Cameco (TSE:CCO – Get Free Report) (NYSE:CCJ) posted its earnings results on Friday. The company reported C($0.01) earnings per share (EPS) for the quarter, reports. Cameco had a net margin of 10.21% and a return on equity of 5.09%. The company had revenue of C$619.06 million during the quarter.
Cameco Trading Down 7.7%
Cameco stock opened at C$107.60 on Friday. The company has a debt-to-equity ratio of 14.14, a quick ratio of 3.74 and a current ratio of 3.06. The stock has a market cap of C$46.86 billion, a PE ratio of 132.84, a price-to-earnings-growth ratio of 2.22 and a beta of 1.19. The stock has a 50-day moving average of C$127.11 and a two-hundred day moving average of C$144.53. Cameco has a one year low of C$103.29 and a one year high of C$182.72.
Cameco News Roundup
Here are the key news stories impacting Cameco this week:
- Positive Sentiment: Cameco reported third-quarter revenue of approximately C$619 million and a C$43 million profit, with revenue slightly higher than a year earlier. Management said year-to-date performance was in line with expectations and that nuclear-industry fundamentals remain strong. Uranium miner Cameco reports third-quarter profit
- Positive Sentiment: The long-term investment case remains supported by growing demand for nuclear power and strengthening uranium-market fundamentals. One market commentary argued that the recent pullback does not mean the underlying business is broken. Cameco stock has fallen but the business is not broken
- Neutral Sentiment: Cameco announced executive changes, though the available report does not specify the roles or strategic implications. Investors may look for further details regarding leadership continuity and execution. Cameco Corporation announces executive changes
- Negative Sentiment: Cameco reduced its production outlook and raised unit-cost guidance to approximately C$70 per pound, signaling weaker operating efficiency and potentially lower near-term output. Cameco lifts unit-cost guidance while cutting production outlook
- Negative Sentiment: Nine-month profit declined, full-year guidance was narrowed, and adjusted results reportedly swung to a year-over-year loss. These developments likely outweighed the quarterly revenue increase and intensified selling, particularly given Cameco’s elevated valuation. Cameco nine-month profit falls and narrows fiscal-year guidance
Analyst Upgrades and Downgrades
Several analysts have commented on the stock. Barclays decreased their price target on shares of Cameco from C$149.00 to C$147.00 in a research report on Thursday, July 16th. National Bank Financial set a C$185.00 price objective on shares of Cameco and gave the stock an “outperform” rating in a research note on Monday, October 5th. Royal Bank Of Canada set a C$184.00 target price on shares of Cameco and gave the company an “outperform” rating in a research report on Thursday, September 24th. TD set a C$190.00 target price on shares of Cameco and gave the company a “buy” rating in a research note on Thursday, September 24th. Finally, Truist Financial raised shares of Cameco to a “strong-buy” rating in a report on Monday, July 13th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$180.18.
Get Our Latest Stock Analysis on Cameco
About Cameco
Cameco is one of the largest global providers of the uranium fuel needed to power a secure energy future. Our competitive position is based on our controlling ownership of the world’s largest high-grade reserves and low-cost operations, as well as significant investments across the nuclear fuel cycle, including ownership interests in Westinghouse Electric Company and Global Laser Enrichment. Utilities around the world rely on Cameco to provide global nuclear fuel solutions for the generation of safe, reliable, carbon-free nuclear power.
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