Cameco Co. (TSE:CCO – Get Rating) (NYSE:CCJ) – Equities research analysts at Raymond James increased their Q3 2023 earnings estimates for Cameco in a research report issued to clients and investors on Monday, January 30th. Raymond James analyst B. Macarthur now expects that the company will earn $0.36 per share for the quarter, up from their prior forecast of $0.35. Raymond James has a "Outperform" rating and a $45.00 price objective on the stock. The consensus estimate for Cameco's current full-year earnings is $0.80 per share.

A number of other equities research analysts have also recently issued reports on the stock. Scotiabank decreased their price target on shares of Cameco from C$44.00 to C$42.00 in a report on Monday, October 17th. Canaccord Genuity Group upped their price target on shares of Cameco from C$44.00 to C$46.00 in a report on Thursday, January 19th. TD Securities increased their target price on shares of Cameco from C$40.00 to C$41.00 and gave the company a "buy" rating in a research note on Friday, October 28th. Finally, Bank of America increased their target price on shares of Cameco from C$42.00 to C$47.00 in a research note on Tuesday, November 22nd. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of C$44.50.

Cameco Stock Down 0.6 %

Insider Activity at Cameco

In related news, Senior Officer David Fehr Doerksen sold 17,319 shares of the stock in a transaction dated Wednesday, December 28th. The shares were sold at an average price of C$30.79, for a total value of C$533,252.01. Following the completion of the transaction, the insider now owns 14,337 shares of the company's stock, valued at C$441,436.23.

About Cameco

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Cameco Corporation produces and sells uranium. It operates through two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as 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.

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