Cameco (CCJ) Set to Announce Quarterly Earnings

Cameco (NYSE:CCJ – Get Free Report) (TSE:CCO) is gearing up to release its quarterly earnings before the market opens on Thursday, November 7th. Analysts have estimated that the company will report earnings of $0.39 per share for the quarter.

Cameco Stock Performance

On Wednesday, shares of CCJ opened at $51.27, indicating a slight increase of 0.2%. The company’s financial metrics include a quick ratio of 1.48, a current ratio of 3.22, and a debt-to-equity ratio of 0.23. Over the past year, Cameco's stock has seen a low of $35.43 and a high of $58.72. The market capitalization of Cameco stands at $22.31 billion, with a PE ratio of 119.23 and a beta of 0.89. The fifty-day moving average is at $47.56, while the two-hundred-day moving average is at $48.09.

Analyst Ratings and Forecasts

Recent evaluations from analysts highlight a positive outlook for Cameco. Cantor Fitzgerald upgraded their rating from “neutral” to “overweight” on July 31st. On September 3rd, National Bank Financial boosted their rating, indicating a “strong-buy.” Conversely, Scotiabank adjusted their price target from $81.00 to $80.00 while maintaining an “outperform” rating as of August 19th. Janney Montgomery Scott also upgraded Cameco to a “strong-buy” rating on October 4th. Additionally, Glj Research reaffirmed a “buy” rating and set a target price of $63.73 on August 14th. Currently, one analyst has given a sell rating, while five analysts recommend a buy and two suggest a strong buy. The consensus rating for Cameco stock is “Buy,” with an average target price of $66.56 according to MarketBeat.com.

About Cameco Corporation

Cameco Corporation is a prominent provider of uranium essential for electricity generation. The company operates through various segments including Uranium, Fuel Services, and Westinghouse. The Uranium segment focuses on the exploration, mining, and milling, as well as the buying and selling of uranium concentrate. Meanwhile, the Fuel Services division is involved in refining, converting, and fabricating uranium concentrate, along with the purchasing and selling of conversion services.

Cameco, Earnings, Stocks