Cameco Corp. (CCJ) Receives Outperform Rating from RBC Capital Markets
CCJ has been the subject of a number of other research reports. TD Securities reaffirmed a hold rating and set a $12.00 price objective (down previously from $12.50) on shares of Cameco Corp. in a research report on Thursday, November 3rd. Dundee Securities reaffirmed a buy rating and set a $17.50 price objective on shares of Cameco Corp. in a research report on Wednesday, August 10th. Scotiabank reaffirmed a sector perform rating and set a $13.50 price objective on shares of Cameco Corp. in a research report on Thursday, September 22nd. Zacks Investment Research downgraded shares of Cameco Corp. from a hold rating to a strong sell rating in a research report on Tuesday, October 11th. Finally, BMO Capital Markets reaffirmed an outperform rating and set a $17.00 price objective (down previously from $20.00) on shares of Cameco Corp. in a research report on Sunday, July 31st. 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 stock currently has an average rating of Hold and a consensus target price of $15.06.
Shares of Cameco Corp. (NYSE:CCJ) opened at 9.22 on Thursday. The stock’s 50 day moving average is $8.31 and its 200-day moving average is $9.77. The firm has a market capitalization of $3.65 billion, a P/E ratio of 68.81 and a beta of 1.42. Cameco Corp. has a 52-week low of $7.41 and a 52-week high of $13.59.
Cameco Corp. (NYSE:CCJ) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.08. Cameco Corp. had a net margin of 2.73% and a return on equity of 3.70%. The business earned $670 million during the quarter, compared to the consensus estimate of $494.13 million. During the same quarter in the prior year, the firm earned $0.20 EPS. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, equities analysts forecast that Cameco Corp. will post $0.57 earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in the stock. First Heartland Consultants Inc. purchased a new stake in Cameco Corp. during the third quarter worth about $152,000. Water Island Capital LLC raised its stake in Cameco Corp. by 23.8% in the third quarter. Water Island Capital LLC now owns 13,000 shares of the company’s stock worth $111,000 after buying an additional 2,500 shares in the last quarter. LPL Financial LLC raised its stake in Cameco Corp. by 13.3% in the third quarter. LPL Financial LLC now owns 108,455 shares of the company’s stock worth $878,000 after buying an additional 12,692 shares in the last quarter. Scheer Rowlett & Associates Investment Management Ltd. raised its stake in Cameco Corp. by 64.8% in the third quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 1,129,014 shares of the company’s stock worth $9,630,000 after buying an additional 443,939 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. raised its stake in Cameco Corp. by 21.6% in the third quarter. Candriam Luxembourg S.C.A. now owns 50,305 shares of the company’s stock worth $429,000 after buying an additional 8,944 shares in the last quarter. Institutional investors and hedge funds own 56.98% of the company’s stock.
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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