Cameco (TSE:CCO) Hits New 52-Week Low – What’s Next?

Cameco Co. (TSE:CCO) (NYSE:CCJ) shares reached a new 52-week low during mid-day 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 trading hands. The stock had previously closed at C$100.07.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. BMO Capital Markets set a C$150.00 price target on Cameco and gave the company an “outperform” rating in a research note on Tuesday. UBS Group upgraded Cameco from a “hold” rating to a “buy” rating and set a C$166.00 price objective for the company in a research note on Monday, July 27th. National Bank Financial lowered their price target on shares of Cameco from C$184.00 to C$178.00 and set an “outperform” rating on the stock in a report on Monday. Truist Financial upgraded Cameco to a “strong-buy” rating in a research report on Monday, July 13th. Finally, TD set a C$190.00 price target on shares of Cameco and gave the stock a “buy” rating in a research report on Thursday, September 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$179.18.

Cameco Stock Down 5.3%

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

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

Cameco Dividend Announcement

The company also recently declared an annual dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 15th will be paid a $0.24 dividend. The ex-dividend date is Monday, November 30th. This represents a yield of 24.0%. Cameco’s payout ratio is currently 26.37%.

Cameco Company Profile

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.