Cameco Co. Forecasted to Earn Q3 2024 Earnings of $0.32 Per Share (NYSE:CCJ)

Cameco Co. (NYSE:CCJ) (TSE:CCO) – Investment analysts at Raymond James raised their Q3 2024 EPS estimates for shares of Cameco in a research report issued to clients and investors on Tuesday, April 30th. Raymond James analyst B. Macarthur now forecasts that the basic materials company will earn $0.32 per share for the quarter, up from their prior forecast of $0.31. The consensus estimate for Cameco’s current full-year earnings is $1.53 per share. Raymond James also issued estimates for Cameco’s FY2024 earnings at $0.93 EPS.

A number of other equities research analysts have also recently commented on CCJ. The Goldman Sachs Group initiated coverage on shares of Cameco in a research note on Monday, April 1st. They issued a “buy” rating and a $55.00 price objective on the stock. StockNews.com lowered shares of Cameco from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Cameco currently has an average rating of “Moderate Buy” and an average price target of $62.75.

Cameco Trading Down 0.0 %

Shares of CCJ stock opened at $48.41 on Friday. The stock has a market cap of $21.02 billion, a P/E ratio of 124.13 and a beta of 0.92. The company has a quick ratio of 0.97, a current ratio of 1.42 and a debt-to-equity ratio of 0.17. Cameco has a fifty-two week low of $26.15 and a fifty-two week high of $52.64. The business has a fifty day simple moving average of $45.07 and a 200-day simple moving average of $44.31.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.06). The firm had revenue of $620.00 million during the quarter. Cameco had a net margin of 9.28% and a return on equity of 4.60%.

Institutional Trading of Cameco

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC boosted its stake in shares of Cameco by 235.3% during the 1st quarter. Venturi Wealth Management LLC now owns 570 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 400 shares during the last quarter. Principal Securities Inc. acquired a new stake in Cameco during the fourth quarter worth approximately $29,000. Allworth Financial LP grew its stake in Cameco by 1,049.2% in the 3rd quarter. Allworth Financial LP now owns 747 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 682 shares during the period. Versant Capital Management Inc acquired a new position in Cameco in the 4th quarter valued at $34,000. Finally, Sandy Spring Bank purchased a new position in shares of Cameco during the 4th quarter worth $43,000. Hedge funds and other institutional investors own 70.21% 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.