Cameco Co. (TSE:CCO – Free Report) (NYSE:CCJ) – National Bank Financial raised their FY2024 EPS estimates for shares of Cameco in a research report issued on Wednesday, November 13th. National Bank Financial analyst M. Sidibe now forecasts that the company will post earnings of $0.69 per share for the year, up from their previous estimate of $0.66. National Bank Financial currently has a “Strong-Buy” rating on the stock. National Bank Financial also issued estimates for Cameco’s FY2025 earnings at $1.64 EPS.
A number of other brokerages have also recently commented on CCO. Cantor Fitzgerald raised shares of Cameco from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 31st. Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a report on Friday, October 4th. Canaccord Genuity Group lifted their target price on shares of Cameco from C$75.00 to C$78.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. BMO Capital Markets lifted their target price on shares of Cameco from C$78.00 to C$84.00 in a report on Friday, November 8th. Finally, Scotiabank cut their target price on shares of Cameco from C$81.00 to C$80.00 in a report on Monday, August 19th. Seven analysts have rated the stock with a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$81.40.
Cameco Stock Performance
Shares of Cameco stock opened at C$78.37 on Monday. The firm’s fifty day simple moving average is C$66.66 and its 200-day simple moving average is C$66.14. The stock has a market capitalization of C$34.11 billion, a price-to-earnings ratio of 127.93, a PEG ratio of 2.22 and a beta of 0.90. Cameco has a 12 month low of C$48.71 and a 12 month high of C$81.12. The company has a debt-to-equity ratio of 25.39, a current ratio of 3.22 and a quick ratio of 3.74.
Cameco Increases Dividend
The company also recently disclosed an annual dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be paid a $0.16 dividend. This is a boost from Cameco’s previous annual dividend of $0.12. This represents a yield of 0.22%. The ex-dividend date is Wednesday, November 27th. Cameco’s payout ratio is currently 20.34%.
Insider Buying and Selling at Cameco
In other news, Senior Officer Ronald Liam Mooney sold 3,400 shares of the company’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of C$70.49, for a total transaction of C$239,666.00. 0.15% of the stock is currently owned by corporate insiders.
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.
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