National Bank Financial Expects Reduced Earnings for Cameco

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Analysts at National Bank Financial decreased their FY2024 EPS estimates for shares of Cameco in a report issued on Wednesday, February 12th. National Bank Financial analyst M. Sidibe now anticipates that the company will post earnings of $0.62 per share for the year, down from their previous forecast of $0.73. National Bank Financial also issued estimates for Cameco’s FY2024 earnings at $0.62 EPS, FY2025 earnings at $1.60 EPS, FY2025 earnings at $1.60 EPS, FY2026 earnings at $1.85 EPS and FY2026 earnings at $1.85 EPS.

Other equities analysts have also recently issued reports about the stock. Royal Bank of Canada boosted their target price on shares of Cameco from C$75.00 to C$90.00 in a research note on Thursday, November 21st. Scotiabank boosted their target price on shares of Cameco from C$80.00 to C$86.00 in a research note on Tuesday, November 19th. Raymond James boosted their target price on shares of Cameco from C$81.00 to C$88.00 in a research note on Friday, November 22nd. Eight Capital upped their price objective on shares of Cameco from C$80.00 to C$90.00 in a research report on Friday, November 8th. Finally, National Bankshares upped their price objective on shares of Cameco from C$85.00 to C$87.00 in a research report on Friday, November 8th. Five analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$84.30.

Cameco Stock Performance

CCO opened at C$68.00 on Monday. The company has a debt-to-equity ratio of 20.35, a current ratio of 2.88 and a quick ratio of 3.74. The firm has a fifty day moving average price of C$74.02 and a 200 day moving average price of C$69.02. Cameco has a 1 year low of C$48.71 and a 1 year high of C$88.18. The stock has a market cap of C$29.93 billion, a P/E ratio of 256.93, a P/E/G ratio of 2.22 and a beta of 0.90.

Insider Transactions at Cameco

In other news, Senior Officer Sean Anthony Quinn sold 13,400 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of C$83.63, for a total transaction of C$1,120,642.00. Also, Senior Officer Tim Scott Gitzel sold 50,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of C$85.66, for a total transaction of C$4,283,000.00. Insiders sold 64,900 shares of company stock valued at $5,525,397 over the last 90 days. 0.15% of the stock is currently owned by corporate insiders.

Cameco Company Profile

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.