National Bank Financial Forecasts Cameco Q3 Earnings

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Investment analysts at National Bank Financial issued their Q3 2024 EPS estimates for Cameco in a research report issued on Wednesday, October 23rd. National Bank Financial analyst M. Sidibe forecasts that the company will post earnings of $0.24 per share for the quarter. National Bank Financial has a “Strong-Buy” rating on the stock.

Other equities analysts have also issued reports about the stock. Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a research report on Friday, October 4th. Cantor Fitzgerald upgraded shares of Cameco from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 31st. Scotiabank reduced their price objective on shares of Cameco from C$81.00 to C$80.00 in a research report on Monday, August 19th. National Bankshares lifted their price objective on Cameco from C$74.00 to C$85.00 and gave the company an “outperform” rating in a report on Thursday. Finally, TD Securities increased their target price on Cameco from C$79.00 to C$80.00 in a research note on Monday, July 22nd. Eight research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$78.60.

Cameco Trading Up 0.2 %

TSE:CCO opened at C$74.76 on Monday. Cameco has a 12-month low of C$48.71 and a 12-month high of C$81.12. 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 50 day simple moving average is C$61.15 and its 200-day simple moving average is C$65.36. The firm has a market cap of C$32.53 billion, a P/E ratio of 126.71, a PEG ratio of 2.22 and a beta of 0.90.

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

Insider Buying and Selling at Cameco

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