Cameco Co. (TSE:CCO) Forecasted to Post Q1 2022 Earnings of $0.16 Per Share


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Cameco Co. (TSE:CCO) (NYSE:CCJ) – Equities research analysts at Raymond James issued their Q1 2022 earnings estimates for Cameco in a report issued on Monday, April 5th. Raymond James analyst B. Macarthur anticipates that the company will earn $0.16 per share for the quarter. Raymond James has a “Outperform” rating and a $22.00 price objective on the stock. Raymond James also issued estimates for Cameco’s Q2 2022 earnings at $0.16 EPS, Q3 2022 earnings at $0.20 EPS and Q4 2022 earnings at $0.28 EPS.

A number of other analysts have also commented on the stock. Scotiabank boosted their price objective on shares of Cameco from C$22.00 to C$23.00 in a research report on Friday, February 12th. Bank of America lowered shares of Cameco from a “buy” rating to a “neutral” rating and upped their price target for the stock from C$21.00 to C$22.75 in a research report on Friday, February 12th. Eight Capital upped their price target on shares of Cameco from C$20.00 to C$22.00 and gave the stock a “strong-buy” rating in a research report on Wednesday. Royal Bank of Canada reaffirmed an “underperform” rating and set a C$15.00 price target on shares of Cameco in a research report on Friday, February 12th. Finally, Cfra upped their price target on shares of Cameco from C$13.00 to C$18.00 in a research report on Friday, February 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of C$20.72.

Shares of CCO stock opened at C$21.86 on Wednesday. The company’s fifty day simple moving average is C$21.17 and its 200-day simple moving average is C$16.56. The company has a quick ratio of 3.82, a current ratio of 6.40 and a debt-to-equity ratio of 20.36. The firm has a market cap of C$8.68 billion and a PE ratio of -163.13. Cameco has a 12 month low of C$11.84 and a 12 month high of C$24.57.

Cameco (TSE:CCO) (NYSE:CCJ) last announced its quarterly earnings data on Wednesday, February 10th. The company reported C$0.12 EPS for the quarter, topping the Zacks’ consensus estimate of C($0.01) by C$0.13. The business had revenue of C$550.00 million during the quarter.

About Cameco

Cameco Corporation produces and sells uranium. 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 property is the Cigar Lake property located in Saskatchewan, Canada.

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