National Bank Financial Expects Reduced Earnings for Cameco

Cameco Co. (TSE:CCO) (NYSE:CCJ) – National Bank Financial cut their FY2024 EPS estimates for shares of Cameco in a research report issued on Wednesday, February 12th. National Bank Financial analyst M. Sidibe now forecasts that the company will post earnings per share of $0.62 for the year, down from their previous estimate 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 research analysts have also issued research reports about the stock. Royal Bank of Canada lifted their price objective on shares of Cameco from C$75.00 to C$90.00 in a report on Thursday, November 21st. Eight Capital lifted their price objective on shares of Cameco from C$80.00 to C$90.00 in a report on Friday, November 8th. Raymond James lifted their price objective on shares of Cameco from C$81.00 to C$88.00 in a report on Friday, November 22nd. BMO Capital Markets lifted their price objective on shares of Cameco from C$78.00 to C$84.00 in a report on Friday, November 8th. Finally, National Bankshares lifted their price objective on shares of Cameco from C$85.00 to C$87.00 in a report on Friday, November 8th. Five investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Cameco currently has an average rating of “Buy” and an average price target of C$84.30.

Cameco Trading Up 1.7 %

Shares of CCO opened at C$68.00 on Monday. Cameco has a 1-year low of C$48.71 and a 1-year high of C$88.18. The company has a 50-day moving average of C$74.02 and a 200 day moving average of C$69.02. The firm has a market capitalization of C$29.93 billion, a price-to-earnings ratio of 256.93, a PEG ratio of 2.22 and a beta of 0.90. The company has a debt-to-equity ratio of 20.35, a current ratio of 2.88 and a quick ratio of 3.74.

Insider Transactions at Cameco

In other Cameco news, Senior Officer Tim Scott Gitzel sold 50,000 shares of the business’s stock in a transaction that occurred on 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. Also, Senior Officer Lisa Lorene Aitken sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of C$81.17, for a total transaction of C$121,755.00. Insiders have sold a total of 64,900 shares of company stock valued at $5,525,397 in the last 90 days. Insiders own 0.15% 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.