Cameco (CCO) Scheduled to Post Quarterly Earnings on Tuesday

Cameco (TSE:CCO) (NYSE:CCJ) is set to announce its earnings results before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of C$0.45 per share for the quarter.

Cameco (TSE:CCO) (NYSE:CCJ) last released its quarterly earnings results on Thursday, February 8th. The company reported C$0.21 earnings per share 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 company had revenue of C$844.00 million for the quarter.

Cameco Stock Up 0.3 %

CCO opened at C$67.38 on Friday. The company has a market cap of C$29.26 billion, a PE ratio of 81.18, a price-to-earnings-growth ratio of 2.22 and a beta of 0.94. 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 twelve month low of C$35.11 and a twelve month high of C$72.37. The company has a 50-day moving average price of C$60.38 and a 200 day moving average price of C$59.63.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CCO shares. Raymond James lifted their price target on shares of Cameco from C$74.00 to C$80.00 in a research report on Tuesday, April 23rd. CIBC boosted their price target on shares of Cameco from C$72.00 to C$74.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. Eight Capital boosted their price target on shares of Cameco from C$70.00 to C$80.00 and gave the stock a “buy” rating in a research note on Monday, January 15th. TD Securities lowered their target price on shares of Cameco from C$82.00 to C$79.00 and set an “action list buy” rating for the company in a research note on Monday, February 12th. Finally, Scotiabank boosted their price target on shares of Cameco from C$70.00 to C$71.00 in a research report on Friday, February 9th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Cameco has an average rating of “Buy” and an average target price of C$73.33.

Insider Activity

In other news, Senior Officer Jonathan Huntington sold 12,333 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of C$54.77, for a total value of C$675,478.41. In related news, Senior Officer Jonathan Huntington sold 12,333 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of C$54.77, for a total transaction of C$675,478.41. Also, Senior Officer Tim Scott Gitzel sold 21,546 shares of the stock in a transaction dated 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. Over the last three months, insiders sold 98,694 shares of company stock valued at $6,095,228. Insiders own 0.15% of the company’s stock.

About Cameco

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.