Research Analysts Set Expectations for Cameco Q3 Earnings

Cameco Co. (NYSE:CCJ) (TSE:CCO) – National Bank Financial issued their Q3 2024 EPS estimates for shares of Cameco in a note issued to investors on Wednesday, October 23rd. National Bank Financial analyst M. Sidibe forecasts that the basic materials company will post earnings per share of $0.17 for the quarter. National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for Cameco’s current full-year earnings is $0.83 per share.

A number of other research analysts also recently issued reports on CCJ. Glj Research restated a “buy” rating and issued a $63.73 price target on shares of Cameco in a research report on Wednesday, August 14th. Scotiabank dropped their target price on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Cantor Fitzgerald upgraded shares of Cameco from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 31st. Finally, Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Cameco currently has a consensus rating of “Buy” and an average price target of $66.56.

Cameco Stock Down 0.1 %

Shares of NYSE CCJ opened at $53.79 on Monday. The company has a market capitalization of $23.41 billion, a P/E ratio of 137.92 and a beta of 0.90. Cameco has a 52-week low of $35.43 and a 52-week high of $58.72. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.48 and a current ratio of 3.22. The company’s 50 day moving average price is $45.96 and its 200-day moving average price is $47.89.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Wednesday, July 31st. The basic materials company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.14). The business had revenue of $598.00 million for the quarter, compared to analyst estimates of $756.00 million. Cameco had a return on equity of 5.63% and a net margin of 9.72%. The firm’s quarterly revenue was up 24.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.01) earnings per share.

Institutional Trading of Cameco

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. S.A. Mason LLC increased its stake in Cameco by 6.0% during the 3rd quarter. S.A. Mason LLC now owns 3,655 shares of the basic materials company’s stock valued at $175,000 after purchasing an additional 206 shares in the last quarter. Silvia Mccoll Wealth Management LLC increased its stake in Cameco by 3.9% during the 3rd quarter. Silvia Mccoll Wealth Management LLC now owns 5,610 shares of the basic materials company’s stock valued at $268,000 after purchasing an additional 210 shares in the last quarter. EdgeRock Capital LLC grew its stake in shares of Cameco by 1.7% in the 3rd quarter. EdgeRock Capital LLC now owns 13,689 shares of the basic materials company’s stock worth $654,000 after acquiring an additional 224 shares in the last quarter. LRI Investments LLC grew its stake in shares of Cameco by 39.0% in the 2nd quarter. LRI Investments LLC now owns 834 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 234 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Cameco by 71.5% in the 3rd 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. Institutional investors own 70.21% 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.