Cameco Co. (NYSE:CCJ) (TSE:CCO) – Stock analysts at Raymond James issued their FY2022 earnings estimates for Cameco in a research report issued on Monday, April 5th. Raymond James analyst B. Macarthur forecasts that the basic materials company will post earnings per share of $0.65 for the year. Raymond James has a “Outperform” rating and a $20.00 price objective on the stock.

Several other equities research analysts have also recently weighed in on the stock. TD Securities upped their price target on shares of Cameco from $18.00 to $20.00 and gave the stock a “hold” rating in a research report on Thursday, February 11th. Cantor Fitzgerald cut shares of Cameco from a “buy” rating to a “hold” rating in a research report on Monday, December 14th. Royal Bank of Canada cut shares of Cameco from a “sector perform” rating to an “underperform” rating and set a $16.00 target price for the company. in a research report on Wednesday, December 16th. BMO Capital Markets increased their target price on shares of Cameco from $18.50 to $23.00 and gave the company an “outperform” rating in a research report on Friday, February 12th. Finally, Scotiabank increased their target price on shares of Cameco from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Thursday, February 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $20.50.

Shares of CCJ opened at $17.32 on Thursday. The company has a 50 day moving average price of $16.82 and a 200-day moving average price of $12.92. Cameco has a fifty-two week low of $8.60 and a fifty-two week high of $19.71. The stock has a market capitalization of $6.88 billion, a PE ratio of -1,732,000.00 and a beta of 0.97. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.00 and a current ratio of 4.78.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Tuesday, February 9th. The basic materials company reported $0.12 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.17. Cameco had a negative net margin of 0.09% and a negative return on equity of 0.34%. The firm had revenue of $550.00 million during the quarter, compared to analysts’ expectations of $395.88 million. During the same quarter in the prior year, the company earned $0.24 EPS. The company’s revenue was down 36.9% compared to the same quarter last year.

A number of large investors have recently bought and sold shares of CCJ. Price T Rowe Associates Inc. MD increased its stake in Cameco by 0.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,145,790 shares of the basic materials company’s stock valued at $269,953,000 after purchasing an additional 149,500 shares in the last quarter. Brandes Investment Partners LP increased its stake in Cameco by 15.8% during the 4th quarter. Brandes Investment Partners LP now owns 9,769,767 shares of the basic materials company’s stock valued at $130,850,000 after purchasing an additional 1,330,639 shares in the last quarter. Keybank National Association OH increased its stake in Cameco by 5.4% during the 4th quarter. Keybank National Association OH now owns 4,961,554 shares of the basic materials company’s stock valued at $66,485,000 after purchasing an additional 256,268 shares in the last quarter. Norges Bank acquired a new position in Cameco during the 4th quarter valued at approximately $59,709,000. Finally, Morgan Stanley increased its stake in Cameco by 6.7% during the 3rd quarter. Morgan Stanley now owns 3,671,677 shares of the basic materials company’s stock valued at $37,083,000 after purchasing an additional 231,406 shares in the last quarter. 60.24% of the stock is owned by institutional investors.

Cameco Company Profile

Cameco Corporation produces and sells uranium. It 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. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.

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Earnings History and Estimates for Cameco (NYSE:CCJ)

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