Cameco FY2024 EPS Estimate Raised by National Bank Financial

Cameco Co. (TSE:CCO - Free Report) NYSE: CCJ - Analysts at National Bank Financial raised their FY2024 earnings estimates for Cameco in a research note issued to investors on Monday, January 27th. National Bank Financial analyst M. Sidibe now forecasts that the company will earn $0.73 per share for the year, up from their previous estimate of $0.69. National Bank Financial also issued estimates for Cameco's FY2026 earnings at $1.75 EPS.

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ last announced its quarterly earnings results on Thursday, November 7th. The company reported C($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business posted $0.32 earnings per share.

A number of other equities analysts also recently weighed in on CCO. Raymond James upped their price target on Cameco from C$81.00 to C$88.00 in a research report on Friday, November 22nd. Eight Capital lifted their price target on Cameco from C$80.00 to C$90.00 in a report on Friday, November 8th. Royal Bank of Canada upped their price objective on Cameco from C$75.00 to C$90.00 in a research note on Thursday, November 21st. Scotiabank lifted their target price on Cameco from C$80.00 to C$86.00 in a research note on Tuesday, November 19th. Finally, Janney Montgomery Scott raised Cameco to a "strong-buy" rating in a report on Friday, October 4th. Five analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of C$84.30.

Cameco Trading Down 1.3 %

Shares of Cameco stock traded down C$0.96 during trading hours on Wednesday, hitting C$71.87. The company's stock had a trading volume of 3,124,407 shares, compared to its average volume of 1,303,633. Cameco has a 12 month low of C$48.71 and a 12 month high of C$88.18. The company has a debt-to-equity ratio of 25.39, a current ratio of 3.22 and a quick ratio of 3.74. The company has a market capitalization of C$31.28 billion, a PE ratio of 121.81, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The stock has a 50 day moving average of C$76.88 and a 200 day moving average of C$68.86.

Insider Activity at Cameco

In related news, Senior Officer Brian Arthur Reilly sold 14,062 shares of Cameco stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of C$79.98, for a total value of C$1,124,678.76. Also, Senior Officer Tim Scott Gitzel sold 50,000 shares of the company's stock in a transaction on Thursday, December 5th. The stock was sold at an average price of C$85.66, for a total value of C$4,283,000.00. Over the last three months, insiders have sold 80,962 shares of company stock worth $6,800,456. Corporate insiders own 0.15% of the company's stock.

Cameco Increases Dividend

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

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.