National Bank Financial Comments on Cameco FY2024 Earnings

Cameco Co. (NYSE:CCJ) (TSE:CCO) – Equities research analysts at National Bank Financial cut their FY2024 earnings per share estimates for shares of Cameco in a research note issued on Wednesday, February 12th. National Bank Financial analyst M. Sidibe now forecasts that the basic materials company will post earnings per share of $0.43 for the year, down from their prior forecast of $0.50. The consensus estimate for Cameco’s current full-year earnings is $0.44 per share. National Bank Financial also issued estimates for Cameco’s Q4 2024 earnings at $0.25 EPS.

Cameco Price Performance

NYSE:CCJ opened at $49.06 on Friday. The stock has a market capitalization of $21.36 billion, a PE ratio of 258.23 and a beta of 0.94. Cameco has a 52 week low of $35.43 and a 52 week high of $62.55. The stock’s 50-day moving average price is $52.32 and its 200-day moving average price is $49.47. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CCJ. Sierra Ocean LLC purchased a new position in Cameco in the 4th quarter valued at about $25,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Cameco by 71.5% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 238 shares in the last quarter. Hurley Capital LLC purchased a new position in Cameco in the 4th quarter worth approximately $27,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Cameco in the 4th quarter worth approximately $28,000. Finally, Pingora Partners LLC purchased a new position in Cameco in the 3rd quarter worth approximately $33,000. 70.21% of the stock is owned by hedge funds and other institutional investors.

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.