Cameco Co. Forecasted to Earn Q2 2022 Earnings of $0.00 Per Share (TSE:CCO)

Cameco Co. (TSE:CCOGet Rating) (NYSE:CCJ) – Raymond James reduced their Q2 2022 earnings estimates for shares of Cameco in a research report issued to clients and investors on Tuesday, April 19th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings per share of $0.00 for the quarter, down from their previous forecast of $0.01. Raymond James currently has a “Outperform” rating and a $47.00 target price on the stock. Raymond James also issued estimates for Cameco’s Q4 2022 earnings at $0.15 EPS and FY2022 earnings at $0.24 EPS.

A number of other analysts have also recently weighed in on CCO. Canaccord Genuity Group increased their price objective on Cameco from C$34.00 to C$37.00 in a research report on Thursday, February 10th. Eight Capital increased their price objective on shares of Cameco from C$38.00 to C$48.00 and gave the company a “buy” rating in a research report on Thursday. Royal Bank of Canada upgraded Cameco from a “sector perform” rating to a “buy” rating and increased their target price for the company from C$30.00 to C$50.00 in a research note on Monday, April 11th. CIBC began coverage on Cameco in a research note on Wednesday, January 19th. They set a “buy” rating and a C$37.00 price objective on the stock. Finally, Bank of America raised their price target on Cameco from C$40.00 to C$46.00 and gave the company a “buy” rating in a report on Tuesday, April 12th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$42.09.

Cameco stock opened at C$35.29 on Friday. Cameco has a 1-year low of C$19.68 and a 1-year high of C$41.05. The company has a debt-to-equity ratio of 21.01, a current ratio of 5.18 and a quick ratio of 3.90. The stock has a market cap of C$14.06 billion and a PE ratio of -135.73. The stock’s fifty day moving average is C$33.85 and its two-hundred day moving average is C$30.70.

Cameco (TSE:CCOGet Rating) (NYSE:CCJ) last issued its quarterly earnings data on Wednesday, February 9th. The company reported C$0.06 earnings per share for the quarter, topping the consensus estimate of C($0.02) by C$0.08. The business had revenue of C$465.00 million during the quarter.

The business also recently declared an annual dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be given a $0.12 dividend. This represents a dividend yield of 0.42%. The ex-dividend date of this dividend is Tuesday, November 29th. This is a positive change from Cameco’s previous annual dividend of $0.08. Cameco’s payout ratio is -30.77%.

In other Cameco news, Senior Officer David Fehr Doerksen sold 10,562 shares of the stock in a transaction on Monday, February 28th. The stock was sold at an average price of C$30.78, for a total transaction of C$325,098.36. Following the completion of the transaction, the insider now directly owns 14,337 shares of the company’s stock, valued at C$441,292.86. Also, Senior Officer Ronald Liam Mooney sold 9,670 shares of the stock in a transaction on Friday, March 11th. The stock was sold at an average price of C$34.84, for a total value of C$336,902.80. Following the sale, the insider now owns 26,748 shares in the company, valued at approximately C$931,900.32. Insiders sold a total of 37,482 shares of company stock worth $1,147,416 in the last quarter.

Cameco Company Profile (Get Rating)

Cameco Corporation produces and sells uranium. It operates through two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as 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.

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Earnings History and Estimates for Cameco (TSE:CCO)

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