Q3 2024 Earnings Estimate for Cameco Co. (NYSE:CCJ) Issued By Raymond James

Cameco Co. (NYSE:CCJ) (TSE:CCO) – Equities researchers at Raymond James cut their Q3 2024 earnings per share estimates for Cameco in a report issued on Monday, April 22nd. Raymond James analyst B. Macarthur now anticipates that the basic materials company will post earnings of $0.31 per share for the quarter, down from their prior estimate of $0.32. The consensus estimate for Cameco’s current full-year earnings is $1.55 per share. Raymond James also issued estimates for Cameco’s FY2024 earnings at $1.25 EPS.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Thursday, February 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). The company had revenue of $620.00 million during the quarter. Cameco had a net margin of 13.97% and a return on equity of 5.61%.

A number of other research firms also recently commented on CCJ. The Goldman Sachs Group began coverage on Cameco in a research report on Monday, April 1st. They set a “buy” rating and a $55.00 target price on the stock. StockNews.com downgraded Cameco from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Cameco presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.75.

Cameco Stock Up 0.2 %

CCJ opened at $48.76 on Thursday. The business’s fifty day moving average is $44.15 and its two-hundred day moving average is $43.81. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.97 and a current ratio of 1.55. The company has a market cap of $21.17 billion, a price-to-earnings ratio of 81.27 and a beta of 0.92. Cameco has a one year low of $25.42 and a one year high of $52.64.

Hedge Funds Weigh In On Cameco

Institutional investors have recently added to or reduced their stakes in the business. Venturi Wealth Management LLC increased its stake in Cameco by 235.3% in the first quarter. Venturi Wealth Management LLC now owns 570 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 400 shares during the last quarter. Principal Securities Inc. acquired a new stake in Cameco during the fourth quarter worth about $29,000. Allworth Financial LP increased its stake in Cameco by 1,049.2% during the third quarter. Allworth Financial LP now owns 747 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 682 shares during the last quarter. Versant Capital Management Inc acquired a new stake in Cameco during the fourth quarter worth about $34,000. Finally, Sandy Spring Bank acquired a new stake in Cameco during the fourth quarter worth about $43,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

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.