National Bank Financial Raises Earnings Estimates for Cameco

Cameco Co. (TSE:CCO) (NYSE:CCJ) – National Bank Financial lifted their FY2024 earnings per share estimates for Cameco in a note issued to investors on Monday, January 27th. National Bank Financial analyst M. Sidibe now anticipates that the company will post earnings per share of $0.73 for the year, up from their prior estimate of $0.69. National Bank Financial also issued estimates for Cameco’s FY2026 earnings at $1.75 EPS.

Other analysts also recently issued research reports about the company. Scotiabank raised their price objective on Cameco from C$80.00 to C$86.00 in a research note on Tuesday, November 19th. Royal Bank of Canada lifted their price objective on Cameco from C$75.00 to C$90.00 in a report on Thursday, November 21st. Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a research note on Friday, October 4th. Raymond James raised their target price on shares of Cameco from C$81.00 to C$88.00 in a report on Friday, November 22nd. Finally, National Bankshares upped their price target on shares of Cameco from C$85.00 to C$87.00 in a report on Friday, November 8th. Five analysts have rated the stock with a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$84.30.

Cameco Trading Up 3.3 %

Shares of TSE CCO opened at C$72.25 on Wednesday. Cameco has a twelve month low of C$48.71 and a twelve month high of C$88.18. The stock has a market cap of C$31.44 billion, a price-to-earnings ratio of 122.46, a P/E/G ratio of 2.22 and a beta of 0.90. The company has a quick ratio of 3.74, a current ratio of 3.22 and a debt-to-equity ratio of 25.39. The company’s fifty day moving average is C$77.53 and its 200-day moving average is C$68.78.

Cameco (TSE:CCO) (NYSE:CCJ) last announced its quarterly earnings results on Thursday, November 7th. The company reported C($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.23 by C($0.24). Cameco had a net margin of 9.70% and a return on equity of 4.23%. During the same quarter last year, the company earned $0.32 earnings per share.

Insiders Place Their Bets

In other news, Senior Officer Lisa Lorene Aitken sold 2,000 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of C$75.19, for a total transaction of C$150,380.00. Also, Senior Officer Brian Arthur Reilly sold 14,062 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of C$79.98, for a total value of C$1,124,678.76. Insiders have sold 80,962 shares of company stock valued at $6,800,456 in the last three months. 0.15% of the stock is currently owned by corporate insiders.

Cameco Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were paid a $0.16 dividend. This is a positive change from Cameco’s previous annual dividend of $0.12. This represents a yield of 0.22%. The ex-dividend date was Wednesday, November 27th. Cameco’s payout ratio is presently 20.34%.

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.