Cameco Corp.’s (CCJ) “Hold” Rating Reaffirmed at TD Securities
CCJ has been the subject of several other research reports. Zacks Investment Research lowered shares of Cameco Corp. from a hold rating to a strong sell rating in a research report on Tuesday, October 11th. Scotiabank reiterated a sector perform rating and set a $13.50 price objective on shares of Cameco Corp. in a research note on Thursday, September 22nd. RBC Capital Markets reiterated an outperform rating and set a $14.00 price objective on shares of Cameco Corp. in a research note on Tuesday, November 1st. BMO Capital Markets reiterated an outperform rating and set a $17.00 price objective (down from $20.00) on shares of Cameco Corp. in a research note on Sunday, July 31st. Finally, TheStreet upgraded shares of Cameco Corp. from a sell rating to a hold rating in a research note on Monday, November 14th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $15.06.
Shares of Cameco Corp. (NYSE:CCJ) opened at 9.22 on Thursday. The stock has a 50 day moving average of $8.31 and a 200-day moving average of $9.77. Cameco Corp. has a one year low of $7.41 and a one year high of $13.59. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 68.81 and a beta of 1.42.
Cameco Corp. (NYSE:CCJ) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.22 by $0.08. Cameco Corp. had a net margin of 2.73% and a return on equity of 3.70%. The firm earned $670 million during the quarter, compared to analyst estimates of $494.13 million. During the same quarter in the prior year, the business posted $0.20 earnings per share. Cameco Corp.’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, equities analysts anticipate that Cameco Corp. will post $0.57 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of the company. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its stake in shares of Cameco Corp. by 2.7% in the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 3,814,780 shares of the company’s stock worth $54,132,000 after buying an additional 98,900 shares during the period. Tocqueville Asset Management L.P. boosted its stake in shares of Cameco Corp. by 0.4% in the second quarter. Tocqueville Asset Management L.P. now owns 1,385,724 shares of the company’s stock worth $15,201,000 after buying an additional 5,075 shares during the period. Foundation Resource Management Inc. acquired a new stake in shares of Cameco Corp. during the third quarter worth $7,445,000. Water Island Capital LLC boosted its stake in shares of 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 during the period. Finally, 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. 56.98% of the stock is currently owned by institutional investors.
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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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