Cameco FY2024 EPS Estimate Raised by National Bank Financial

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Equities research analysts at National Bank Financial boosted their FY2024 earnings per share estimates for shares of Cameco in a research note issued on Monday, January 27th. National Bank Financial analyst M. Sidibe now anticipates that the company will earn $0.73 per share for the year, up from their previous forecast of $0.69. National Bank Financial also issued estimates for Cameco’s FY2026 earnings at $1.75 EPS.

Cameco (TSE:CCO) (NYSE:CCJ) last released its earnings results on Thursday, November 7th. The company reported C($0.01) EPS for the quarter, missing the consensus estimate of C$0.23 by C($0.24). Cameco had a return on equity of 4.23% and a net margin of 9.70%. During the same period in the prior year, the company earned $0.32 earnings per share.

Several other research analysts also recently issued reports on CCO. Scotiabank upped their target price on shares of Cameco from C$80.00 to C$86.00 in a research note on Tuesday, November 19th. Royal Bank of Canada upped their price objective on Cameco from C$75.00 to C$90.00 in a research report on Thursday, November 21st. Eight Capital lifted their target price on Cameco from C$80.00 to C$90.00 in a report on Friday, November 8th. BMO Capital Markets upped their price target on Cameco from C$78.00 to C$84.00 in a report on Friday, November 8th. Finally, Raymond James lifted their price objective on Cameco from C$81.00 to C$88.00 in a report on Friday, November 22nd. Five investment analysts have rated the stock with a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, Cameco currently has an average rating of “Buy” and an average target price of C$84.30.

Cameco Stock Performance

Shares of Cameco stock opened at C$72.83 on Wednesday. The stock has a market cap of C$31.69 billion, a price-to-earnings ratio of 123.44, a PEG ratio of 2.22 and a beta of 0.90. The company has a debt-to-equity ratio of 25.39, a current ratio of 3.22 and a quick ratio of 3.74. Cameco has a 1 year low of C$48.71 and a 1 year high of C$88.18. The firm’s 50-day moving average is C$77.37 and its 200 day moving average is C$68.80.

Insider Buying and Selling at Cameco

In related news, Senior Officer Sean Anthony Quinn sold 13,400 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of C$83.63, for a total value of C$1,120,642.00. Also, Senior Officer Tim Scott Gitzel sold 50,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of C$85.66, for a total value of C$4,283,000.00. Insiders sold a total of 80,962 shares of company stock worth $6,800,456 in the last three months. 0.15% of the stock is currently owned by company insiders.

Cameco Increases Dividend

The company also recently announced an annual dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were given a $0.16 dividend. This represents a yield of 0.22%. This is a boost from Cameco’s previous annual dividend of $0.12. The ex-dividend date was Wednesday, November 27th. Cameco’s dividend payout ratio (DPR) is presently 20.34%.

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.