Shares of Cameco Corp (NYSE:CCJ) (TSE:CCO) have been assigned a consensus rating of “Hold” from the twelve analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $15.00.

A number of equities research analysts have weighed in on CCJ shares. Bank of America raised Cameco from a “neutral” rating to a “buy” rating in a report on Monday, November 19th. Raymond James upgraded shares of Cameco from a “market perform” rating to an “outperform” rating in a research report on Thursday, September 27th. BMO Capital Markets upgraded shares of Cameco from a “market perform” rating to an “outperform” rating and set a $16.00 price target for the company in a research report on Thursday, September 27th. Scotiabank raised shares of Cameco from an “underperform” rating to a “sector perform” rating in a research note on Friday, September 28th. Finally, Royal Bank of Canada increased their price target on shares of Cameco from $15.00 to $16.00 and gave the company a “sector perform” rating in a report on Monday, November 5th.

Shares of NYSE:CCJ traded down $0.16 during midday trading on Friday, reaching $12.12. The company had a trading volume of 1,077,018 shares, compared to its average volume of 1,676,227. Cameco has a 1-year low of $8.34 and a 1-year high of $12.78. The company has a quick ratio of 1.57, a current ratio of 2.14 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $4.83 billion, a price-to-earnings ratio of 101.00 and a beta of 0.91.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Friday, November 2nd. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.12. Cameco had a positive return on equity of 3.99% and a negative net margin of 2.65%. The firm had revenue of $488.00 million during the quarter, compared to the consensus estimate of $576.92 million. During the same quarter in the previous year, the company posted ($0.13) EPS. The business’s revenue for the quarter was up .4% compared to the same quarter last year. Equities analysts predict that Cameco will post 0.2 earnings per share for the current year.

The firm also recently disclosed an annual dividend, which was paid on Friday, December 14th. Investors of record on Friday, November 30th were given a $0.0608 dividend. The ex-dividend date was Thursday, November 29th. This represents a dividend yield of 0.49%. Cameco’s dividend payout ratio is presently 50.00%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc increased its position in Cameco by 4.1% in the third quarter. Vanguard Group Inc now owns 10,893,975 shares of the basic materials company’s stock worth $124,191,000 after buying an additional 429,872 shares during the period. Marshall Wace North America L.P. acquired a new stake in shares of Cameco during the 3rd quarter worth approximately $1,066,000. Vanguard Group Inc. boosted its stake in Cameco by 4.1% in the 3rd quarter. Vanguard Group Inc. now owns 10,893,975 shares of the basic materials company’s stock valued at $124,191,000 after buying an additional 429,872 shares in the last quarter. Nordea Investment Management AB bought a new stake in shares of Cameco during the third quarter worth $483,000. Finally, Banco de Sabadell S.A grew its stake in shares of Cameco by 100.0% during the third quarter. Banco de Sabadell S.A now owns 10,000 shares of the basic materials company’s stock worth $131,000 after purchasing an additional 5,000 shares during the period. Hedge funds and other institutional investors own 48.45% of the company’s stock.

About Cameco

Cameco Corporation produces and sells uranium worldwide. The company operates through three segments: Uranium, Fuel Services, and NUKEM. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrates. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; the Inkai property situated in Kazakhstan; the Smith Ranch-Highland property located in Wyoming, the United States; and the Crow Butte property situated in Nebraska, the United States.

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Analyst Recommendations for Cameco (NYSE:CCJ)

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