Analysts Issue Forecasts for Cameco Co.’s FY2022 Earnings (TSE:CCO)
Cameco Co. (TSE:CCO) (NYSE:CCJ) – Stock analysts at Raymond James issued their FY2022 EPS estimates for shares of Cameco in a report issued on Monday, April 5th. Raymond James analyst B. Macarthur forecasts that the company will post earnings per share of $0.81 for the year. Raymond James currently has a “Outperform” rating and a $22.00 target price on the stock.
Several other brokerages also recently weighed in on CCO. Eight Capital increased their target price on Cameco from C$20.00 to C$22.00 and gave the company a “strong-buy” rating in a research note on Wednesday. BMO Capital Markets raised their price objective on Cameco from C$18.50 to C$23.00 in a research report on Friday, February 12th. Cfra raised their price objective on Cameco from C$13.00 to C$18.00 in a research report on Friday, February 12th. Bank of America downgraded Cameco from a “buy” rating to a “neutral” rating and raised their price objective for the stock from C$21.00 to C$22.75 in a research report on Friday, February 12th. Finally, Scotiabank raised their price objective on Cameco from C$22.00 to C$23.00 in a research report on Friday, February 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of C$20.72.
Cameco (TSE:CCO) (NYSE:CCJ) last announced its earnings results on Wednesday, February 10th. The company reported C$0.12 earnings per share for the quarter, beating the consensus estimate of C($0.01) by C$0.13. The business had revenue of C$550.00 million for the quarter.
Cameco Corporation produces and sells uranium. The company operates in two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrate. Its operating uranium property is the Cigar Lake property located in Saskatchewan, Canada.
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