Analysts Issue Forecasts for Cameco Q3 Earnings

Cameco Co. (TSE:CCO - Free Report) NYSE: CCJ - Research analysts at National Bank Financial issued their Q3 2024 EPS estimates for Cameco in a research note issued on Wednesday, October 23rd. National Bank Financial analyst M. Sidibe anticipates that the company will post earnings per share of $0.24 for the quarter. National Bank Financial currently has a "Strong-Buy" rating on the stock.

Several other analysts have also weighed in on the company. Canaccord Genuity Group upped their price objective on Cameco from C$75.00 to C$78.00 and gave the company a "buy" rating in a report on Tuesday, September 24th. Cantor Fitzgerald upgraded shares of Cameco from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 31st. Scotiabank dropped their target price on shares of Cameco from C$81.00 to C$80.00 in a report on Monday, August 19th. Janney Montgomery Scott upgraded shares of Cameco to a "strong-buy" rating in a report on Friday, October 4th. Finally, National Bankshares boosted their price objective on Cameco from C$74.00 to C$85.00 and gave the stock an "outperform" rating in a report on Thursday. Eight research analysts have rated the stock with a buy rating and four have issued 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$78.60.

Cameco Price Performance

TSE:CCO traded up C$1.88 during midday trading on Monday, hitting C$76.64. 835,121 shares of the stock were exchanged, compared to its average volume of 1,259,544. The business has a 50-day moving average price of C$61.15 and a two-hundred day moving average price of C$65.37. The company has a current ratio of 3.22, a quick ratio of 3.74 and a debt-to-equity ratio of 25.39. The company has a market capitalization of C$33.35 billion, a price-to-earnings ratio of 128.68, a P/E/G ratio of 2.22 and a beta of 0.90. Cameco has a one year low of C$48.71 and a one year high of C$81.12.

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ last announced its 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). The business had revenue of C$598.00 million for the quarter. Cameco had a net margin of 9.70% and a return on equity of 4.23%.

Insider Activity at Cameco

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