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

Cameco Co. (NYSE:CCJ) (TSE:CCO) – Analysts at Raymond James lowered their Q3 2024 earnings estimates for Cameco in a note issued to investors on Monday, April 22nd. Raymond James analyst B. Macarthur now forecasts that the basic materials company will earn $0.31 per share for the quarter, down from their prior forecast 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.

CCJ has been the topic of several other research reports. The Goldman Sachs Group assumed coverage on shares of Cameco in a report on Monday, April 1st. They set a “buy” rating and a $55.00 price objective on the stock. StockNews.com downgraded shares of Cameco from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Cameco has an average rating of “Moderate Buy” and an average target price of $62.75.

Cameco Stock Performance

Shares of Cameco stock opened at $48.76 on Thursday. Cameco has a one year low of $25.42 and a one year high of $52.64. 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 capitalization of $21.17 billion, a PE ratio of 81.27 and a beta of 0.92. The company has a 50-day simple moving average of $44.15 and a two-hundred day simple moving average of $43.81.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CCJ. Venturi Wealth Management LLC lifted its position in shares of Cameco by 235.3% during the 1st quarter. Venturi Wealth Management LLC now owns 570 shares of the basic materials company’s stock valued at $25,000 after buying an additional 400 shares in the last quarter. Principal Securities Inc. purchased a new position in shares of Cameco during the 4th quarter valued at approximately $29,000. Allworth Financial LP lifted its position in shares of Cameco by 1,049.2% during the 3rd quarter. Allworth Financial LP now owns 747 shares of the basic materials company’s stock valued at $30,000 after buying an additional 682 shares in the last quarter. Versant Capital Management Inc purchased a new position in shares of Cameco during the 4th quarter valued at approximately $34,000. Finally, Sandy Spring Bank purchased a new position in shares of Cameco during the 4th quarter valued at approximately $43,000. Hedge funds and other institutional investors own 70.21% 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.