National Bank Financial Predicts Lower Earnings for Cameco

Cameco Co. (NYSE:CCJ) (TSE:CCO) – Analysts at National Bank Financial cut their FY2024 earnings per share (EPS) estimates for Cameco in a research note issued on Wednesday, February 12th. National Bank Financial analyst M. Sidibe now forecasts that the basic materials company will earn $0.43 per share for the year, down from their previous forecast of $0.50. The consensus estimate for Cameco’s current full-year earnings is $0.44 per share. National Bank Financial also issued estimates for Cameco’s Q4 2024 earnings at $0.25 EPS.

Cameco Price Performance

Cameco stock opened at $47.22 on Friday. Cameco has a 12 month low of $35.43 and a 12 month high of $62.55. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The business’s 50 day simple moving average is $52.07 and its 200 day simple moving average is $49.47. The company has a market cap of $20.56 billion, a price-to-earnings ratio of 248.56 and a beta of 0.94.

Hedge Funds Weigh In On Cameco

Several institutional investors have recently bought and sold shares of CCJ. Sanctuary Advisors LLC purchased a new position in Cameco in the second quarter valued at approximately $349,000. Ritholtz Wealth Management purchased a new stake in shares of Cameco during the third quarter worth $304,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Cameco by 71.5% during the third 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 in the last quarter. Jamison Private Wealth Management Inc. lifted its position in shares of Cameco by 33.3% during the third quarter. Jamison Private Wealth Management Inc. now owns 6,718 shares of the basic materials company’s stock worth $321,000 after acquiring an additional 1,678 shares in the last quarter. Finally, Moss Adams Wealth Advisors LLC purchased a new stake in shares of Cameco during the third quarter worth $441,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

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.