Cameco Corp (NYSE:CCJ) (TSE:CCO) – Equities researchers at Raymond James issued their Q1 2019 earnings per share estimates for Cameco in a report issued on Monday, April 8th, Zacks Investment Research reports. Raymond James analyst B. Macarthur anticipates that the basic materials company will post earnings of ($0.01) per share for the quarter. Raymond James currently has a “Buy” rating on the stock. Raymond James also issued estimates for Cameco’s Q2 2019 earnings at ($0.01) EPS, Q3 2019 earnings at $0.05 EPS and Q4 2019 earnings at $0.09 EPS.
Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Wednesday, May 1st. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.04). Cameco had a net margin of 7.91% and a return on equity of 4.23%. The company had revenue of $297.50 million during the quarter, compared to analysts’ expectations of $392.93 million. During the same quarter in the prior year, the company earned $0.06 earnings per share. The firm’s revenue was down 32.3% compared to the same quarter last year.
Shares of NYSE:CCJ traded up $0.31 on Wednesday, hitting $10.89. The company had a trading volume of 2,294,774 shares, compared to its average volume of 1,888,379. The company has a quick ratio of 1.84, a current ratio of 2.38 and a debt-to-equity ratio of 0.20. Cameco has a 52-week low of $9.39 and a 52-week high of $13.04. The company has a market capitalization of $4.31 billion, a P/E ratio of 27.23 and a beta of 0.83.
A number of institutional investors have recently added to or reduced their stakes in the stock. Stevens Capital Management LP acquired a new stake in Cameco in the 1st quarter valued at approximately $977,000. Pinnacle Financial Partners Inc. acquired a new stake in Cameco in the 1st quarter valued at approximately $29,000. Moors & Cabot Inc. acquired a new stake in Cameco in the 1st quarter valued at approximately $188,000. Janney Montgomery Scott LLC acquired a new stake in Cameco in the 1st quarter valued at approximately $1,150,000. Finally, SG Americas Securities LLC increased its position in Cameco by 55.2% in the 1st quarter. SG Americas Securities LLC now owns 72,894 shares of the basic materials company’s stock valued at $859,000 after acquiring an additional 25,938 shares during the period. Hedge funds and other institutional investors own 53.36% of the company’s stock.
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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