Cameco Corp (CCJ) Given Average Recommendation of “Hold” by Brokerages
Cameco Corp (NYSE:CCJ) (TSE:CCO) has been given an average recommendation of “Hold” by the twelve ratings firms that are presently covering the company. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $15.34.
A number of analysts have issued reports on CCJ shares. TheStreet downgraded Cameco Corp from a “c” rating to a “d+” rating in a report on Thursday, February 9th. Zacks Investment Research raised Cameco Corp from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Tuesday, January 17th. Royal Bank of Canada downgraded Cameco Corp from an “outperform” rating to a “sector perform” rating in a report on Thursday, February 2nd. BMO Capital Markets downgraded Cameco Corp to a “hold” rating in a report on Wednesday, January 18th. Finally, Cantor Fitzgerald raised Cameco Corp from a “hold” rating to a “buy” rating in a report on Monday, February 13th.
Hedge funds have recently bought and sold shares of the company. 1832 Asset Management L.P. boosted its stake in Cameco Corp by 1.1% in the third quarter. 1832 Asset Management L.P. now owns 11,885 shares of the basic materials company’s stock worth $102,000 after buying an additional 130 shares during the period. DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in Cameco Corp during the first quarter worth approximately $113,000. Bank of The West purchased a new stake in Cameco Corp during the first quarter worth approximately $116,000. Janney Montgomery Scott LLC purchased a new stake in Cameco Corp during the first quarter worth approximately $116,000. Finally, Brookstone Capital Management purchased a new stake in Cameco Corp during the first quarter worth approximately $116,000. Institutional investors and hedge funds own 54.79% of the company’s stock.
Shares of Cameco Corp (NYSE:CCJ) traded up 0.0010% during midday trading on Friday, hitting $9.8301. The company had a trading volume of 290,890 shares. Cameco Corp has a 12 month low of $7.41 and a 12 month high of $13.36. The company has a 50-day moving average of $10.72 and a 200 day moving average of $10.53. The firm’s market capitalization is $3.89 billion.
Cameco Corp (NYSE:CCJ) last announced its quarterly earnings results on Friday, April 28th. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.05). The company had revenue of $393 million during the quarter, compared to the consensus estimate of $351.40 million. Cameco Corp had a positive return on equity of 2.64% and a negative net margin of 2.63%. Cameco Corp’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same period in the previous year, the business earned ($0.02) EPS. On average, analysts expect that Cameco Corp will post $0.26 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be given a dividend of $0.0741 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend is Wednesday, June 28th. Cameco Corp’s dividend payout ratio (DPR) is currently -272.70%.
Cameco Corp Company Profile
Cameco Corporation (Cameco) is a uranium producer. The Company is primarily engaged in the exploration for and the development, mining, refining, conversion, fabrication and trading of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. The Company operates through three segments: uranium, fuel services and NUKEM.
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