Cameco Corp. (NYSE:CCJ) Given Average Recommendation of “Buy” by Brokerages
Cameco Corp. (NYSE:CCJ) has earned an average rating of “Buy” from the twelve research firms that are covering the stock. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $16.96.
CCJ has been the subject of several research reports. Zacks Investment Research upgraded shares of Cameco Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, June 14th. Vetr upgraded shares of Cameco Corp. from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Tuesday, June 14th. Bank of America Corp. downgraded shares of Cameco Corp. from a “buy” rating to an “underperform” rating in a research note on Thursday, July 21st. Royal Bank Of Canada dropped their price target on shares of Cameco Corp. from $20.00 to $17.00 and set an “outperform” rating for the company in a research note on Tuesday, July 26th. Finally, RBC Capital Markets restated an “outperform” rating and issued a $17.00 price target (down previously from $20.00) on shares of Cameco Corp. in a research note on Tuesday, July 26th.
A number of large investors have recently made changes to their positions in CCJ. Foundation Resource Management Inc. bought a new stake in shares of Cameco Corp. during the third quarter worth $7,445,000. IFP Advisors Inc boosted its stake in shares of Cameco Corp. by 7.2% in the second quarter. IFP Advisors Inc now owns 10,073 shares of the company’s stock worth $111,000 after buying an additional 678 shares during the period. Stifel Financial Corp boosted its stake in shares of Cameco Corp. by 3.4% in the second quarter. Stifel Financial Corp now owns 90,964 shares of the company’s stock worth $998,000 after buying an additional 3,029 shares during the period. Black Creek Investment Management Inc. boosted its stake in shares of Cameco Corp. by 4.3% in the second quarter. Black Creek Investment Management Inc. now owns 2,067,000 shares of the company’s stock worth $22,585,000 after buying an additional 86,000 shares during the period. Finally, Legal & General Group Plc boosted its stake in shares of Cameco Corp. by 4.1% in the second quarter. Legal & General Group Plc now owns 1,710,849 shares of the company’s stock worth $18,690,000 after buying an additional 66,815 shares during the period. 55.84% of the stock is owned by hedge funds and other institutional investors.
Shares of Cameco Corp. (NYSE:CCJ) traded down 1.23% during trading on Thursday, reaching $8.03. The company had a trading volume of 1,435,564 shares. The firm has a 50-day moving average of $9.01 and a 200 day moving average of $10.81. Cameco Corp. has a 1-year low of $7.92 and a 1-year high of $14.52. The firm’s market capitalization is $3.18 billion.
Cameco Corp. (NYSE:CCJ) last announced its earnings results on Thursday, July 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by $0.30. The firm earned $466 million during the quarter, compared to analysts’ expectations of $568.78 million. Cameco Corp. had a negative net margin of 3.18% and a positive return on equity of 2.96%. The firm’s revenue for the quarter was down 17.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.12 EPS. Analysts expect that Cameco Corp. will post $0.70 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be given a $0.0757 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.30 dividend on an annualized basis and a yield of 3.72%. Cameco Corp.’s dividend payout ratio (DPR) is presently -206.65%.
Cameco Corp. Company Profile
Cameco Corporation (Cameco) is a uranium producer. The Company is 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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