Analysts Set Expectations for Cameco Co.'s Q3 2024 Earnings (TSE:CCO)

Cameco Co. (TSE:CCO - Free Report) NYSE: CCJ - Investment analysts at Raymond James decreased their Q3 2024 earnings per share (EPS) estimates for shares of Cameco in a research report issued on Monday, September 23rd. Raymond James analyst B. Macarthur now anticipates that the company will post earnings of $0.31 per share for the quarter, down from their prior forecast of $0.34. Raymond James also issued estimates for Cameco's Q4 2024 earnings at $0.51 EPS, FY2024 earnings at $1.09 EPS, Q2 2025 earnings at $0.51 EPS and Q4 2025 earnings at $0.59 EPS.

CCO has been the subject of several other research reports. Scotiabank dropped their price objective on Cameco from C$81.00 to C$80.00 in a report on Monday, August 19th. CIBC boosted their price objective on shares of Cameco from C$74.00 to C$80.00 and gave the company an "outperform" rating in a research report on Thursday, June 20th. National Bank Financial upgraded shares of Cameco to a "strong-buy" rating in a report on Tuesday, September 3rd. TD Securities lifted their target price on shares of Cameco from C$79.00 to C$80.00 in a research note on Monday, July 22nd. Finally, Cantor Fitzgerald raised shares of Cameco from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 31st. Eight research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of C$77.50.

Cameco Trading Up 2.1 %

Shares of Cameco stock traded up C$1.31 during trading on Wednesday, reaching C$64.16. 936,157 shares of the stock were exchanged, compared to its average volume of 1,281,628. Cameco has a 1 year low of C$48.45 and a 1 year high of C$76.66. The firm has a market cap of C$27.92 billion, a price-to-earnings ratio of 108.75, a price-to-earnings-growth ratio of 2.22 and a beta of 0.88. 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 stock's fifty day moving average is C$56.94 and its 200 day moving average is C$63.59.

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ last announced its quarterly earnings results on Wednesday, July 31st. The company reported C$0.14 earnings per share for the quarter, missing the consensus estimate of C$0.39 by C($0.25). Cameco had a net margin of 9.70% and a return on equity of 4.23%. The firm had revenue of C$598.00 million for the quarter.

Insider Activity at Cameco

In other news, Senior Officer Cory John-Paul Kos purchased 500 shares of Cameco stock in a transaction that occurred on Monday, August 19th. The stock was bought at an average price of C$56.23 per share, with a total value of C$28,115.00. In related news, Senior Officer Cory John-Paul Kos purchased 500 shares of Cameco stock in a transaction dated Monday, August 19th. The stock was purchased at an average cost of C$56.23 per share, for a total transaction of C$28,115.00. Also, Director Catherine Gignac acquired 5,500 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average price of C$52.99 per share, for a total transaction of C$291,417.50. 0.15% of the stock is currently owned by insiders.

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.