Cameco (TSE:CCO) Issues Earnings Results

Cameco (TSE:CCO) (NYSE:CCJ) issued its quarterly earnings results on Friday. The company reported C($0.01) EPS for the quarter, reports. The business had revenue of C$619.06 million for the quarter. Cameco had a net margin of 10.21% and a return on equity of 5.09%.

Cameco Stock Performance

Shares of TSE:CCO traded down C$9.67 during trading on Friday, hitting C$106.96. The company’s stock had a trading volume of 2,819,842 shares, compared to its average volume of 1,025,781. Cameco has a 12 month low of C$103.29 and a 12 month high of C$182.72. The company has a 50-day moving average of C$127.60 and a 200-day moving average of C$144.76. The company has a debt-to-equity ratio of 14.14, a current ratio of 3.06 and a quick ratio of 3.74. The firm has a market cap of C$46.58 billion, a price-to-earnings ratio of 132.05, a P/E/G ratio of 2.22 and a beta of 1.19.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Truist Financial upgraded shares of Cameco to a “strong-buy” rating in a research note on Monday, July 13th. Barclays decreased their price objective on Cameco from C$149.00 to C$147.00 in a report on Thursday, July 16th. Jefferies Financial Group set a C$190.00 price target on shares of Cameco and gave the stock a “buy” rating in a research note on Thursday, September 3rd. TD set a C$190.00 price target on shares of Cameco and gave the company a “buy” rating in a research report on Thursday, September 24th. Finally, UBS Group upgraded Cameco from a “hold” rating to a “buy” rating and set a C$166.00 target price on the stock in a report on Monday, July 27th. 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 data from MarketBeat.com, Cameco has a consensus rating of “Buy” and a consensus target price of C$180.18.

Cameco Company Profile

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.