Cameco Corp. (NYSE:CCJ)‘s stock had its “sector perform” rating reiterated by stock analysts at Scotiabank in a report released on Thursday. They presently have a $13.50 price objective on the stock. Scotiabank’s target price points to a potential upside of 52.71% from the company’s previous close.
CCJ has been the subject of a number of other reports. BMO Capital Markets reiterated an “outperform” rating and set a $17.00 target price (down from $20.00) on shares of Cameco Corp. in a research report on Sunday, July 31st. Bank of America Corp. downgraded Cameco Corp. from a “buy” rating to an “underperform” rating in a research report on Thursday, July 21st. Zacks Investment Research downgraded Cameco Corp. from a “hold” rating to a “sell” rating in a research report on Monday, June 6th. Vetr downgraded Cameco Corp. from a “buy” rating to a “hold” rating and set a $11.12 target price for the company. in a research report on Thursday, June 23rd. Finally, Royal Bank Of Canada lowered their target price on Cameco Corp. from $20.00 to $17.00 and set an “outperform” rating for the company in a research report on Tuesday, July 26th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company’s stock. Cameco Corp. has a consensus rating of “Buy” and a consensus price target of $16.86.
Shares of Cameco Corp. (NYSE:CCJ) opened at 8.84 on Thursday. The company’s market cap is $3.50 billion. Cameco Corp. has a 12-month low of $8.57 and a 12-month high of $14.52. The company has a 50-day moving average of $9.28 and a 200 day moving average of $11.05.
Cameco Corp. (NYSE:CCJ) last posted its quarterly earnings results on Thursday, July 28th. The company reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.30. Cameco Corp. had a positive return on equity of 2.96% and a negative net margin of 3.18%. The business earned $466 million during the quarter, compared to the consensus estimate of $568.78 million. During the same quarter in the previous year, the company earned $0.12 earnings per share. The company’s revenue for the quarter was down 17.5% compared to the same quarter last year. On average, equities research analysts expect that Cameco Corp. will post $0.71 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be paid a $0.0757 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.30 dividend on an annualized basis and a yield of 3.42%. Cameco Corp.’s payout ratio is -206.65%.
Hedge funds have recently added to or reduced their stakes in the company. AXA raised its stake in Cameco Corp. by 3.5% in the first quarter. AXA now owns 52,950 shares of the company’s stock worth $682,000 after buying an additional 1,801 shares during the last quarter. 1832 Asset Management L.P. raised its stake in Cameco Corp. by 51.1% in the first quarter. 1832 Asset Management L.P. now owns 29,819 shares of the company’s stock worth $497,000 after buying an additional 10,082 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in Cameco Corp. by 102.2% in the first quarter. Canada Pension Plan Investment Board now owns 298,144 shares of the company’s stock worth $3,842,000 after buying an additional 150,715 shares during the last quarter. Credit Agricole S A raised its stake in Cameco Corp. by 9.7% in the first quarter. Credit Agricole S A now owns 72,330 shares of the company’s stock worth $929,000 after buying an additional 6,367 shares during the last quarter. Finally, AMF Pensionsforsakring AB raised its stake in Cameco Corp. by 29.7% in the first quarter. AMF Pensionsforsakring AB now owns 16,600 shares of the company’s stock worth $215,000 after buying an additional 3,800 shares during the last quarter. Institutional investors and hedge funds own 55.84% 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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