Cameco Co. (TSE:CCO – Free Report) (NYSE:CCJ) – Equities research analysts at Raymond James boosted their FY2023 EPS estimates for Cameco in a report released on Thursday, September 14th. Raymond James analyst B. Macarthur now anticipates that the company will earn $0.80 per share for the year, up from their previous forecast of $0.78. Raymond James has a “Outperform” rating and a $56.00 price objective on the stock. The consensus estimate for Cameco’s current full-year earnings is $1.99 per share. Raymond James also issued estimates for Cameco’s Q4 2023 earnings at $0.35 EPS and FY2024 earnings at $2.44 EPS.
Other equities research analysts have also recently issued research reports about the company. Royal Bank of Canada boosted their price objective on Cameco from C$49.50 to C$56.00 in a research note on Tuesday, September 5th. Eight Capital raised their price objective on shares of Cameco from C$52.00 to C$60.00 and gave the stock a “buy” rating in a research report on Tuesday, September 5th. Scotiabank dropped their price objective on shares of Cameco from C$50.00 to C$49.00 in a research note on Wednesday, June 28th. Finally, TD Securities raised their price target on Cameco from C$51.00 to C$55.00 and gave the stock an “action list buy” rating in a report on Thursday, August 3rd.
Cameco Stock Performance
TSE CCO opened at C$54.52 on Monday. The company has a debt-to-equity ratio of 18.86, a current ratio of 3.64 and a quick ratio of 3.74. Cameco has a 1 year low of C$28.98 and a 1 year high of C$56.36. The company has a market capitalization of C$23.62 billion, a PE ratio of 247.82, a P/E/G ratio of 2.22 and a beta of 0.94. The company has a fifty day moving average of C$46.83 and a two-hundred day moving average of C$40.61.
Cameco (TSE:CCO – Get Free Report) (NYSE:CCJ) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported C($0.01) EPS for the quarter, missing the consensus estimate of C$0.22 by C($0.23). Cameco had a net margin of 4.70% and a return on equity of 1.79%. The company had revenue of C$482.00 million during the quarter.
About Cameco
Cameco Corporation provides uranium for the generation of electricity. It operates through two segments, Uranium and Fuel Services. 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.
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