Cameco (TSE:CCO – Free Report) (NYSE:CCJ) had its target price hoisted by Raymond James from C$66.00 to C$69.00 in a report published on Wednesday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock. Raymond James also issued estimates for Cameco’s Q4 2023 earnings at $0.41 EPS, FY2023 earnings at $0.99 EPS, Q1 2024 earnings at $0.50 EPS, Q2 2024 earnings at $0.60 EPS, Q3 2024 earnings at $0.64 EPS, Q4 2024 earnings at $0.64 EPS and FY2024 earnings at $2.38 EPS.
CCO has been the subject of a number of other reports. Canaccord Genuity Group lifted their target price on Cameco from C$60.00 to C$65.00 and gave the company a buy rating in a research report on Wednesday. Eight Capital raised their target price on shares of Cameco from C$60.00 to C$65.00 and gave the company a buy rating in a research report on Wednesday. TD Securities raised their target price on shares of Cameco from C$55.00 to C$70.00 and gave the company an action list buy rating in a research report on Tuesday, October 3rd. Scotiabank raised their target price on shares of Cameco from C$54.00 to C$70.00 and gave the company an outperform rating in a research report on Friday, September 29th. Finally, Royal Bank of Canada increased their target price on Cameco from C$49.50 to C$56.00 in a research report on Tuesday, September 5th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of Buy and a consensus price target of C$61.63.
Cameco Price Performance
Cameco (TSE:CCO – Get Free Report) (NYSE:CCJ) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported C($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.22 by C($0.23). The firm had revenue of C$482.00 million during the quarter. Cameco had a return on equity of 1.79% and a net margin of 4.70%. As a group, equities analysts anticipate that Cameco will post 2.6772062 EPS for the current year.
Cameco Announces Dividend
The company also recently declared an annual dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be issued a $0.12 dividend. This represents a dividend yield of 0.21%. The ex-dividend date is Wednesday, November 29th. Cameco’s dividend payout ratio is currently 54.55%.
Cameco Corporation provides uranium for the generation of electricity. It operates through two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.
- Five stocks we like better than Cameco
- Stock Trading Terms – Stock Terms Every Investor Needs to Know
- MarketBeat Week in Review – 10/30 – 11/3
- Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
- Shocking uranium play that hedge funds kept hidden
- Canadian Penny Stocks: Can They Make You Rich?
- Dependable dividends: Why utility stocks are on fire
Receive News & Ratings for Cameco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cameco and related companies with MarketBeat.com's FREE daily email newsletter.