Cameco Corp Expected to Post Q1 2019 Earnings of ($0.01) Per Share (TSE:CCO)

Cameco Corp (TSE:CCO) (NYSE:CCJ) – Equities research analysts at Raymond James issued their Q1 2019 earnings estimates for shares of Cameco in a research note issued on Monday, April 8th, Zacks Investment Research reports. Raymond James analyst B. Macarthur expects that the company will earn ($0.01) per share for the quarter. Raymond James has a “Outperform” rating and a $18.00 price target on the stock. Raymond James also issued estimates for Cameco’s Q2 2019 earnings at ($0.01) EPS, Q3 2019 earnings at $0.06 EPS, Q4 2019 earnings at $0.12 EPS and FY2019 earnings at $0.17 EPS.

CCO has been the topic of a number of other reports. CIBC raised their price target on Cameco from C$16.00 to C$17.00 in a report on Monday, January 21st. BMO Capital Markets raised their price target on Cameco from C$16.50 to C$17.50 in a report on Monday, February 11th. Royal Bank of Canada restated a “sector perform” rating on shares of Cameco in a research report on Thursday. Finally, TD Securities lowered Cameco from a “buy” rating to a “hold” rating and cut their price objective for the company from C$20.00 to C$17.50 in a research report on Thursday.

TSE:CCO traded up C$0.36 on Wednesday, reaching C$14.62. 1,149,000 shares of the company’s stock traded hands, compared to its average volume of 971,604. The company has a quick ratio of 1.67, a current ratio of 2.55 and a debt-to-equity ratio of 30.16. The stock has a market cap of $5.79 billion and a PE ratio of 61.17. Cameco has a 12 month low of C$12.31 and a 12 month high of C$17.12.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its quarterly earnings results on Friday, February 8th. The company reported C$0.51 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.25 by C$0.26. The business had revenue of C$831.00 million for the quarter.

Cameco Company Profile

Cameco Corporation produces and sells uranium worldwide. The company operates in 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. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; and the Inkai property located in Kazakhstan.

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Earnings History and Estimates for Cameco (TSE:CCO)

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