National Bank Financial Predicts Cameco FY2024 Earnings

Cameco Co. (TSE:CCO - Free Report) NYSE: CCJ - National Bank Financial boosted their FY2024 earnings per share (EPS) estimates for Cameco in a research report issued to clients and investors on Wednesday, November 13th. National Bank Financial analyst M. Sidibe now expects that the company will post earnings per share of $0.69 for the year, up from their previous forecast of $0.66. National Bank Financial has a "Strong-Buy" rating on the stock. National Bank Financial also issued estimates for Cameco's FY2025 earnings at $1.64 EPS.

Several other research firms have also recently commented on CCO. BMO Capital Markets boosted their target price on Cameco from C$78.00 to C$84.00 in a research note on Friday, November 8th. National Bankshares increased their target price on Cameco from C$85.00 to C$87.00 in a report on Friday, November 8th. Janney Montgomery Scott raised Cameco to a "strong-buy" rating in a research report on Friday, October 4th. TD Securities lifted their price target on Cameco from C$79.00 to C$80.00 in a research note on Monday, July 22nd. Finally, Eight Capital lifted their price target on Cameco from C$80.00 to C$90.00 in a report on Friday, November 8th. Seven equities research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Cameco has an average rating of "Buy" and an average price target of C$81.40.

Cameco Trading Up 3.8 %

Cameco stock traded up C$2.89 during trading on Monday, reaching C$78.37. 2,162,173 shares of the company were exchanged, compared to its average volume of 1,258,008. Cameco has a 52-week low of C$48.71 and a 52-week high of C$81.12. The company has a market capitalization of C$34.11 billion, a P/E ratio of 127.93, a PEG ratio of 2.22 and a beta of 0.90. 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 stock's 50 day simple moving average is C$66.66 and its two-hundred day simple moving average is C$66.14.

Insider Buying and Selling at Cameco

In related news, Senior Officer Ronald Liam Mooney sold 3,400 shares of the stock in a transaction dated Friday, October 4th. The shares were sold at an average price of C$70.49, for a total value of C$239,666.00. Corporate insiders own 0.15% of the company's stock.

Cameco Increases Dividend

The company also recently declared an annual dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.16 per share. This represents a yield of 0.22%. This is a boost from Cameco's previous annual dividend of $0.12. The ex-dividend date of this dividend is Wednesday, November 27th. Cameco's dividend payout ratio is 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.