National Bank Financial upgraded shares of Cameco (TSE:CCO – Free Report) (NYSE:CCJ) to a strong-buy rating in a research report report published on Tuesday, Zacks.com reports. National Bank Financial also issued estimates for Cameco’s FY2024 earnings at $1.02 EPS, FY2025 earnings at $1.65 EPS, FY2026 earnings at $1.83 EPS and FY2027 earnings at $2.19 EPS.
Several other analysts have also recently commented on the stock. TD Securities upped their target price on shares of Cameco from C$79.00 to C$80.00 in a research report on Monday, July 22nd. Cantor Fitzgerald upgraded Cameco from a hold rating to a strong-buy rating in a report on Wednesday, July 31st. CIBC raised their target price on Cameco from C$74.00 to C$80.00 and gave the stock an outperform rating in a report on Thursday, June 20th. National Bankshares set a C$74.00 price target on Cameco and gave the company an outperform rating in a research note on Wednesday. Finally, Canaccord Genuity Group reduced their price objective on shares of Cameco from C$80.00 to C$75.00 and set a buy rating on the stock in a research note on Tuesday, July 30th. Eight analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Buy and an average price target of C$77.20.
Check Out Our Latest Research Report on Cameco
Cameco Price Performance
Cameco (TSE:CCO – Get Free Report) (NYSE:CCJ) last posted its quarterly earnings data on Wednesday, July 31st. The company reported C$0.14 earnings per share for the quarter, missing the consensus estimate of C$0.39 by C($0.25). Cameco had a return on equity of 4.23% and a net margin of 9.70%. Equities research analysts expect that Cameco will post 1.3534982 EPS for the current fiscal year.
Insider Activity
In other Cameco news, Director Catherine Gignac purchased 5,500 shares of the company’s stock in a transaction dated 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. In other Cameco news, Senior Officer Cory John-Paul Kos acquired 500 shares of Cameco stock in a transaction that occurred on Monday, August 19th. The shares were acquired at an average cost of C$56.23 per share, with a total value of C$28,115.00. Also, Director Catherine Gignac bought 5,500 shares of the stock in a transaction on Friday, August 2nd. The shares were acquired at an average cost of C$52.99 per share, with a total value of C$291,417.50. Insiders own 0.15% of the company’s stock.
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.
Recommended Stories
- Five stocks we like better than Cameco
- How to Use the MarketBeat Stock Screener
- Does GTA VI Make Take-Two Interactive Stock an Irresistible Buy?
- Stock Market Sectors: What Are They and How Many Are There?
- Why HPE’s Dip Is a Prime Opportunity for Blue-Chip AI Investors
- What is a Special Dividend?
- Why Analysts See Big Upside for Occidental Petroleum Despite Lows
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.