Cameco (CCO) Scheduled to Post Earnings on Thursday

Cameco (TSE:CCO) (NYSE:CCJ) is set to post its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect Cameco to post earnings of C$0.31 per share for the quarter.

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

Cameco Trading Down 1.6 %

Shares of TSE:CCO opened at C$75.05 on Thursday. Cameco has a 1 year low of C$48.71 and a 1 year high of C$81.12. The firm has a fifty day moving average price of C$62.47 and a 200 day moving average price of C$65.58. 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 stock has a market capitalization of C$32.66 billion, a PE ratio of 127.20, a P/E/G ratio of 2.22 and a beta of 0.90.

Insider Buying and Selling at Cameco

In other news, Director Catherine Gignac bought 5,500 shares of the firm’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. In other Cameco news, Director Catherine Gignac purchased 5,500 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were purchased at an average price of C$52.99 per share, for a total transaction of C$291,417.50. Also, Senior Officer Ronald Liam Mooney sold 3,400 shares of the business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of C$70.49, for a total transaction of C$239,666.00. Insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on CCO shares. Cantor Fitzgerald raised Cameco from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 31st. National Bankshares increased their price target on Cameco from C$74.00 to C$85.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Scotiabank dropped their price target on shares of Cameco from C$81.00 to C$80.00 in a research report on Monday, August 19th. Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a report on Friday, October 4th. Finally, Canaccord Genuity Group raised their target price on shares of Cameco from C$75.00 to C$78.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Eight equities research analysts have rated the stock with a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$78.60.

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.