National Bank Financial Predicts Higher Earnings for Cameco

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Equities researchers at National Bank Financial raised their FY2024 earnings per share estimates for Cameco in a note issued to investors on Wednesday, November 13th. National Bank Financial analyst M. Sidibe now expects that the company will earn $0.69 per share for the year, up from their previous forecast of $0.66. National Bank Financial has a “Strong-Buy” rating on the stock. National Bank Financial also issued estimates for Cameco’s FY2025 earnings at $1.64 EPS.

Several other equities analysts have also weighed in on CCO. Canaccord Genuity Group increased their price objective on shares of Cameco from C$75.00 to C$78.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Cantor Fitzgerald upgraded shares of Cameco from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 31st. BMO Capital Markets boosted their price objective on Cameco from C$78.00 to C$84.00 in a report on Friday, November 8th. TD Securities increased their target price on Cameco from C$79.00 to C$80.00 in a research note on Monday, July 22nd. Finally, Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a research note on Friday, October 4th. Seven research analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$81.40.

Cameco Stock Up 1.1 %

CCO opened at C$75.48 on Monday. 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’s fifty day simple moving average is C$66.66 and its 200 day simple moving average is C$66.13. Cameco has a 1-year low of C$48.71 and a 1-year high of C$81.12. The stock has a market cap of C$32.85 billion, a PE ratio of 127.93, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90.

Cameco Increases Dividend

The business also recently declared an annual dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be given a $0.16 dividend. The ex-dividend date is Wednesday, November 27th. This represents a dividend yield of 0.22%. This is a boost from Cameco’s previous annual dividend of $0.12. Cameco’s dividend payout ratio (DPR) is presently 20.34%.

Insider Activity at Cameco

In related news, Senior Officer Ronald Liam Mooney sold 3,400 shares of Cameco stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of C$70.49, for a total value of C$239,666.00. 0.15% of the stock is owned by insiders.

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.