Shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) have been assigned a consensus rating of “Hold” from the twelve ratings firms that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $18.95.

Several brokerages recently commented on CCJ. BidaskClub lowered shares of Cameco Corporation from a “buy” rating to a “hold” rating in a report on Monday, August 14th. TheStreet lowered shares of Cameco Corporation from a “c” rating to a “d+” rating in a report on Friday, October 27th. Raymond James Financial, Inc. reissued an “outperform” rating on shares of Cameco Corporation in a report on Tuesday, August 15th. Royal Bank Of Canada cut their price target on shares of Cameco Corporation from $17.00 to $16.00 and set an “outperform” rating for the company in a report on Friday, October 20th. Finally, Zacks Investment Research raised shares of Cameco Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th.

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Cameco Corporation by 4.1% during the second quarter. Vanguard Group Inc. now owns 9,352,660 shares of the basic materials company’s stock worth $85,108,000 after buying an additional 371,126 shares in the last quarter. Global X MANAGEMENT CO LLC boosted its position in shares of Cameco Corporation by 21.2% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 6,772,733 shares of the basic materials company’s stock valued at $65,255,000 after acquiring an additional 1,184,992 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Cameco Corporation by 22.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 5,850,916 shares of the basic materials company’s stock valued at $53,220,000 after acquiring an additional 1,068,516 shares during the last quarter. Guardian Capital LP boosted its position in shares of Cameco Corporation by 1.7% during the 2nd quarter. Guardian Capital LP now owns 5,551,295 shares of the basic materials company’s stock valued at $50,497,000 after acquiring an additional 94,350 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Cameco Corporation by 1.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,468,172 shares of the basic materials company’s stock valued at $49,710,000 after acquiring an additional 64,695 shares during the last quarter. 56.50% of the stock is owned by institutional investors and hedge funds.

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Shares of Cameco Corporation (NYSE:CCJ) opened at $8.48 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 5.40 and a quick ratio of 1.80. Cameco Corporation has a 1-year low of $7.68 and a 1-year high of $13.36.

Cameco Corporation (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Friday, October 27th. The basic materials company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.20). The company had revenue of $486.00 million during the quarter, compared to analysts’ expectations of $486.84 million. Cameco Corporation had a negative return on equity of 0.69% and a negative net margin of 13.04%. Cameco Corporation’s revenue was down 27.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 EPS. sell-side analysts forecast that Cameco Corporation will post 0.05 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.078 per share. This represents a $0.31 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend is Thursday, December 28th. Cameco Corporation’s payout ratio is -57.14%.

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.

Analyst Recommendations for Cameco Corporation (NYSE:CCJ)

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