Q3 2024 EPS Estimates for Cameco Co. Lifted by Raymond James (TSE:CCO)

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Investment analysts at Raymond James boosted their Q3 2024 earnings per share estimates for shares of Cameco in a research note issued on Tuesday, April 30th. Raymond James analyst B. Macarthur now expects that the company will post earnings of $0.44 per share for the quarter, up from their previous forecast of $0.43. The consensus estimate for Cameco’s current full-year earnings is $1.58 per share. Raymond James also issued estimates for Cameco’s FY2024 earnings at $1.28 EPS.

CCO has been the topic of a number of other reports. Scotiabank increased their price objective on Cameco from C$70.00 to C$71.00 in a research report on Friday, February 9th. Bank of America lifted their target price on Cameco from C$76.00 to C$80.00 in a report on Tuesday, April 9th. CIBC lifted their price target on Cameco from C$72.00 to C$74.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Eight Capital lifted their price target on Cameco from C$70.00 to C$80.00 and gave the company a “buy” rating in a research note on Monday, January 15th. Finally, Royal Bank of Canada lifted their target price on Cameco from C$70.00 to C$75.00 and gave the company an “outperform” rating in a research report on Thursday. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$75.44.

Cameco Price Performance

Shares of CCO stock opened at C$66.20 on Friday. The company has a debt-to-equity ratio of 32.27, a quick ratio of 3.74 and a current ratio of 1.55. The stock has a market capitalization of C$28.74 billion, a PE ratio of 79.76, a PEG ratio of 2.22 and a beta of 0.94. Cameco has a 52 week low of C$35.65 and a 52 week high of C$72.37. The stock’s fifty day moving average is C$61.11 and its 200-day moving average is C$59.99.

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

Insider Activity

In related news, Senior Officer Tim Scott Gitzel sold 14,815 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of C$55.14, for a total transaction of C$816,899.10. In other news, Senior Officer Tim Scott Gitzel sold 14,815 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of C$55.14, for a total transaction of C$816,899.10. Also, Senior Officer Sean Anthony Quinn sold 50,000 shares of Cameco stock in a transaction dated Monday, April 1st. The stock was sold at an average price of C$63.25, for a total value of C$3,162,500.00. Insiders sold 98,694 shares of company stock worth $6,095,228 over the last three months. 0.15% of the stock is currently owned by insiders.

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.