Cameco Corporation (CCJ) Given Average Rating of “Hold” by Brokerages
Shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) have been assigned an average recommendation of “Hold” from the twelve analysts that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $18.95.
Several analysts have issued reports on CCJ shares. Zacks Investment Research lowered Cameco Corporation from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Credit Suisse Group lowered Cameco Corporation from a “neutral” rating to an “underperform” rating in a research note on Monday, July 17th. Bank of America Corporation upped their price objective on Cameco Corporation from $27.00 to $29.00 and gave the company an “underperform” rating in a research note on Wednesday, October 4th. BidaskClub upgraded Cameco Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, TheStreet upgraded Cameco Corporation from a “d+” rating to a “c” rating in a research note on Tuesday, August 1st.
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Large investors have recently added to or reduced their stakes in the business. Bank of Nova Scotia Trust Co. increased its stake in shares of Cameco Corporation by 0.5% during the second quarter. Bank of Nova Scotia Trust Co. now owns 29,534 shares of the basic materials company’s stock worth $269,000 after purchasing an additional 144 shares during the period. Korea Investment CORP increased its stake in shares of Cameco Corporation by 1.8% during the second quarter. Korea Investment CORP now owns 24,935 shares of the basic materials company’s stock worth $227,000 after purchasing an additional 441 shares during the period. Augustine Asset Management Inc. increased its stake in shares of Cameco Corporation by 0.5% during the second quarter. Augustine Asset Management Inc. now owns 103,021 shares of the basic materials company’s stock worth $937,000 after purchasing an additional 474 shares during the period. Usca Ria LLC increased its stake in shares of Cameco Corporation by 4.6% during the second quarter. Usca Ria LLC now owns 11,668 shares of the basic materials company’s stock worth $106,000 after purchasing an additional 510 shares during the period. Finally, Comerica Bank increased its stake in shares of Cameco Corporation by 1.2% during the first quarter. Comerica Bank now owns 49,892 shares of the basic materials company’s stock worth $524,000 after purchasing an additional 592 shares during the period. Hedge funds and other institutional investors own 56.53% of the company’s stock.
Shares of Cameco Corporation (NYSE:CCJ) opened at 9.19 on Wednesday. The stock’s 50 day moving average price is $9.85 and its 200-day moving average price is $9.94. Cameco Corporation has a 1-year low of $7.41 and a 1-year high of $13.36. The stock’s market capitalization is $3.64 billion.
Cameco Corporation (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Thursday, July 27th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.03. The firm had revenue of $470.00 million for the quarter, compared to analyst estimates of $383.81 million. Cameco Corporation had a positive return on equity of 2.59% and a negative net margin of 0.75%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.14) earnings per share. Equities research analysts anticipate that Cameco Corporation will post $0.15 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be paid a $0.0799 dividend. This is a positive change from Cameco Corporation’s previous quarterly dividend of $0.07. The ex-dividend date is Thursday, September 28th. This represents a $0.32 annualized dividend and a yield of 3.48%. Cameco Corporation’s dividend payout ratio is currently -1,066.31%.
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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