National Bank Financial Comments on Cameco FY2024 Earnings

Cameco Co. (TSE:CCOFree Report) (NYSE:CCJ) – Equities researchers at National Bank Financial upped their FY2024 earnings per share estimates for Cameco in a note issued to investors on Monday, January 27th. National Bank Financial analyst M. Sidibe now expects that the company will post earnings per share of $0.73 for the year, up from their prior forecast of $0.69. National Bank Financial also issued estimates for Cameco’s FY2026 earnings at $1.75 EPS.

Cameco (TSE:CCOGet Free Report) (NYSE:CCJ) last posted its quarterly earnings data on Thursday, November 7th. The company reported C($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.23 by C($0.24). Cameco had a return on equity of 4.23% and a net margin of 9.70%. During the same period in the previous year, the firm earned $0.32 earnings per share.

Several other research firms have also commented on CCO. Raymond James increased their target price on shares of Cameco from C$81.00 to C$88.00 in a report on Friday, November 22nd. Scotiabank raised their price objective on Cameco from C$80.00 to C$86.00 in a research note on Tuesday, November 19th. Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a report on Friday, October 4th. Royal Bank of Canada boosted their target price on Cameco from C$75.00 to C$90.00 in a research note on Thursday, November 21st. Finally, National Bankshares raised their price target on Cameco from C$85.00 to C$87.00 in a research report on Friday, November 8th. Five equities research analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$84.30.

View Our Latest Analysis on CCO

Cameco Stock Up 0.8 %

Shares of CCO opened at C$72.83 on Wednesday. Cameco has a 1 year low of C$48.71 and a 1 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 stock has a 50 day simple moving average of C$77.37 and a two-hundred day simple moving average of C$68.80. The firm has a market cap of C$31.69 billion, a P/E ratio of 123.44, a P/E/G ratio of 2.22 and a beta of 0.90.

Cameco Increases Dividend

The firm also recently announced 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. This represents a dividend yield of 0.22%. The ex-dividend date was Wednesday, November 27th. This is an increase from Cameco’s previous annual dividend of $0.12. Cameco’s dividend payout ratio is currently 20.34%.

Insider Buying and Selling

In other Cameco news, Senior Officer Tim Scott Gitzel sold 50,000 shares of Cameco stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$85.66, for a total transaction of C$4,283,000.00. Also, Senior Officer Brian Arthur Reilly sold 14,062 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of C$79.98, for a total value of C$1,124,678.76. Insiders sold 80,962 shares of company stock valued at $6,800,456 over the last quarter. 0.15% of the stock is owned by company insiders.

Cameco Company Profile

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Cameco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cameco and related companies with MarketBeat.com's FREE daily email newsletter.