1 2024 earnings per share (EPS) estimates for Cameco in a research report issued on Monday, April 22nd. Raymond James analyst B. Macarthur now anticipates that the company will post earnings of $0.45 per share for the quarter, up from their previous forecast of $0.44. The consensus estimate for Cameco’s current full-year earnings is $1.69 per share. Raymond James also issued estimates for Cameco’s FY2024 earnings at $1.71 EPS.

Several other research analysts also recently commented on CCO. TD Securities decreased their price objective on Cameco from C$82.00 to C$79.00 and set an “action list buy” rating on the stock in a report on Monday, February 12th. Bank of America lifted their price objective on Cameco from C$76.00 to C$80.00 in a report on Tuesday, April 9th. Eight Capital lifted their price objective on Cameco from C$70.00 to C$80.00 and gave the stock a “buy” rating in a report on Monday, January 15th. CIBC lifted their price objective on Cameco from C$72.00 to C$74.00 and gave the stock an “outperform” rating in a report on Wednesday, April 17th. Finally, Scotiabank boosted their price target on Cameco from C$70.00 to C$71.00 in a report on Friday, February 9th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Cameco has a consensus rating of “Buy” and a consensus price target of C$73.33.

Cameco Trading Up 0.5 %

Shares of CCO stock opened at C$67.16 on Thursday. The firm has a market cap of C$29.16 billion, a P/E ratio of 80.92, a price-to-earnings-growth ratio of 2.22 and a beta of 0.94. The business has a 50-day moving average price of C$60.17 and a two-hundred day moving average price of C$59.47. The company has a quick ratio of 3.74, a current ratio of 1.55 and a debt-to-equity ratio of 32.27. Cameco has a 12-month low of C$35.11 and a 12-month high of C$72.37.

Cameco (TSE:CCO) (NYSE:CCJ) last issued its quarterly earnings results on Thursday, February 8th. The company reported C$0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.28 by C($0.07). Cameco had a return on equity of 6.05% and a net margin of 13.94%. The firm had revenue of C$844.00 million for the quarter.

Insiders Place Their Bets

In other Cameco news, Senior Officer Tim Scott Gitzel sold 21,546 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of C$66.85, for a total transaction of C$1,440,350.10. In other Cameco news, Senior Officer Sean Anthony Quinn sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of C$63.25, for a total transaction of C$3,162,500.00. Also, Senior Officer Tim Scott Gitzel sold 21,546 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of C$66.85, for a total value of C$1,440,350.10. In the last quarter, insiders have sold 98,694 shares of company stock worth $6,095,228. Company insiders own 0.15% of the company’s stock.

Cameco Company Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, 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.