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

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Raymond James upped their Q1 2024 earnings per share (EPS) estimates for shares of Cameco in a report 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 prior 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 upped their target price on Cameco from C$72.00 to C$74.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Bank of America upped their target price on Cameco from C$76.00 to C$80.00 in a research report on Tuesday, April 9th. Eight Capital upped their target price on Cameco from C$70.00 to C$80.00 and gave the company a “buy” rating in a research report on Monday, January 15th. TD Securities dropped their price target 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. Finally, Scotiabank upped their price target on Cameco from C$70.00 to C$71.00 in a research note on Friday, February 9th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Cameco presently has an average rating of “Buy” and a consensus price target of C$73.33.

Cameco Stock Up 0.3 %

Shares of Cameco stock opened at C$67.38 on Thursday. Cameco has a one year low of C$35.11 and a one year high of C$72.37. The company has a debt-to-equity ratio of 32.27, a current ratio of 1.55 and a quick ratio of 3.74. The stock’s 50-day moving average is C$60.38 and its 200 day moving average is C$59.58. The firm has a market cap of C$29.26 billion, a price-to-earnings ratio of 81.18, a PEG ratio of 2.22 and a beta of 0.94.

Cameco (TSE:CCO) (NYSE:CCJ) last announced its earnings results on Thursday, February 8th. The company reported C$0.21 EPS for the quarter, missing the consensus estimate 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 business had revenue of C$844.00 million for the quarter.

Insider Buying and Selling

In other news, Senior Officer Tim Scott Gitzel sold 21,546 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of C$66.85, for a total value of C$1,440,350.10. In other news, Senior Officer Sean Anthony Quinn sold 50,000 shares of the stock in a transaction that occurred on 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. Also, Senior Officer Tim Scott Gitzel sold 21,546 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of C$66.85, for a total value of C$1,440,350.10. In the last three months, insiders have sold 98,694 shares of company stock valued at $6,095,228. 0.15% of the stock is owned by company 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.