Cameco Co. (TSE:CCO) Expected to Post Q1 2024 Earnings of $0.45 Per Share

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Research analysts at Raymond James lifted their Q1 2024 earnings per share (EPS) estimates for Cameco in a report released on Monday, April 22nd. Raymond James analyst B. Macarthur now forecasts that the company will earn $0.45 per share for the quarter, up from their previous estimate of $0.44. The consensus estimate for Cameco’s current full-year earnings is $1.69 per share. Raymond James also issued estimates for Cameco’s FY2024 earnings at $1.71 EPS.

Cameco (TSE:CCO) (NYSE:CCJ) last announced its quarterly earnings data on Thursday, February 8th. The company reported C$0.21 EPS for the quarter, missing analysts’ consensus estimates of C$0.28 by C($0.07). Cameco had a net margin of 13.94% and a return on equity of 6.05%. The firm had revenue of C$844.00 million during the quarter.

A number of other equities analysts have also recently commented on CCO. Eight Capital lifted their price objective on shares of Cameco from C$70.00 to C$80.00 and gave the stock a “buy” rating in a research report on Monday, January 15th. TD Securities decreased their target price on Cameco from C$82.00 to C$79.00 and set an “action list buy” rating on the stock in a research report on Monday, February 12th. Scotiabank increased their target price on Cameco from C$70.00 to C$71.00 in a research note on Friday, February 9th. CIBC upped their price target on shares of Cameco from C$72.00 to C$74.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Finally, Bank of America lifted their price objective on shares of Cameco from C$76.00 to C$80.00 in a research note on Tuesday, April 9th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Cameco has an average rating of “Buy” and a consensus price target of C$73.33.

Cameco Stock Performance

Shares of TSE CCO opened at C$66.81 on Thursday. The company has a current ratio of 1.55, a quick ratio of 3.74 and a debt-to-equity ratio of 32.27. The company has a market capitalization of C$29.01 billion, a P/E ratio of 80.49, a P/E/G ratio of 2.22 and a beta of 0.94. Cameco has a 12 month low of C$34.59 and a 12 month high of C$72.37. The stock has a 50 day moving average of C$59.97 and a 200-day moving average of C$59.41.

Insider Activity

In other news, Senior Officer Tim Scott Gitzel sold 14,815 shares of Cameco stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of C$55.14, for a total value of C$816,899.10. In related news, Senior Officer Sean Anthony Quinn sold 50,000 shares of Cameco stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of C$63.25, for a total value of C$3,162,500.00. Also, Senior Officer Tim Scott Gitzel sold 14,815 shares of Cameco stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of C$55.14, for a total transaction of C$816,899.10. Over the last ninety days, insiders sold 98,694 shares of company stock worth $6,095,228. Corporate insiders own 0.15% 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.