Cameco Co. (TSE:CCO) Expected to Earn Q1 2024 Earnings of $0.45 Per Share

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Stock analysts at Raymond James upped their Q1 2024 earnings per share estimates for shares of Cameco in a research note issued on Monday, April 22nd. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of $0.45 per share for the quarter, up from their previous estimate of $0.44. The consensus estimate for Cameco’s current full-year earnings is $1.69 per share. Raymond James also issued estimates for Cameco’s FY2024 earnings at $1.71 EPS.

CCO has been the topic of several other research reports. CIBC boosted their price objective on Cameco from C$72.00 to C$74.00 and gave the stock an “outperform” rating in a report on Wednesday, April 17th. Scotiabank lifted their target price on Cameco from C$70.00 to C$71.00 in a research note on Friday, February 9th. TD Securities lowered their target price on Cameco from C$82.00 to C$79.00 and set an “action list buy” rating on the stock in a research note on Monday, February 12th. Bank of America lifted their target price on Cameco from C$76.00 to C$80.00 in a research note on Tuesday, April 9th. Finally, Eight Capital lifted their target price 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. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$73.33.

Cameco Price Performance

TSE CCO opened at C$67.38 on Thursday. The stock’s 50-day moving average price is C$60.38 and its two-hundred day moving average price is C$59.58. The company has a current ratio of 1.55, a quick ratio of 3.74 and a debt-to-equity ratio of 32.27. The company has a market cap of C$29.26 billion, a PE ratio of 81.18, a PEG ratio of 2.22 and a beta of 0.94. Cameco has a 1 year low of C$35.11 and a 1 year high of C$72.37.

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

Insider Activity at Cameco

In related news, Senior Officer Jonathan Huntington sold 12,333 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of C$54.77, for a total value of C$675,478.41. In other Cameco news, Senior Officer Tim Scott Gitzel sold 14,815 shares of the company’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 transaction of C$816,899.10. Also, Senior Officer Jonathan Huntington sold 12,333 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of C$54.77, for a total value of C$675,478.41. In the last quarter, insiders sold 98,694 shares of company stock valued at $6,095,228. 0.15% of the stock is 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.