Cameco Corp (CCO) Receives Average Rating of “Buy” from Brokerages
Shares of Cameco Corp (TSE:CCO) (NYSE:CCJ) have received an average rating of “Buy” from the seven research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$15.07.
Several brokerages recently issued reports on CCO. CSFB reduced their price objective on Cameco Corp from C$13.50 to C$10.00 in a research note on Tuesday, July 18th. TD Securities reduced their price objective on Cameco Corp from C$18.00 to C$17.00 and set a “buy” rating for the company in a research note on Tuesday, May 2nd. Royal Bank Of Canada reissued an “outperform” rating and issued a C$16.00 price objective on shares of Cameco Corp in a research note on Thursday, June 29th. BMO Capital Markets reissued an “outperform” rating and issued a C$18.00 price objective on shares of Cameco Corp in a research note on Monday, May 1st. Finally, Scotiabank increased their price objective on Cameco Corp from C$14.00 to C$14.50 and gave the stock a “sector perform” rating in a research note on Friday, July 28th.
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Cameco Corp (TSE CCO) traded down 0.16% on Friday, hitting $12.30. The stock had a trading volume of 959,103 shares. The company’s market cap is $4.87 billion. Cameco Corp has a one year low of $9.88 and a one year high of $17.65. The stock has a 50-day moving average of $12.49 and a 200-day moving average of $13.75.
Cameco Corp (TSE:CCO) (NYSE:CCJ) last announced its earnings results on Thursday, July 27th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.03. Cameco Corp had a negative return on equity of 0.12% and a negative net margin of 0.35%. The business had revenue of $469.74 million during the quarter. During the same period in the prior year, the company earned ($0.14) earnings per share. Equities analysts expect that Cameco Corp will post $0.32 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Thursday, September 28th.
Cameco Corp Company Profile
Cameco Corporation produces and sells uranium worldwide. It operates through three segments: Uranium, Fuel Services, and NUKEM. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrates. Its operating uranium properties include the McArthur River/Key Lake, Cigar Lake, and Rabbit Lake properties located in Saskatchewan, Canada; the Inkai property situated in Kazakhstan; the Smith Ranch-Highland property located in Wyoming, the United States; and the Crow Butte property situated in Nebraska, the United States.
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