Equities Analysts Issue Forecasts for Cameco FY2024 Earnings

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Equities research analysts at National Bank Financial boosted their FY2024 earnings estimates for Cameco in a research report issued on Wednesday, November 13th. National Bank Financial analyst M. Sidibe now anticipates that the company will post earnings per share of $0.69 for the year, up from their previous estimate of $0.66. National Bank Financial has a “Strong-Buy” rating on the stock. National Bank Financial also issued estimates for Cameco’s FY2025 earnings at $1.64 EPS.

CCO has been the subject of a number of other reports. BMO Capital Markets lifted their price target on shares of Cameco from C$78.00 to C$84.00 in a research report on Friday, November 8th. Cantor Fitzgerald upgraded shares of Cameco from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 31st. Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a research report on Friday, October 4th. TD Securities lifted their price target on shares of Cameco from C$79.00 to C$80.00 in a research report on Monday, July 22nd. Finally, 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. Seven research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Cameco presently has a consensus rating of “Buy” and an average price target of C$81.40.

Cameco Price Performance

Cameco stock opened at C$78.37 on Monday. Cameco has a 12-month low of C$48.71 and a 12-month high of C$81.12. The stock has a market cap of C$34.11 billion, a P/E ratio of 127.93, a PEG ratio of 2.22 and a beta of 0.90. The company has a 50-day moving average price of C$66.66 and a 200 day moving average price of C$66.14. The company has a current ratio of 3.22, a quick ratio of 3.74 and a debt-to-equity ratio of 25.39.

Insider Activity

In related news, Senior Officer Ronald Liam Mooney sold 3,400 shares of Cameco 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 value of C$239,666.00. Insiders own 0.15% of the company’s stock.

Cameco Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be paid a $0.16 dividend. This is a positive change from Cameco’s previous annual dividend of $0.12. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a dividend yield of 0.22%. Cameco’s dividend payout ratio (DPR) is presently 20.34%.

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.