Shares of Cameco Corp (NYSE:CCJ) (TSE:CCO) have been given an average rating of “Hold” by the twelve brokerages that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $18.95.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Brookstone Capital Management grew its stake in shares of Cameco by 9.8% in the second quarter. Brookstone Capital Management now owns 11,522 shares of the basic materials company’s stock valued at $105,000 after acquiring an additional 1,033 shares in the last quarter. Usca Ria LLC grew its stake in shares of Cameco by 4.6% in the second quarter. Usca Ria LLC now owns 11,668 shares of the basic materials company’s stock valued at $106,000 after acquiring an additional 510 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Cameco in the third quarter valued at about $109,000. Mitchell Sinkler & Starr PA acquired a new position in shares of Cameco in the third quarter valued at about $113,000. Finally, Pinebridge Investments L.P. acquired a new position in shares of Cameco in the third quarter valued at about $114,000. 50.88% of the stock is currently owned by institutional investors.

Shares of Cameco (NYSE CCJ) opened at $9.14 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 5.40 and a quick ratio of 2.16. Cameco has a 1 year low of $7.68 and a 1 year high of $13.36.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Friday, October 27th. The basic materials company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.20). The firm had revenue of $486.00 million for the quarter, compared to the consensus estimate of $486.84 million. Cameco had a negative return on equity of 9.83% and a negative net margin of 25.49%. The business’s revenue was down 27.5% compared to the same quarter last year. During the same period last year, the company posted $0.30 earnings per share. equities research analysts forecast that Cameco will post 0.05 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be given a $0.078 dividend. This represents a $0.31 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend is Thursday, December 28th. Cameco’s payout ratio is presently -56.14%.

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Cameco 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 (NYSE:CCJ)

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