Cameco (TSE:CCO) Posts Earnings Results

Cameco (TSE:CCO) (NYSE:CCJ) announced its earnings results on Friday. The company reported C($0.01) earnings per share for the quarter, reports. The business had revenue of C$619.06 million for the quarter. Cameco had a return on equity of 5.09% and a net margin of 10.21%.

Cameco Stock Down 7.7%

Shares of TSE CCO opened at C$107.60 on Friday. The company has a market capitalization of C$46.86 billion, a price-to-earnings ratio of 132.84, a price-to-earnings-growth ratio of 2.22 and a beta of 1.19. The company has a debt-to-equity ratio of 14.14, a current ratio of 3.06 and a quick ratio of 3.74. The business has a 50-day moving average of C$127.11 and a two-hundred day moving average of C$144.53. Cameco has a 1 year low of C$103.29 and a 1 year high of C$182.72.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CCO shares. Truist Financial raised shares of Cameco to a “strong-buy” rating in a report on Monday, July 13th. Royal Bank Of Canada set a C$184.00 price objective on shares of Cameco and gave the stock an “outperform” rating in a research report on Thursday, September 24th. Jefferies Financial Group set a C$190.00 target price on shares of Cameco and gave the stock a “buy” rating in a research note on Thursday, September 3rd. UBS Group upgraded Cameco from a “hold” rating to a “buy” rating and set a C$166.00 target price on the stock in a research report on Monday, July 27th. Finally, TD set a C$190.00 price target on Cameco and gave the company a “buy” rating in a research note on Thursday, September 24th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Cameco presently has an average rating of “Buy” and a consensus price target of C$180.18.

Key Headlines Impacting Cameco

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: Cameco reported third-quarter net profit of approximately $43 million, while revenue edged higher from the year-earlier period. Management said year-to-date performance was broadly in line with expectations and that nuclear-industry fundamentals continue to strengthen. Cameco reports third-quarter profit and revenue
• Positive Sentiment: An investor commentary argues that the recent decline does not reflect a broken business, citing Cameco’s strategic position in uranium and the potential for stronger nuclear demand; this may support dip-buying interest. Why an investor would buy Cameco
• Neutral Sentiment: Cameco announced executive changes. Without additional details on the roles or transition plans, the immediate financial impact is unclear. Cameco announces executive changes
• Negative Sentiment: The company raised unit-cost guidance to about C$70 per pound and reduced its production outlook. Higher costs and lower expected output could constrain margins and cash flow. Cameco raises unit-cost guidance and cuts production outlook
• Negative Sentiment: Reports highlighted a year-to-date profit decline, narrower fiscal-year guidance and a year-over-year adjusted net loss. The quarterly report also showed approximately C$0.01 in loss per share, reinforcing concerns about near-term profitability. Cameco nine-month profit and guidance

About Cameco

Cameco is one of the largest global providers of the uranium fuel needed to power a secure energy future. Our competitive position is based on our controlling ownership of the world’s largest high-grade reserves and low-cost operations, as well as significant investments across the nuclear fuel cycle, including ownership interests in Westinghouse Electric Company and Global Laser Enrichment. Utilities around the world rely on Cameco to provide global nuclear fuel solutions for the generation of safe, reliable, carbon-free nuclear power.