Analysts Offer Predictions for Cameco Q3 Earnings

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Research analysts at National Bank Financial issued their Q3 2024 earnings per share estimates for shares of Cameco in a research note issued on Wednesday, October 23rd. National Bank Financial analyst M. Sidibe forecasts that the company will post earnings of $0.24 per share for the quarter. National Bank Financial has a “Strong-Buy” rating on the stock.

Cameco (TSE:CCO) (NYSE:CCJ) last announced its quarterly earnings data on Wednesday, July 31st. The company reported C$0.14 earnings per share for the quarter, missing the consensus estimate of C$0.39 by C($0.25). The company had revenue of C$598.00 million for the quarter. Cameco had a return on equity of 4.23% and a net margin of 9.70%.

CCO has been the subject of several other research reports. TD Securities boosted their target price on shares of Cameco from C$79.00 to C$80.00 in a research note on Monday, July 22nd. Cantor Fitzgerald raised shares of Cameco from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 31st. Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a research note on Friday, October 4th. Scotiabank lowered their price objective on shares of Cameco from C$81.00 to C$80.00 in a research note on Monday, August 19th. Finally, Canaccord Genuity Group boosted their target price on Cameco from C$75.00 to C$78.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Eight research analysts have rated the stock with a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$78.60.

Cameco Price Performance

Shares of CCO opened at C$76.25 on Monday. Cameco has a 52 week low of C$48.71 and a 52 week high of C$81.12. The company has a current ratio of 3.22, a quick ratio of 3.74 and a debt-to-equity ratio of 25.39. The firm has a market cap of C$33.18 billion, a price-to-earnings ratio of 129.24, a PEG ratio of 2.22 and a beta of 0.90. The stock has a 50 day moving average of C$62.06 and a 200-day moving average of C$65.52.

Insiders Place Their Bets

In related news, Senior Officer Ronald Liam Mooney sold 3,400 shares of the firm’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of C$70.49, for a total value of C$239,666.00. In other Cameco news, Senior Officer Cory John-Paul Kos purchased 500 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was bought at an average cost of C$56.23 per share, for a total transaction of C$28,115.00. Also, Senior Officer Ronald Liam Mooney sold 3,400 shares of the firm’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of C$70.49, for a total transaction of C$239,666.00. Insiders own 0.15% of the company’s stock.

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.