Cameco Corp (TSE:CCO) (NYSE:CCJ) – Investment analysts at Raymond James lowered their Q3 2019 earnings estimates for Cameco in a research note issued on Thursday, September 26th, according to Zacks Investment Research. Raymond James analyst B. Macarthur now forecasts that the company will post earnings per share of $0.01 for the quarter, down from their prior estimate of $0.06. Raymond James has a “Outperform” rating and a $16.00 price objective on the stock. Raymond James also issued estimates for Cameco’s Q4 2019 earnings at $0.07 EPS.
Cameco (TSE:CCO) (NYSE:CCJ) last announced its quarterly earnings data on Thursday, July 25th. The company reported C($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.03) by C($0.01). The business had revenue of C$388.00 million for the quarter. During the same quarter last year, the company posted ($0.06) earnings per share.
Several other research analysts have also weighed in on CCO. Royal Bank of Canada decreased their price objective on shares of Cameco from C$15.00 to C$14.00 and set a “sector perform” rating for the company in a report on Tuesday, July 16th. TD Securities decreased their price objective on shares of Cameco from C$14.50 to C$14.00 and set a “hold” rating for the company in a report on Friday, September 13th. BMO Capital Markets decreased their price target on shares of Cameco from C$17.00 to C$16.00 in a report on Thursday, September 26th. CIBC decreased their price target on shares of Cameco from C$15.00 to C$13.00 in a report on Friday, September 6th. Finally, Eight Capital decreased their price target on shares of Cameco from C$18.00 to C$17.00 in a report on Monday, July 15th.
CCO stock traded down C$0.32 during mid-day trading on Friday, hitting C$12.36. 441,800 shares of the company were exchanged, compared to its average volume of 883,876. The company has a market capitalization of $4.89 billion and a PE ratio of 33.41. The company has a current ratio of 2.59, a quick ratio of 1.61 and a debt-to-equity ratio of 30.32. Cameco has a twelve month low of C$10.70 and a twelve month high of C$17.12. The firm has a fifty day simple moving average of C$12.17 and a 200 day simple moving average of C$13.43.
Cameco Corporation produces and sells uranium worldwide. The company operates in 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. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; and the Inkai property located in Kazakhstan.
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