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Cameco (CCO) Scheduled to Post Quarterly Earnings on Thursday

Defense World ·  Feb 2, 2023 01:51

Cameco (TSE:CCO – Get Rating) (NYSE:CCJ) will be posting its quarterly earnings results before the market opens on Thursday, February 9th. Analysts expect Cameco to post earnings of C$0.11 per share for the quarter.

Cameco Stock Performance

Shares of TSE:CCO opened at C$38.11 on Thursday. The company has a debt-to-equity ratio of 21.56, a quick ratio of 3.74 and a current ratio of 5.11. The firm has a market cap of C$16.48 billion and a PE ratio of 131.41. The firm's 50 day simple moving average is C$32.33 and its 200-day simple moving average is C$33.32. Cameco has a one year low of C$24.19 and a one year high of C$41.05.

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Insider Buying and Selling at Cameco

In other news, Senior Officer David Fehr Doerksen sold 17,319 shares of the firm's 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 sale, the insider now directly owns 14,337 shares in the company, valued at approximately C$441,436.23.

Analyst Ratings Changes

Several research analysts have commented on CCO shares. Scotiabank reduced their price objective on Cameco from C$44.00 to C$42.00 in a report on Monday, October 17th. TD Securities raised their price target on Cameco from C$40.00 to C$41.00 and gave the company a "buy" rating in a research note on Friday, October 28th. Raymond James upped their price objective on shares of Cameco from C$44.00 to C$45.00 and gave the stock an "outperform" rating in a research note on Tuesday. Bank of America raised their target price on shares of Cameco from C$42.00 to C$47.00 in a research report on Tuesday, November 22nd. Finally, Canaccord Genuity Group upped their price target on shares of Cameco from C$44.00 to C$46.00 in a research report on Thursday, January 19th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of C$44.50.

Cameco Company Profile

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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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