Cameco Receives Average Rating of “Hold” from Brokerages (NYSE:CCJ)
Cameco (NYSE:CCJ) has earned an average recommendation of “Hold” from the seventeen brokerages that are covering the stock, Analyst Ratings News reports. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $24.24.
Shares of Cameco (NYSE:CCJ) traded up 0.72% during mid-day trading on Thursday, hitting $19.60. 127,072 shares of the company’s stock traded hands. Cameco has a one year low of $17.27 and a one year high of $25.84. The stock’s 50-day moving average is $20.09 and its 200-day moving average is $21.14. The company has a market cap of $7.757 billion and a price-to-earnings ratio of 15.67.
Cameco (NYSE:CCJ) last announced its earnings results on Thursday, July 31st. The company reported $0.20 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was up 19.2% on a year-over-year basis. On average, analysts predict that Cameco will post $0.72 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Shareholders 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 1.90%. The ex-dividend date is Friday, September 26th.
A number of analysts have recently weighed in on CCJ shares. Analysts at Cowen and Company downgraded shares of Cameco from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 21st. They now have a $20.00 price target on the stock, down previously from $25.00. Separately, 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. Finally, 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.
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.