Cameco Downgraded by Cowen and Company to “Market Perform” (CCJ)
Cameco (NYSE:CCJ) was downgraded by Cowen and Company from an “outperform” rating to a “market perform” rating in a research note issued on Thursday, TheFlyOnTheWall.com reports. They currently have a $20.00 price target on the stock, down from their previous price target of $25.00. Cowen and Company’s price target points to a potential downside of 2.72% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity raised their price target on shares of Cameco from C$20.00 to C$21.00 in a research note on Friday, August 1st. They now have a “hold” rating on the stock. Separately, analysts at Paradigm Capital raised their price target on shares of Cameco from C$26.00 to C$28.00 in a research note on Friday, August 1st. They now have a “buy” rating on the stock. Finally, analysts at Dundee Securities downgraded shares of Cameco from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $24.24.
Cameco (NYSE:CCJ) opened at 20.56 on Thursday. Cameco has a one year low of $17.27 and a one year high of $25.84. The stock has a 50-day moving average of $20.08 and a 200-day moving average of $21.22. The company has a market cap of $8.137 billion and a P/E ratio of 16.35.
Cameco (NYSE:CCJ) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.18 by $0.02. The company had revenue of $502.00 million for the quarter, compared to the consensus estimate of $586.34 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was up 19.2% on a year-over-year basis. Analysts expect that Cameco will post $0.77 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.0926 per share. This represents a $0.37 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Friday, September 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.