Cameco (CCJ) Set to Release Quarterly Earnings

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

Cameco Stock Performance

As of Wednesday, CCJ shares opened at $51.27, reflecting a slight increase of 0.2%. The company has a quick ratio of 1.48 and a current ratio of 3.22, indicating good liquidity. Its debt-to-equity ratio is 0.23, suggesting a moderate level of debt. Throughout the past year, Cameco's stock has fluctuated between a 52-week low of $35.43 and a high of $58.72. With a market capitalization of $22.31 billion, the company has a PE ratio of 119.23 and a beta of 0.89, showing less volatility compared to the market. The fifty-day moving average stands at $47.56, while the 200-day moving average is $48.09.

Analyst Opinions and Ratings

Recently, several analysts have shared their insights on Cameco shares. Cantor Fitzgerald upgraded CCJ from a “neutral” to an “overweight” rating as of July 31st. On September 3rd, National Bank Financial also raised their rating to “strong-buy.” However, on August 19th, Scotiabank adjusted their price target for the stock from $81.00 to $80.00 while maintaining an “outperform” rating. Janney Montgomery Scott reiterated a “strong-buy” rating on October 4th. Furthermore, Glj Research sustained a “buy” rating and set a target price of $63.73. Currently, the stock holds one sell rating, five buy ratings, and two strong buy ratings, resulting in an average rating of “Buy” and a consensus price target of $66.56, according to data from MarketBeat.com.

About Cameco Corporation

Cameco Corporation plays a vital role in providing uranium for electricity generation. The company operates through several segments, including Uranium, Fuel Services, and Westinghouse. Specifically, the Uranium segment focuses on the exploration, mining, and milling of uranium, while the Fuel Services segment involves the refining, conversion, and fabrication of uranium concentrate, along with the trading of conversion services.

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Cameco, Earnings, Stocks