Cameco Corp (TSE:CCO) (NYSE:CCJ) has earned a consensus rating of “Buy” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$15.07.

A number of research analysts have recently weighed in on the stock. Scotiabank raised their price target on shares of Cameco Corp from C$14.00 to C$14.50 and gave the company a “sector perform” rating in a report on Friday, July 28th. Royal Bank Of Canada raised their price target on shares of Cameco Corp from C$16.00 to C$17.00 and gave the company an “outperform” rating in a report on Friday, July 28th. Finally, CSFB cut their price target on shares of Cameco Corp from C$13.50 to C$10.00 in a report on Tuesday, July 18th.

TRADEMARK VIOLATION NOTICE: This story was first posted by American Banking News and is the property of of American Banking News. If you are reading this story on another website, it was illegally stolen and republished in violation of U.S. and international copyright & trademark legislation. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/09/06/cameco-corp-cco-receives-consensus-rating-of-buy-from-brokerages.html.

Shares of Cameco Corp (CCO) traded down 0.32% during mid-day trading on Wednesday, reaching $12.29. The company had a trading volume of 345,441 shares. Cameco Corp has a 52-week low of $9.88 and a 52-week high of $17.65. The stock’s market capitalization is $4.86 billion. The company’s 50-day moving average is $12.52 and its 200 day moving average is $13.36.

Cameco Corp (TSE:CCO) (NYSE:CCJ) last released its quarterly earnings results on Thursday, July 27th. The company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.03. The business had revenue of $469.74 million for the quarter. Cameco Corp had a negative net margin of 0.35% and a negative return on equity of 0.12%. During the same quarter in the prior year, the business posted ($0.14) EPS. Analysts anticipate that Cameco Corp will post $0.21 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be issued a $0.10 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.40 annualized dividend and a yield of 3.24%.

About Cameco Corp

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.

Analyst Recommendations for Cameco Corp (TSE:CCO)

Receive News & Ratings for Cameco Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cameco Corp and related companies with MarketBeat.com's FREE daily email newsletter.