Cameco Corp (NYSE:CCJ) (TSE:CCO) has been assigned a consensus rating of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $13.00.
CCJ has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Cameco from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. CIBC set a $13.00 price target on shares of Cameco and gave the company a “hold” rating in a research report on Monday, November 4th. Finally, Zacks Investment Research upgraded shares of Cameco from a “sell” rating to a “hold” rating in a report on Monday, November 25th.
Shares of CCJ traded down $0.12 during trading on Monday, reaching $9.13. 1,593,663 shares of the company traded hands, compared to its average volume of 2,053,134. Cameco has a twelve month low of $8.03 and a twelve month high of $13.04. The stock has a market cap of $3.63 billion, a PE ratio of 22.83 and a beta of 0.90. The stock has a 50-day simple moving average of $9.35 and a 200-day simple moving average of $9.59. The company has a quick ratio of 3.86, a current ratio of 5.63 and a debt-to-equity ratio of 0.20.
The firm also recently disclosed an annual dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be issued a $0.122 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a dividend yield of 1.24%. This is a boost from Cameco’s previous annual dividend of $0.06. Cameco’s payout ratio is 15.00%.
Several hedge funds have recently made changes to their positions in CCJ. FMR LLC grew its holdings in shares of Cameco by 45,417.1% in the first quarter. FMR LLC now owns 98,317 shares of the basic materials company’s stock valued at $1,159,000 after purchasing an additional 98,101 shares in the last quarter. First Trust Advisors LP acquired a new position in shares of Cameco in the first quarter valued at approximately $446,000. Amundi Pioneer Asset Management Inc. grew its holdings in shares of Cameco by 16.1% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 185,601 shares of the basic materials company’s stock valued at $2,189,000 after purchasing an additional 25,793 shares in the last quarter. S&CO Inc. grew its holdings in shares of Cameco by 7.6% in the second quarter. S&CO Inc. now owns 595,640 shares of the basic materials company’s stock valued at $6,391,000 after purchasing an additional 42,005 shares in the last quarter. Finally, Confluence Investment Management LLC grew its holdings in shares of Cameco by 6.7% in the second quarter. Confluence Investment Management LLC now owns 18,574 shares of the basic materials company’s stock valued at $199,000 after purchasing an additional 1,168 shares in the last quarter. Hedge funds and other institutional investors own 56.47% of the company’s stock.
Cameco Company Profile
Cameco Corporation produces and sells uranium worldwide. The company operates in two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrate. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; and the Inkai property located in Kazakhstan.
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