Cameco Stock Quote Analysis: Financials, Trends, and Forecasts

Cameco is a Canadian mining company that's been around since 1962. It's one of the largest uranium producers in the world.

Their stock quote has been on a rollercoaster ride over the years, influenced by the global demand for uranium. Cameco's financials have been impacted by fluctuations in the uranium market.

In recent years, Cameco has been working to reduce its costs and improve its efficiency. This has helped the company to stay afloat during times of low uranium prices.

Cameco Corporation is a company that provides uranium for the generation of electricity. It operates through three main segments: Uranium, Fuel Services, and Westinghouse.

The Uranium segment is involved in the exploration, mining, and milling of uranium concentrate. This segment also purchases and sells uranium concentrate.

The Fuel Services segment refines, converts, and fabricates uranium concentrate, as well as purchases and sells conversion services. This segment also produces CANDU reactor fuel bundles and other reactor components.

Cameco Corporation offers nuclear fuel processing services, which are a key part of its business.

Cameco's revenue in 2023 was 2.59 billion, a significant increase of 38.53% from the previous year.

Their earnings also saw a substantial boost, rising to 360.85 million, up 303.71% from the previous year.

The company's stock performance has been impressive, with a market cap of 20,675,828,000.

Here's a quick snapshot of Cameco's stock performance at a glance:

Cameco's diluted EPS (TTM) is 0.18, indicating a modest return on investment.

Cameco's revenue has seen a significant increase, jumping from $1.87 billion in 2022 to $2.59 billion in 2023, a 38.53% boost.

This growth is a testament to the company's strong financial performance, with earnings also seeing a substantial increase of 303.71% to $360.85 million in 2023.

In the third quarter of 2024, Cameco reported substantial revenue of $721M, up around 25% year-over-year.

Their non-GAAP EPS was -$0.01, but they have a positive financial outlook and increased dividend.

Here's a summary of Cameco's financial performance in a table:

Their diluted EPS (TTM) is 0.18, which is a relatively stable figure.

Cameco currently has a high average brokerage recommendation of 1.17, indicating a strong buy sentiment among analysts.

This rating is based on the actual recommendations made by 12 brokerage firms.

Strong buy and buy recommendations account for 83.33% and 16.67% of all recommendations, respectively.

A month ago, the strong buy and buy recommendations also made up the same percentage of all recommendations.

The current average brokerage recommendation is the same as it was a month ago, at 1.17 based on 12 recommendations.

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Cameco's stock has surged 25% YTD, outperforming the Global X Uranium ETF's 14% rise, driven by improved Q2 2024 financials and stabilizing uranium prices.

Despite this strong performance, there are risks in the short-term that could affect Cameco's stock. The company's stock price has already risen significantly, which may indicate that it's due for a dip.

Cameco's long-term contracts and strategic investments are well-positioned to benefit from the growing demand for nuclear energy.

A dip can be a buying opportunity, especially in the case of Cameco's stock. Their stock has surged 25% YTD, outperforming the Global X Uranium ETF's 14% rise.

Improved Q2 2024 financials and stabilizing uranium prices have driven this increase. This is a promising sign for investors, suggesting that Cameco's fundamentals are strong.

However, in the short-term, there are risks associated with any stock, including Cameco's. Analysts forecast a 12-month stock price forecast of $66.56, which is an increase of 36.96% from the latest price, indicating a potential upside for investors who are willing to take on some risk.

This forecast is based on the opinions of 4 analysts, who have given Cameco an average rating of "Strong Buy".

The market trends for Cameco stock are influenced by the global demand for uranium, which has been steadily increasing due to its use in nuclear power plants.

Cameco's uranium production has been on the rise, with a 10% increase in 2020 compared to the previous year.

The company's strong financial position has allowed it to invest in new projects and expand its operations, which is expected to drive growth in the coming years.

Cameco's stock price has been impacted by fluctuations in the uranium price, which can be volatile due to factors such as global supply and demand.

The company's diversified revenue streams, including its participation in the McArthur River and Key Lake uranium mines, have helped to reduce its reliance on a single source of revenue.

Cameco's focus on sustainability and responsible mining practices has also helped to attract investors who prioritize environmental and social responsibility.

Cameco's financial performance has been impressive, with revenue increasing by 38.53% in 2023 to $2.59 billion.

Their revenue has consistently grown over the years, with a notable 25% YoY increase in the third quarter of 2024, reaching $721 million.

The company's earnings have also seen significant growth, with a 303.71% increase in 2023 to $360.85 million.

Their recent quarterly results show a non-GAAP EPS of -$0.01, which is a decrease from previous quarters.

Cameco's market value has fluctuated over the years, with a current market cap of $20,675,828,000 and a year range of $35-$62.

Here's a summary of Cameco's recent performance:

Their diluted EPS (TTM) is $0.18, and revenue growth YoY is 25.3%, indicating a positive trend in their financial performance.

Cameco has made several key document filings, including a technical report for the Inkai operation and a short form base shelf prospectus. This will enable the company to offer various securities up to $2 billion over the next 25 months.

The company has also established an at-the-market equity program, which allows for the issuance of up to $500 million in common shares. This will provide flexibility to support the company's strategy and risk management.

According to CFO Grant Isaac, these financial tools complement the company's strong balance sheet and cash flow generation from tier-one production. This is a positive sign for investors, as it suggests the company is well-positioned to manage its finances.

The ATM Program will enable Cameco to issue common shares as needed, providing a flexible source of capital. This will allow the company to take advantage of market opportunities and respond to changing conditions.