What is Scotiabank’s Estimate for Cameco FY2024 Earnings?

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Stock analysts at Scotiabank cut their FY2024 EPS estimates for shares of Cameco in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now anticipates that the company will earn $0.58 per share for the year, down from their prior estimate of $0.77. Scotiabank also issued estimates for Cameco’s FY2025 earnings at $1.18 EPS and FY2026 earnings at $1.54 EPS.

CCO has been the topic of a number of other reports. Royal Bank of Canada upped their price target on Cameco from C$75.00 to C$90.00 in a research note on Thursday, November 21st. Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a report on Friday, October 4th. Canaccord Genuity Group lifted their price target 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. Eight Capital raised their price objective on shares of Cameco from C$80.00 to C$90.00 in a research note on Friday, November 8th. Finally, National Bankshares lifted their price objective on shares of Cameco from C$85.00 to C$87.00 in a report on Friday, November 8th. Six investment analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$84.30.

Cameco Trading Down 2.9 %

TSE CCO opened at C$71.07 on Monday. The stock has a market capitalization of C$30.93 billion, a P/E ratio of 120.46, a P/E/G ratio of 2.22 and a beta of 0.90. Cameco has a one year low of C$48.71 and a one year high of C$88.18. The company has a debt-to-equity ratio of 25.39, a current ratio of 3.22 and a quick ratio of 3.74. The business has a 50 day simple moving average of C$77.58 and a 200 day simple moving average of C$68.38.

Cameco Increases Dividend

The company also recently declared an annual dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were issued a dividend of $0.16 per share. The ex-dividend date was Wednesday, November 27th. This is a boost from Cameco’s previous annual dividend of $0.12. This represents a yield of 0.22%. Cameco’s payout ratio is 20.34%.

Insiders Place Their Bets

In related news, Senior Officer Tim Scott Gitzel sold 50,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of C$85.66, for a total value of C$4,283,000.00. Also, Senior Officer Lisa Lorene Aitken sold 1,500 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of C$81.17, for a total transaction of C$121,755.00. In the last ninety days, insiders sold 80,962 shares of company stock valued at $6,800,456. 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.