Cameco (NYSE:CCJ) Releases Earnings Results, Hits Expectations

Cameco (NYSE:CCJ) (TSE:CCO) posted its quarterly earnings results on Thursday. The basic materials company reported $0.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.26, Zacks reports. The business had revenue of $845.54 million during the quarter, compared to the consensus estimate of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. Cameco updated its FY 2025 guidance to EPS.

Cameco Stock Down 6.4 %

Shares of NYSE CCJ opened at $43.56 on Friday. The stock has a market cap of $18.96 billion, a P/E ratio of 155.55 and a beta of 0.94. The firm has a 50 day moving average price of $51.00 and a 200 day moving average price of $49.62. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. Cameco has a 52-week low of $35.43 and a 52-week high of $62.55.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Cameco from a “sell” rating to a “hold” rating in a research note on Friday. One research analyst has rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Cameco currently has a consensus rating of “Buy” and a consensus target price of $66.56.

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.