Cameco Corporation (CCJ) Given Average Recommendation of “Hold” by Analysts
Cameco Corporation (NYSE:CCJ) (TSE:CCO) has been assigned an average recommendation of “Hold” from the twelve ratings firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $13.45.
Several research firms have commented on CCJ. BidaskClub cut shares of Cameco Corporation from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Raymond James Financial, Inc. reaffirmed an “outperform” rating on shares of Cameco Corporation in a research note on Tuesday, August 15th. Zacks Investment Research raised shares of Cameco Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. TheStreet raised shares of Cameco Corporation from a “d+” rating to a “c” rating in a research note on Tuesday, August 1st. Finally, Credit Suisse Group cut shares of Cameco Corporation from a “neutral” rating to an “underperform” rating in a research note on Monday, July 17th.
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Cameco Corporation (CCJ) opened at 10.14 on Friday. The company has a 50-day moving average price of $9.99 and a 200-day moving average price of $10.11. The firm’s market capitalization is $4.01 billion. Cameco Corporation has a 12-month low of $7.41 and a 12-month high of $13.36.
Cameco Corporation (NYSE:CCJ) (TSE:CCO) last released its earnings results on Thursday, July 27th. The basic materials company reported ($0.08) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.03. The firm had revenue of $470.00 million during the quarter, compared to analysts’ expectations of $383.81 million. Cameco Corporation had a negative net margin of 0.75% and a positive return on equity of 2.59%. Cameco Corporation’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.14) EPS. On average, analysts predict that Cameco Corporation will post $0.17 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a $0.0799 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend is Thursday, September 28th. This is a positive change from Cameco Corporation’s previous quarterly dividend of $0.07. Cameco Corporation’s dividend payout ratio (DPR) is -999.67%.
Several institutional investors and hedge funds have recently made changes to their positions in CCJ. Brookstone Capital Management boosted its holdings in shares of Cameco Corporation by 9.8% in the 2nd quarter. Brookstone Capital Management now owns 11,522 shares of the basic materials company’s stock valued at $105,000 after purchasing an additional 1,033 shares during the last quarter. Usca Ria LLC boosted its holdings in shares of Cameco Corporation by 4.6% in the 2nd quarter. Usca Ria LLC now owns 11,668 shares of the basic materials company’s stock valued at $106,000 after purchasing an additional 510 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Cameco Corporation in the 1st quarter valued at $116,000. HRT Financial LLC acquired a new position in shares of Cameco Corporation in the 2nd quarter valued at $129,000. Finally, Creative Planning boosted its holdings in shares of Cameco Corporation by 55.3% in the 2nd quarter. Creative Planning now owns 15,541 shares of the basic materials company’s stock valued at $141,000 after purchasing an additional 5,531 shares during the last quarter. Institutional investors own 56.57% of the company’s stock.
Cameco Corporation 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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