Canaccord Genuity Upgrades Cameco to Hold (CCJ)
Cameco (NYSE:CCJ) was upgraded by research analysts at Canaccord Genuity from a “sell” rating to a “hold” rating in a report released on Friday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital cut their price target on shares of Cameco from $27.00 to $26.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at TheStreet downgraded shares of Cameco from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, analysts at Salman Partners downgraded shares of Cameco from a “buy” rating to a “hold” rating in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.03.
Cameco (NYSE:CCJ) opened at 18.78 on Friday. Cameco has a 52-week low of $17.27 and a 52-week high of $25.84. The stock has a 50-day moving average of $20.58 and a 200-day moving average of $21.58. The company has a market cap of $7.432 billion and a price-to-earnings ratio of 19.07.
Cameco (NYSE:CCJ) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.09 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.09. The company had revenue of $419.00 million for the quarter, compared to the consensus estimate of $488.44 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was down 5.6% on a year-over-year basis. Analysts expect that Cameco will post $0.83 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.0907 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Thursday, June 26th.
Cameco Corporation (NYSE:CCJ) is engaged in the exploration for and the development, mining, refining, conversion and fabrication of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries.
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