Q3 2024 EPS Estimates for Cameco Co. (NYSE:CCJ) Cut by Raymond James

Cameco Co. (NYSE:CCJ) (TSE:CCO) – Equities research analysts at Raymond James decreased their Q3 2024 EPS estimates for shares of Cameco in a research note issued on Monday, April 22nd. Raymond James analyst B. Macarthur now expects that the basic materials company will earn $0.31 per share for the quarter, down from their previous estimate 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.

A number of other research firms also recently issued reports on CCJ. StockNews.com downgraded shares of Cameco from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. The Goldman Sachs Group assumed coverage on shares of Cameco in a research note on Monday, April 1st. They set a “buy” rating and a $55.00 price target for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.75.

Cameco Stock Performance

Cameco stock opened at $49.31 on Thursday. The company has a current ratio of 1.55, a quick ratio of 0.97 and a debt-to-equity ratio of 0.21. Cameco has a 1 year low of $25.72 and a 1 year high of $52.64. The company has a market cap of $21.41 billion, a PE ratio of 82.18 and a beta of 0.92. The company’s 50-day moving average is $44.43 and its two-hundred day moving average is $43.93.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results 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 firm had revenue of $620.00 million during the quarter. Cameco had a return on equity of 5.61% and a net margin of 13.97%.

Institutional Investors Weigh In On Cameco

Several hedge funds have recently added to or reduced their stakes in the business. Venturi Wealth Management LLC lifted its holdings in shares of 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 buying an additional 400 shares in the last quarter. Principal Securities Inc. bought a new position in Cameco in the fourth quarter valued at about $29,000. Allworth Financial LP grew its holdings in shares of Cameco by 1,049.2% during the third quarter. Allworth Financial LP now owns 747 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 682 shares during the last quarter. Versant Capital Management Inc bought a new stake in shares of Cameco during the fourth quarter worth about $34,000. Finally, Sandy Spring Bank acquired a new position in shares of Cameco in the fourth quarter worth approximately $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.