Cameco (CCO) Stock Price, News & Analysis

Company Overview

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. This segment also produces CANDU reactor fuel bundles and other reactor components. The company offers nuclear fuel processing services. The Westinghouse segment engages in the manufacture of nuclear reactor technology original equipment. This segment provides products and services to commercial utilities and government agencies; and outage and maintenance services, engineering support, instrumentation and controls equipment, plant modification, and components and parts to nuclear reactors. It sells its uranium and fuel services to nuclear utilities in the Americas, Europe, and Asia. Cameco Corporation was incorporated in 1987 and is headquartered in Saskatoon, Canada.

Key Stats

• Today's Range: C$73.88 to C$77.82
• 50-Day Range: C$50.14 to C$80.13
• 52-Week Range: C$48.71 to C$81.12
• Volume: 1.41 million shs
• Average Volume: 1.27 million shs
• Market Capitalization: C$32.56 billion
• P/E Ratio: 126.81
• Dividend Yield: 0.16%
• Price Target: C$77.50
• Consensus Rating: Buy

Cameco Stock Analysis - MarketRank™

Cameco scored higher than 49% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.7 / 5
• Analyst Rating: Buy

Consensus Rating

Cameco has received a consensus rating of Buy. The company's average rating score is 3.33, and is based on 8 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Cameco has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Cameco is 126.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.29.

Price to Earnings Ratio vs. Sector

The P/E ratio of Cameco is 126.81, which means that it is trading at a more expensive P/E ratio than the Energy sector average P/E ratio of about 100.96.

Price to Earnings Growth Ratio

Cameco has a PEG Ratio of 2.22. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Cameco has a P/B Ratio of 5.26. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for CCO.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Cameco has a dividend yield of 0.17%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Cameco does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Cameco is 20.34%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for CCO.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 0.35

News Sentiment

Cameco has a news sentiment score of 0.35. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Energy companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Cameco this week, compared to 3 articles on an average week.

Search Interest

Only 7 people have searched for CCO on MarketBeat in the last 30 days. This is a decrease of -70% compared to the previous 30 days.

MarketBeat Follows

14 people have added Cameco to their MarketBeat watchlist in the last 30 days. This is an increase of 180% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Cameco insiders have bought 33.32% more of their company's stock than they have sold. Specifically, they have bought C$319,532.00 in company stock and sold C$239,666.00 in company stock.

Percentage Held by Insiders

Only 0.15% of the stock of Cameco is held by insiders.

Percentage Held by Institutions

76.12% of the stock of Cameco is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CCO Stock Analysis - Frequently Asked Questions

How have CCO shares performed this year?

Cameco's stock was trading at C$57.13 at the beginning of 2024. Since then, CCO shares have increased by 31.0% and is now trading at C$74.82.
View the best growth stocks for 2024 here.

How were Cameco's earnings last quarter?

Cameco Co. (TSE:CCO) posted its quarterly earnings data on Wednesday, July, 31st. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by $0.25. The firm earned $598 million during the quarter. Cameco had a net margin of 9.70% and a trailing twelve-month return on equity of 4.23%.

How do I buy shares of Cameco?

Shares of CCO stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of Cameco own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Cameco investors own include Cameco (CCJ), Intact Financial (IFC), Constellation Software (CSU), Alimentation Couche-Tard (ATD.B), AutoCanada (ACQ), Wheaton Precious Metals (WPM) and Toronto-Dominion Bank (TD).

Company Calendar

• Last Earnings: 7/31/2024
• Today: 10/24/2024
• Next Earnings (Confirmed): 11/07/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Energy
• Industry: Uranium
• Sub-Industry: Business Services
• Current Symbol: TSE:CCO
• CUSIP: N/A
• CIK: N/A
• Web: www.cameco.com
• Phone: +1-306-9566200
• Fax: N/A
• Employees: 4,700
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$77.50
• High Stock Price Target: C$80.00
• Low Stock Price Target: C$68.00
• Potential Upside/Downside: +3.6%
• Consensus Rating: Buy
• Rating Score (0-4): 3.33
• Research Coverage: 12 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$0.59
• Trailing P/E Ratio: 126.81
• Forward P/E Ratio: N/A
• P/E Growth: 2.22
• Net Income: C$257.14 million
• Net Margins: 9.70%
• Pretax Margin: N/A
• Return on Equity: 4.23%
• Return on Assets: 2.38%

Debt

• Debt-to-Equity Ratio: 25.39
• Current Ratio: 3.22
• Quick Ratio: 3.74

Sales & Book Value

• Annual Sales: C$2.65 billion
• Price / Sales: 12.29
• Cash Flow: C$7.87 per share
• Price / Cash Flow: 9.51
• Book Value: C$14.23 per share
• Price / Book: 5.26

Miscellaneous

• Outstanding Shares: 435,180,000
• Free Float: N/A
• Market Cap: C$32.56 billion
• Optionable: Not Optionable
• Beta: 0.90