Cameco (CCJ) Stock Price Up 13%
Cameco Corp (NYSE:CCJ) (TSE:CCO) shares rose 13% during trading on Tuesday . The stock traded as high as $11.18 and last traded at $10.71. Approximately 10,866,700 shares were traded during mid-day trading, an increase of 321% from the average daily volume of 2,581,341 shares. The stock had previously closed at $9.48.
CCJ has been the topic of several recent analyst reports. Zacks Investment Research raised Cameco from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Monday, October 16th. TheStreet downgraded Cameco from a “c” rating to a “d+” rating in a research report on Friday, October 27th. BidaskClub downgraded Cameco from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Raymond James Financial reaffirmed an “outperform” rating on shares of Cameco in a research report on Tuesday, August 15th. Finally, Royal Bank Of Canada dropped their price target on Cameco from $17.00 to $16.00 and set an “outperform” rating on the stock in a research report on Friday, October 20th. Four investment analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $16.71.
The company has a current ratio of 5.40, a quick ratio of 2.16 and a debt-to-equity ratio of 0.30.
The company 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 dividend of $0.078 per share. This represents a $0.31 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend is Thursday, December 28th. Cameco’s dividend payout ratio is presently -57.14%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brookstone Capital Management increased its position in shares of Cameco by 9.8% during the second quarter. Brookstone Capital Management now owns 11,522 shares of the basic materials company’s stock valued at $105,000 after purchasing an additional 1,033 shares during the period. Usca Ria LLC increased its position in shares of Cameco by 4.6% during the second quarter. Usca Ria LLC now owns 11,668 shares of the basic materials company’s stock valued at $106,000 after purchasing an additional 510 shares during the period. Quantbot Technologies LP acquired a new stake in Cameco in the 3rd quarter valued at $109,000. Mitchell Sinkler & Starr PA acquired a new stake in Cameco in the 3rd quarter valued at $113,000. Finally, Pinebridge Investments L.P. acquired a new stake in Cameco in the 3rd quarter valued at $114,000. Institutional investors and hedge funds own 50.87% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This story was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright & trademark law. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/12/07/cameco-ccj-stock-price-up-13.html.
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.
Receive News & Stock Ratings for Cameco Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cameco Corp and related stocks with our FREE daily email newsletter.