Raymond James Weighs in on Cameco Co.’s Q3 2024 Earnings (TSE:CCO)

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Analysts at Raymond James dropped their Q3 2024 EPS estimates for shares of Cameco in a report released on Monday, September 23rd. Raymond James analyst B. Macarthur now expects that the company will post earnings per share of $0.31 for the quarter, down from their prior estimate 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.

Other analysts also recently issued reports about the company. National Bank Financial raised Cameco to a “strong-buy” rating in a research note on Tuesday, September 3rd. Canaccord Genuity Group upped their price target on Cameco from C$75.00 to C$78.00 and gave the stock a “buy” rating in a research note on Tuesday. 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 price objective on shares of Cameco from C$81.00 to C$80.00 in a research note on Monday, August 19th. Finally, CIBC raised their target price on shares of Cameco from C$74.00 to C$80.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. Eight equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Cameco currently has a consensus rating of “Buy” and a consensus target price of C$77.50.

Cameco Stock Up 1.1 %

Cameco stock opened at C$62.85 on Wednesday. The company has a debt-to-equity ratio of 25.39, a quick ratio of 3.74 and a current ratio of 3.22. Cameco has a fifty-two week low of C$48.45 and a fifty-two week high of C$76.66. The stock has a 50-day simple moving average of C$57.06 and a 200-day simple moving average of C$63.54. The company has a market capitalization of C$27.35 billion, a P/E ratio of 106.53, a PEG ratio of 2.22 and a beta of 0.88.

Cameco (TSE:CCO) (NYSE:CCJ) last released its quarterly earnings data on Wednesday, July 31st. The company reported C$0.14 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.39 by C($0.25). Cameco had a return on equity of 4.23% and a net margin of 9.70%. The company had revenue of C$598.00 million for the quarter.

Insider Activity

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

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.