Cameco (TSE:CCO) Releases Quarterly Earnings Results

Cameco (TSE:CCO) (NYSE:CCJ) released its earnings results on Friday. The company reported C$0.50 earnings per share for the quarter, FiscalAI reports. Cameco had a return on equity of 1.89% and a net margin of 4.17%.The company had revenue of C$1.20 billion for the quarter.

Cameco Stock Performance

TSE CCO opened at C$153.94 on Friday. The company has a debt-to-equity ratio of 20.35, a current ratio of 2.88 and a quick ratio of 3.74. Cameco has a 1-year low of C$49.75 and a 1-year high of C$182.72. The business has a 50 day simple moving average of C$146.24 and a two-hundred day simple moving average of C$127.15. The stock has a market capitalization of C$67.03 billion, a PE ratio of 127.22, a P/E/G ratio of 2.22 and a beta of 1.24.

Analyst Ratings Changes

CCO has been the subject of a number of recent analyst reports. Sanford C. Bernstein upped their price target on shares of Cameco from C$139.00 to C$201.00 in a research report on Thursday, February 5th. Raymond James Financial upped their target price on shares of Cameco from C$165.00 to C$180.00 in a report on Monday, February 9th. Desjardins raised their price target on Cameco from C$160.00 to C$185.00 and gave the company a “buy” rating in a report on Monday, January 26th. Royal Bank Of Canada lowered their price objective on Cameco from C$160.00 to C$150.00 in a research report on Thursday, November 13th. Finally, UBS Group upgraded Cameco to a “hold” rating in a research report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$160.30.

About Cameco

Cameco is one of the world’s largest uranium producers. When operating at normal production, the flagship McArthur River mine in Saskatchewan accounts for roughly 50% of output in normal market conditions. Amid years of uranium price weakness, the company has reduced production, instead purchasing from the spot market to meet contracted deliveries. In the long term, Cameco has the ability increase annual uranium production by restarting shut mines and investing in new ones. In addition to its large uranium mining business, Cameco operates uranium conversion and fabrication facilities.