Raymond James Equities Analysts Boost Earnings Estimates for Cameco Co. (NYSE:CCJ)

Cameco Co. (NYSE:CCJ) (TSE:CCO) – Investment analysts at Raymond James upped their Q3 2024 EPS estimates for Cameco in a note issued to investors on Tuesday, April 30th. Raymond James analyst B. Macarthur now expects that the basic materials company will earn $0.32 per share for the quarter, up from their prior forecast of $0.31. The consensus estimate for Cameco’s current full-year earnings is $1.53 per share. Raymond James also issued estimates for Cameco’s FY2024 earnings at $0.93 EPS.

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

Cameco Stock Down 0.0 %

NYSE CCJ opened at $48.41 on Friday. The business’s fifty day simple moving average is $45.07 and its 200-day simple moving average is $44.31. The company has a quick ratio of 0.97, a current ratio of 1.42 and a debt-to-equity ratio of 0.17. The firm has a market cap of $21.02 billion, a PE ratio of 124.13 and a beta of 0.92. Cameco has a 52 week low of $26.15 and a 52 week high of $52.64.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Thursday, February 8th. The basic materials company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.06). The company had revenue of $620.00 million during the quarter. Cameco had a net margin of 9.28% and a return on equity of 4.60%.

Institutional Investors Weigh In On Cameco

A number of institutional investors have recently made changes to their positions in CCJ. Murphy Pohlad Asset Management LLC boosted its position in shares of Cameco by 0.3% during the 1st quarter. Murphy Pohlad Asset Management LLC now owns 75,720 shares of the basic materials company’s stock worth $3,280,000 after purchasing an additional 200 shares during the period. Lindbrook Capital LLC boosted its position in shares of Cameco by 26.0% during the first quarter. Lindbrook Capital LLC now owns 1,070 shares of the basic materials company’s stock worth $46,000 after buying an additional 221 shares during the period. Meitav Investment House Ltd. boosted its position in shares of Cameco by 2.8% during the fourth quarter. Meitav Investment House Ltd. now owns 8,897 shares of the basic materials company’s stock worth $383,000 after buying an additional 240 shares during the period. Fifth Third Bancorp raised its holdings in shares of Cameco by 12.3% in the 1st quarter. Fifth Third Bancorp now owns 2,290 shares of the basic materials company’s stock valued at $99,000 after buying an additional 250 shares during the period. Finally, Highview Capital Management LLC DE lifted its stake in Cameco by 4.4% during the 1st quarter. Highview Capital Management LLC DE now owns 5,946 shares of the basic materials company’s stock worth $258,000 after acquiring an additional 250 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

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.