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Equities Analysts Offer Predictions for Cameco Q3 Earnings

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Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO - National Bank Financial issued their Q3 2024 earnings per share estimates for Cameco in a research note issued on Wednesday, October 23rd. National Bank Financial analyst M. Sidibe expects that the basic materials company will post earnings per share of $0.17 for the quarter. National Bank Financial has a "Strong-Buy" rating on the stock. The consensus estimate for Cameco's current full-year earnings is $0.83 per share.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its earnings results on Wednesday, July 31st. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.14). The business had revenue of $598.00 million during the quarter, compared to the consensus estimate of $756.00 million. Cameco had a return on equity of 5.63% and a net margin of 9.72%. The business's revenue was up 24.1% on a year-over-year basis. During the same period in the prior year, the business earned ($0.01) EPS.

A number of other research analysts have also commented on the stock. Scotiabank lowered their price objective on shares of Cameco from $81.00 to $80.00 and set an "outperform" rating on the stock in a research note on Monday, August 19th. Janney Montgomery Scott upgraded shares of Cameco to a "strong-buy" rating in a research report on Friday, October 4th. Glj Research reiterated a "buy" rating and set a $63.73 price objective on shares of Cameco in a research report on Wednesday, August 14th. Finally, Cantor Fitzgerald upgraded shares of Cameco from a "neutral" rating to an "overweight" rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, five have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $66.56.

View Our Latest Report on CCJ

Cameco Stock Performance

Shares of CCJ traded up $1.40 during mid-day trading on Monday, reaching $55.19. 4,264,990 shares of the company's stock traded hands, compared to its average volume of 4,421,453. The business's 50-day moving average price is $45.96 and its 200-day moving average price is $47.88. The stock has a market capitalization of $24.02 billion, a P/E ratio of 140.08 and a beta of 0.90. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.48 and a current ratio of 3.22. Cameco has a 12 month low of $35.43 and a 12 month high of $58.72.

Institutional Investors Weigh In On Cameco

Several institutional investors and hedge funds have recently modified their holdings of the business. S.A. Mason LLC lifted its stake in shares of Cameco by 6.0% in the 3rd quarter. S.A. Mason LLC now owns 3,655 shares of the basic materials company's stock valued at $175,000 after purchasing an additional 206 shares during the last quarter. Silvia Mccoll Wealth Management LLC lifted its stake in shares of Cameco by 3.9% in the 3rd quarter. Silvia Mccoll Wealth Management LLC now owns 5,610 shares of the basic materials company's stock valued at $268,000 after purchasing an additional 210 shares during the last quarter. EdgeRock Capital LLC lifted its position in Cameco by 1.7% during the 3rd quarter. EdgeRock Capital LLC now owns 13,689 shares of the basic materials company's stock worth $654,000 after acquiring an additional 224 shares during the last quarter. LRI Investments LLC lifted its position in Cameco by 39.0% during the 2nd quarter. LRI Investments LLC now owns 834 shares of the basic materials company's stock worth $41,000 after acquiring an additional 234 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in 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 during the last quarter. Institutional investors and hedge funds own 70.21% of the company's stock.

Cameco Company Profile

(Get Free Report)

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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Earnings History and Estimates for Cameco (NYSE:CCJ)

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