Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Cameco, driven by higher revenues, with a focus on how actual results will compare to estimates [1][2]. Earnings Expectations - Cameco is expected to report quarterly earnings of $0.26 per share, reflecting an 8.3% increase year-over-year, with revenues projected at $551.15 million, a 28.6% rise from the previous year [3]. - The earnings report is scheduled for November 7, 2024, and could influence stock movement based on whether results exceed or fall short of expectations [2]. Estimate Revisions - The consensus EPS estimate has been revised down by 36.84% over the last 30 days, indicating a reassessment by analysts [4]. - A positive Earnings ESP of +3.27% suggests analysts have recently become more optimistic about Cameco's earnings prospects [10]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [8]. - Cameco currently holds a Zacks Rank of 3, indicating a likelihood of beating the consensus EPS estimate [10]. Historical Performance - In the last reported quarter, Cameco's actual earnings of $0.10 per share were significantly below the expected $0.28, resulting in a surprise of -64.29% [11]. - Over the past four quarters, Cameco has only beaten consensus EPS estimates once [12]. Conclusion - While Cameco is positioned as a potential earnings-beat candidate, other factors may also influence stock performance, making it essential to consider the broader context [15].

Cameco (CCJ) ended the recent trading session at $53.98, demonstrating a -1.44% swing from the preceding day's closing price. This move lagged the S&P 500's daily loss of 0.33%. On the other hand, the Dow registered a loss of 0.22%, and the technology-centric Nasdaq decreased by 0.56%.The uranium producer's stock has climbed by 12.6% in the past month, exceeding the Basic Materials sector's loss of 4.77% and the S&P 500's gain of 1.83%.Investors will be eagerly watching for the performance of Cameco in its ...

Core Viewpoint - Cameco is positioned as the leading provider of uranium, essential for the nuclear power industry, and has demonstrated significant financial performance with a 250% increase in share price over two years [1]. Group 1: Company Overview - Cameco's current stock price is $55.19, reflecting a gain of 2.60% [1]. - The company has a 52-week price range of $35.43 to $58.72, with a dividend yield of 0.14% and a P/E ratio of 128.35 [1]. - The price target for Cameco is set at $66.56, indicating potential upside [1]. Group 2: Business Fundamentals - The demand for nuclear fuel is increasing, supporting Cameco's business model, which includes ample reserves and positive cash flow [2]. - Cameco has 485 million pounds of U₃O₈ reserves, equating to approximately 16 years of sales at current production levels [3]. - The company has diversified its revenue streams through the acquisition of Westinghouse, enhancing growth opportunities [2]. Group 3: Market Dynamics - Uranium prices have been on the rise since 2017, driven by increasing demand, with projections for continued growth [4]. - Major tech companies like Amazon, Google, and Microsoft are investing in nuclear projects to power their data centers, which is expected to boost demand for uranium [5]. Group 4: Financial Performance and Outlook - The capital return is stable, with a payout ratio of 15% of earnings, and substantial earnings growth is anticipated in 2025 [6]. - Analysts project a 95.18% growth in earnings, with a consensus rating of "Buy" and a price target 25% above recent highs [7][8]. - Institutional ownership stands at 72%, contributing to a 28% price increase for the year [7]. Group 5: Technical Analysis - The stock price trend is upward, with strong support at approximately $52.50, indicating resilience against potential pullbacks [9].

If you liked this article and would like to stay updated on Cameco Corporation, consider subscribing to the investing group Green Growth Giants . The stock has been covered there 14 times since early 2023, either as a standalone stock or as part of nuclear energy ETF and broader sector stories. Canadian uranium miner Cameco (NYSE: CCJ ) has seen a healthy increase of 25% this year, which makes it a standout stock, considering that the Global X Uranium ETF ( URA ), the biggest uranium ETF by assets under man ...

DESIGNATED NEWS RELEASEVANCOUVER, BC, Oct. 28, 2024 /PRNewswire/ - Uranium Royalty Corp. (NASDAQ: UROY) (TSX: URC) ("URC" or the "Company") is pleased to announce that it acquired an existing royalty on the Millennium and Cree Extension Uranium Projects in Saskatchewan, Canada (the "Projects") from a third-party industrial gas company for total cash consideration of $6 million.Highlights: Figure 1 - Location of the Millennium deposit – Source: Cameco Corporation website (CNW Group/Uranium Royalty Corp. ...

Group 1: Industry Overview - The growth of artificial intelligence (AI) is driving an increasing demand for clean energy, particularly nuclear energy, creating investment opportunities in nuclear energy-related equities [1] - The demand for nuclear energy is closely tied to uranium, leading to increased investor interest in uranium-related investment products [1] Group 2: Cameco (NYSE: CCJ) - Cameco is one of the largest uranium producers globally, which instills confidence in its equity among investors [2] - Recent partnerships with nuclear energy players, such as Brookfield Renewable Partners, are notable growth drivers for Cameco [2] - BofA Securities raised its price target for Cameco to $63 from $60 while maintaining a 'Buy' rating, and Goldman Sachs set a price target of $55 [2] - The upcoming earnings report on November 7 is expected to show a profit of $0.28 per share, reflecting a year-over-year growth of 16.67%, with revenue projected at $532.06 million, up 24.12% from last year [2] Group 3: NuScale Power (NYSE: SMR) - NuScale Power is recognized for its role in small modular reactor (SMR) technology, offering compact and scalable reactor designs [3][4] - The company has entered an agreement with Fluor and Transworld Services for Front-End Engineering and Design services related to its SMR project in Romania [4] - Despite reporting a net loss of $74.4 million in Q2 2024, NuScale maintains a solid cash position of $136 million [4] - Analysts have issued 'Buy' ratings for SMR stock, which has shown strong performance, reaching a record high of nearly $20, and is currently valued at $18.41 with year-to-date returns of 86% [4]

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