Cameco (TSE:CCO) Hits New 1-Year Low – Here’s What Happened

Cameco Co. (TSE:CCO) (NYSE:CCJ) hit a new 52-week low during trading on Thursday. The stock traded as low as C$95.40 and last traded at C$96.07, with a volume of 483,955 shares. The stock had previously closed at C$100.07.

Analysts Set New Price Targets

A number of research firms recently issued reports on CCO. UBS Group raised shares of Cameco from a “hold” rating to a “buy” rating and set a C$166.00 price target for the company in a research note on Monday, July 27th. BMO Capital Markets set a C$150.00 price target on shares of Cameco and gave the company an “outperform” rating in a report on Tuesday. Royal Bank Of Canada set a C$184.00 target price on shares of Cameco and gave the company an “outperform” rating in a research report on Thursday, September 24th. Barclays cut their price objective on Cameco from C$149.00 to C$147.00 in a research note on Thursday, July 16th. Finally, Jefferies Financial Group set a C$190.00 price objective on shares of Cameco and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$179.18.

Cameco Price Performance

The company has a quick ratio of 3.74, a current ratio of 2.55 and a debt-to-equity ratio of 13.95. The company has a market capitalization of C$41.28 billion, a PE ratio of 104.16, a price-to-earnings-growth ratio of 2.22 and a beta of 1.19. The firm’s 50 day simple moving average is C$124.59 and its 200 day simple moving average is C$143.74.

Cameco (TSE:CCO) (NYSE:CCJ) last announced its quarterly earnings data on Friday, October 30th. The company reported C($0.01) earnings per share (EPS) for the quarter. Cameco had a return on equity of 5.61% and a net margin of 11.43%. The firm had revenue of C$619.06 million during the quarter.

Cameco Dividend Announcement

The business also recently disclosed an annual dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 15th will be issued a dividend of $0.24 per share. The ex-dividend date is Monday, November 30th. This represents a yield of 24.0%. Cameco’s dividend payout ratio (DPR) is presently 26.37%.

About Cameco

Cameco is one of the largest global providers of the uranium fuel needed to power a secure energy future. Our competitive position is based on our controlling ownership of the world’s largest high-grade reserves and low-cost operations, as well as significant investments across the nuclear fuel cycle, including ownership interests in Westinghouse Electric Company and Global Laser Enrichment. Utilities around the world rely on Cameco to provide global nuclear fuel solutions for the generation of safe, reliable, carbon-free nuclear power.