Cameco (CCO) Scheduled to Post Quarterly Earnings on Tuesday

Cameco (TSE:CCO) (NYSE:CCJ) is scheduled 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 announced its quarterly earnings results 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). Cameco had a net margin of 13.94% and a return on equity of 6.05%. The company had revenue of C$844.00 million for the quarter.

Cameco Price Performance

Shares of TSE:CCO opened at C$67.38 on Friday. The firm’s 50 day moving average price is C$60.38 and its 200-day moving average price is C$59.63. Cameco has a twelve month low of C$35.11 and a twelve month high of C$72.37. The company has a quick ratio of 3.74, a current ratio of 1.55 and a debt-to-equity ratio of 32.27. The stock has a market capitalization 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.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CCO. Bank of America lifted their price objective on shares of Cameco from C$76.00 to C$80.00 in a research report on Tuesday, April 9th. Scotiabank boosted their target price on shares of Cameco from C$70.00 to C$71.00 in a research note on Friday, February 9th. Eight Capital lifted their price objective on Cameco from C$70.00 to C$80.00 and gave the company a “buy” rating in a report on Monday, January 15th. TD Securities decreased their price objective on Cameco from C$82.00 to C$79.00 and set an “action list buy” rating for the company in a report on Monday, February 12th. Finally, Raymond James boosted their target price on shares of Cameco from C$74.00 to C$80.00 in a report on Tuesday, April 23rd. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$73.33.

Insider Buying and Selling

In other news, Senior Officer Jonathan Huntington sold 12,333 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of C$54.77, for a total transaction of C$675,478.41. In other Cameco news, Senior Officer Tim Scott Gitzel sold 14,815 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of C$55.14, for a total value of C$816,899.10. Also, Senior Officer Jonathan Huntington sold 12,333 shares of the business’s stock in a transaction that occurred on 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 the last ninety days, insiders sold 98,694 shares of company stock valued at $6,095,228. 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.