Cameco (TSE:CCO) Releases Quarterly Earnings Results

Cameco (TSE:CCO) (NYSE:CCJ) announced its quarterly earnings data on Friday. The company reported C$0.50 EPS for the quarter, FiscalAI reports. The company had revenue of C$1.20 billion during the quarter. Cameco had a return on equity of 1.89% and a net margin of 4.17%.

Cameco Stock Performance

Shares of TSE CCO opened at C$153.94 on Friday. The company has a debt-to-equity ratio of 20.35, a current ratio of 2.88 and a quick ratio of 3.74. Cameco has a one year low of C$49.75 and a one year high of C$182.72. The business’s 50-day moving average price is C$146.24 and its two-hundred day moving average price is C$127.28. The company has a market capitalization of C$67.03 billion, a P/E ratio of 127.22, a price-to-earnings-growth ratio of 2.22 and a beta of 1.24.

Analyst Ratings Changes

Several brokerages have recently commented on CCO. TD Securities upped their target price on Cameco from C$150.00 to C$185.00 in a report on Thursday, January 22nd. Raymond James Financial upped their price objective on shares of Cameco from C$165.00 to C$180.00 in a research note on Monday, February 9th. Stifel Nicolaus boosted their price target on shares of Cameco from C$165.00 to C$180.00 and gave the company a “buy” rating in a report on Wednesday. Bank of America upped their price target on shares of Cameco from C$130.00 to C$175.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Finally, UBS Group upgraded shares of Cameco to a “hold” rating in a research report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$160.30.

Cameco Company Profile

Cameco is one of the world’s largest uranium producers. When operating at normal production, the flagship McArthur River mine in Saskatchewan accounts for roughly 50% of output in normal market conditions. Amid years of uranium price weakness, the company has reduced production, instead purchasing from the spot market to meet contracted deliveries. In the long term, Cameco has the ability increase annual uranium production by restarting shut mines and investing in new ones. In addition to its large uranium mining business, Cameco operates uranium conversion and fabrication facilities.