Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO - Equities researchers at National Bank Financial dropped their FY2024 earnings estimates for Cameco in a note issued to investors on Wednesday, February 12th. National Bank Financial analyst M. Sidibe now anticipates that the basic materials company will earn $0.43 per share for the year, down from their previous estimate 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 Trading Down 3.8 %
Shares of CCJ traded down $1.86 during trading hours on Friday, reaching $47.22. 5,178,500 shares of the company traded hands, compared to its average volume of 4,709,515. The firm has a market cap of $20.56 billion, a price-to-earnings ratio of 248.56 and a beta of 0.94. Cameco has a 12-month low of $35.43 and a 12-month high of $62.55. The stock's fifty day moving average price is $51.80 and its 200 day moving average price is $49.55. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20.
Institutional Investors Weigh In On Cameco
Institutional investors and hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC purchased a new position in Cameco in the second quarter valued at about $349,000. Ritholtz Wealth Management purchased a new position in shares of Cameco in the 3rd quarter worth approximately $304,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Cameco by 71.5% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company's stock worth $27,000 after acquiring an additional 238 shares in the last quarter. Jamison Private Wealth Management Inc. lifted its position in Cameco by 33.3% during the third quarter. Jamison Private Wealth Management Inc. now owns 6,718 shares of the basic materials company's stock valued at $321,000 after acquiring an additional 1,678 shares during the last quarter. Finally, Moss Adams Wealth Advisors LLC acquired a new stake in Cameco in the third quarter valued at approximately $441,000. 70.21% of the stock is owned by institutional investors.
Cameco Company Profile
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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.
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