Cameco Co. (NYSE:CCJ – Free Report) (TSE:CCO) – Research analysts at Raymond James cut their Q3 2024 earnings per share (EPS) estimates for shares of Cameco in a research report issued on Monday, April 22nd. Raymond James analyst B. Macarthur now forecasts that the basic materials company will post earnings of $0.31 per share for the quarter, down from their previous forecast of $0.32. The consensus estimate for Cameco’s current full-year earnings is $1.54 per share. Raymond James also issued estimates for Cameco’s FY2024 earnings at $1.25 EPS.
Cameco (NYSE:CCJ – Get Free Report) (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 business had revenue of $620.00 million for the quarter. Cameco had a net margin of 13.97% and a return on equity of 5.61%.
Cameco Trading Up 0.3 %
NYSE CCJ opened at $49.31 on Thursday. The stock has a market capitalization of $21.41 billion, a price-to-earnings ratio of 82.18 and a beta of 0.92. Cameco has a 52 week low of $25.72 and a 52 week high of $52.64. The stock’s 50 day moving average price is $44.43 and its two-hundred day moving average price is $43.93. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.97 and a current ratio of 1.55.
Institutional Investors Weigh In On Cameco
Institutional investors and hedge funds have recently made changes to their positions in the stock. Venturi Wealth Management LLC grew its stake in Cameco by 235.3% during the first 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 period. Principal Securities Inc. purchased a new position in shares of Cameco in the fourth quarter valued at $29,000. Allworth Financial LP grew its position in shares of Cameco by 1,049.2% in the third quarter. Allworth Financial LP now owns 747 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 682 shares in the last quarter. Versant Capital Management Inc purchased a new position in shares of Cameco in the fourth quarter valued at $34,000. Finally, Sandy Spring Bank bought a new stake in Cameco during the fourth quarter valued at $43,000. Institutional investors and hedge funds own 70.21% 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.
See Also
- Five stocks we like better than Cameco
- What Does a Stock Split Mean?
- 3 Stocks Leading the U.S. Agriculture Comeback
- Investing in Travel Stocks Benefits
- How to Use Put Debit Spreads to Profit From Falling Stocks
- Stock Sentiment Analysis: How it Works
- Alphabet Changes the Narrative with Its First-Ever Dividend
Receive News & Ratings for Cameco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cameco and related companies with MarketBeat.com's FREE daily email newsletter.