Cameco (CCO) Earnings Announcement Scheduled for November 7th

Cameco Corporation, trading under the symbols TSE:CCO and NYSE:CCJ, is expected to announce its quarterly earnings on Thursday, November 7th, prior to the market opening. Analysts anticipate that the company will report earnings of C$0.31 per share for the quarter.

Cameco's Stock Performance

On Wednesday, CCO stock opened at C$70.98, reflecting a modest decrease of 0.2%. The company boasts a quick ratio of 3.74, demonstrating strong liquidity, alongside a current ratio of 3.22. Cameco has a debt-to-equity ratio of 25.39, indicating a relatively low level of debt compared to equity. Over the last 50 days, the average price of Cameco shares was C$63.76, while the 200-day moving average price was C$65.74. The stock has seen significant fluctuations, with a twelve-month low of C$48.71 and a high of C$81.12. Currently, Cameco carries a market capitalization of C$30.89 billion, a price-to-earnings ratio of 120.31, a PEG ratio of 2.22, and a beta of 0.90, suggesting that it is less volatile than the market.

Analyst Ratings and Changes

Recently, several analysts have provided updated ratings for Cameco shares. On September 3rd, National Bank Financial upgraded Cameco to a 'strong-buy' rating. Following this, on October 24th, they increased their target price from C$74.00 to C$85.00, assigning an 'outperform' label. Meanwhile, TD Securities increased their price target to C$80.00 on July 22nd. Scotiabank adjusted their target price downward from C$81.00 to C$80.00, while Canaccord Genuity raised theirs from C$75.00 to C$78.00, maintaining a 'buy' rating. Overall, eight analysts have issued a 'buy' rating, and four have labeled the stock as a strong buy. Data from MarketBeat.com reveals that Cameco currently holds a consensus rating of 'Buy' with an average target price set at C$78.60.

Insider Transactions

In recent insider news, Cory John-Paul Kos, a senior officer, purchased 500 shares of Cameco on August 19th at an average price of C$56.23, totaling C$28,115. Additionally, Ronald Liam Mooney, another senior officer, sold 3,400 shares on October 4th at an average price of C$70.49, culminating in a transaction of C$239,666. Company insiders hold approximately 0.15% of the stock.

About Cameco Corporation

Cameco Corporation specializes in the production of uranium used in electricity generation. The company operates across multiple segments, including Uranium, Fuel Services, and Westinghouse. Within the Uranium segment, they explore, mine, mill, purchase, and sell uranium concentrate. The Fuel Services division focuses on refining, converting, and fabricating uranium and related services.

Cameco, Earnings, Stock