Brokerages Set Cameco Corp. (CCJ) Target Price at $15.74
Shares of Cameco Corp. (NYSE:CCJ) have been given a consensus rating of “Hold” by the twelve research firms that are covering the firm. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $15.74.
Several research analysts have weighed in on CCJ shares. Dundee Securities reiterated a “buy” rating and issued a $17.50 price objective on shares of Cameco Corp. in a research note on Wednesday, August 10th. Paradigm Capital reiterated a “buy” rating and issued a $19.50 price objective (down previously from $25.50) on shares of Cameco Corp. in a research note on Thursday, August 4th. Zacks Investment Research raised shares of Cameco Corp. from a “strong sell” rating to a “buy” rating and set a $9.00 target price for the company in a research report on Tuesday, October 18th. TD Securities reissued a “hold” rating and issued a $12.00 target price (down from $12.50) on shares of Cameco Corp. in a research report on Thursday, November 3rd. Finally, RBC Capital Markets reissued an “outperform” rating and issued a $14.00 target price on shares of Cameco Corp. in a research report on Tuesday, November 1st.
Shares of Cameco Corp. (NYSE:CCJ) opened at 8.87 on Thursday. Cameco Corp. has a 52-week low of $7.41 and a 52-week high of $13.59. The stock has a 50 day moving average of $8.18 and a 200 day moving average of $9.97. The company has a market cap of $3.51 billion, a P/E ratio of 65.70 and a beta of 1.42.
Cameco Corp. (NYSE:CCJ) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.08. The firm had revenue of $670 million for the quarter, compared to analyst estimates of $494.13 million. Cameco Corp. had a net margin of 2.73% and a return on equity of 3.70%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.20 EPS. On average, equities analysts anticipate that Cameco Corp. will post $0.52 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Rathbone Brothers plc boosted its position in Cameco Corp. by 13.6% in the third quarter. Rathbone Brothers plc now owns 12,695 shares of the company’s stock valued at $108,000 after buying an additional 1,520 shares during the last quarter. Evanson Asset Management LLC boosted its position in Cameco Corp. by 5.8% in the third quarter. Evanson Asset Management LLC now owns 12,700 shares of the company’s stock valued at $109,000 after buying an additional 700 shares during the last quarter. Kornitzer Capital Management Inc. KS bought a new position in Cameco Corp. during the second quarter valued at approximately $110,000. IFP Advisors Inc boosted its position in Cameco Corp. by 7.2% in the second quarter. IFP Advisors Inc now owns 10,073 shares of the company’s stock valued at $111,000 after buying an additional 678 shares during the last quarter. Finally, Water Island Capital LLC boosted its position in Cameco Corp. by 40.0% in the second quarter. Water Island Capital LLC now owns 10,500 shares of the company’s stock valued at $115,000 after buying an additional 3,000 shares during the last quarter. Hedge funds and other institutional investors own 56.13% of the company’s stock.
About Cameco Corp.
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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