National Bank Financial Comments on Cameco FY2024 Earnings

Cameco Co. (NYSE:CCJ) (TSE:CCO) – Research analysts at National Bank Financial dropped their FY2024 earnings estimates for shares of Cameco in a report issued on Wednesday, February 12th. National Bank Financial analyst M. Sidibe now anticipates that the basic materials company will post earnings per share of $0.43 for the year, down from their prior forecast of $0.50. The consensus estimate for Cameco’s current full-year earnings is $0.44 per share. National Bank Financial also issued estimates for Cameco’s Q4 2024 earnings at $0.25 EPS.

Cameco Stock Down 1.1 %

Shares of NYSE CCJ opened at $49.06 on Friday. The company has a 50 day simple moving average of $52.32 and a 200-day simple moving average of $49.47. The company has a market capitalization of $21.36 billion, a P/E ratio of 258.23 and a beta of 0.94. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. Cameco has a 1 year low of $35.43 and a 1 year high of $62.55.

Hedge Funds Weigh In On Cameco

Institutional investors have recently modified their holdings of the business. Sierra Ocean LLC acquired a new position in shares of Cameco in the fourth quarter worth $25,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Cameco by 71.5% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 238 shares in the last quarter. Hurley Capital LLC acquired a new position in shares of Cameco in the fourth quarter worth $27,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Cameco during the 4th quarter worth $28,000. Finally, Pingora Partners LLC purchased a new stake in shares of Cameco during the 3rd quarter worth $33,000. Institutional investors and hedge funds own 70.21% 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.