According to Zacks, “Cameco Corporation is the world’s largest publicly traded uranium company and a growing gold producer. Its uranium products are used to generate electricity in nuclear power plants around the world, providing one of the cleanest sources of energy available today. “
Several other research firms have also recently commented on CCJ. RBC Capital Markets restated an outperform rating and issued a $17.00 target price (down previously from $20.00) on shares of Cameco Corp. in a research note on Tuesday, July 26th. TheStreet cut shares of Cameco Corp. from a hold rating to a sell rating in a research note on Wednesday, August 3rd. Paradigm Capital reiterated a buy rating and issued a $19.50 price objective (down previously from $25.50) on shares of Cameco Corp. in a research note on Thursday, August 4th. Royal Bank Of Canada reduced their price objective on shares of Cameco Corp. from $17.00 to $15.00 and set an outperform rating for the company in a research note on Wednesday, August 10th. Finally, Vetr upgraded shares of Cameco Corp. from a hold rating to a buy rating and set a $11.12 price objective for the company in a research note on Wednesday, June 29th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $16.86.
Shares of Cameco Corp. (NYSE:CCJ) opened at 8.02 on Tuesday. The company’s 50-day moving average is $8.69 and its 200 day moving average is $10.60. The stock’s market cap is $3.17 billion. Cameco Corp. has a 52 week low of $7.45 and a 52 week high of $14.52.
Cameco Corp. (NYSE:CCJ) last released its earnings results on Thursday, July 28th. The company reported ($0.14) EPS 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 firm earned $466 million during the quarter, compared to analyst estimates of $568.78 million. During the same quarter last year, the business posted $0.12 EPS. The firm’s revenue was down 17.5% on a year-over-year basis. Analysts forecast that Cameco Corp. will post $0.70 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were given a dividend of $0.0757 per share. This represents a $0.30 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date was Wednesday, September 28th. Cameco Corp.’s payout ratio is currently -206.65%.
Several large investors have recently modified their holdings of the company. Tocqueville Asset Management L.P. increased 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. AMP Capital Investors Ltd increased its stake in shares of Cameco Corp. by 56.7% in the first quarter. AMP Capital Investors Ltd now owns 496,646 shares of the company’s stock worth $6,509,000 after buying an additional 179,763 shares during the period. Credit Agricole S A increased its stake in shares of 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 period. AXA increased its stake in shares of 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 period. Finally, Capital Fund Management S.A. increased its stake in shares of Cameco Corp. by 2,952.3% in the second quarter. Capital Fund Management S.A. now owns 393,804 shares of the company’s stock worth $4,320,000 after buying an additional 380,902 shares during the period. Institutional investors and hedge funds own 56.08% of the company’s stock.
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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