Cameco Corporation (NYSE:CCJ) (TSE:CCO) had its price objective hoisted by Bank of America Corporation from $27.00 to $29.00 in a research note released on Wednesday, October 4th. Bank of America Corporation currently has an underperform rating on the basic materials company’s stock.
CCJ has been the subject of several other reports. Royal Bank Of Canada initiated coverage on Cameco Corporation in a report on Thursday, June 29th. They issued an outperform rating and a $16.00 target price for the company. Zacks Investment Research lowered Cameco Corporation from a hold rating to a strong sell rating in a report on Tuesday, August 1st. BidaskClub upgraded Cameco Corporation from a strong sell rating to a sell rating in a report on Thursday, June 29th. Scotiabank lowered Cameco Corporation from a sector perform rating to an underperform rating in a report on Tuesday, October 3rd. Finally, Credit Suisse Group lowered Cameco Corporation from a neutral rating to an underperform rating in a report on Monday, July 17th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $15.22.
Cameco Corporation (NYSE:CCJ) opened at 9.13 on Wednesday. The stock’s market cap is $3.61 billion. Cameco Corporation has a 12-month low of $7.41 and a 12-month high of $13.36. The firm has a 50 day moving average of $9.78 and a 200-day moving average of $9.90.
Cameco Corporation (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Thursday, July 27th. The basic materials company reported ($0.08) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.03. Cameco Corporation had a positive return on equity of 2.59% and a negative net margin of 0.75%. The firm had revenue of $470.00 million during the quarter, compared to analyst estimates of $383.81 million. During the same period in the previous year, the company earned ($0.14) EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis. On average, analysts expect that Cameco Corporation will post $0.15 earnings per share for the current year.
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The business also recently declared a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were given a $0.0799 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 3.50%. This is a boost from Cameco Corporation’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Thursday, September 28th. Cameco Corporation’s dividend payout ratio is -1,066.31%.
A number of large investors have recently made changes to their positions in CCJ. Brookstone Capital Management grew its position in Cameco Corporation by 9.8% in the second quarter. Brookstone Capital Management now owns 11,522 shares of the basic materials company’s stock valued at $105,000 after acquiring an additional 1,033 shares during the period. Usca Ria LLC grew its holdings in shares of Cameco Corporation by 4.6% during the second quarter. Usca Ria LLC now owns 11,668 shares of the basic materials company’s stock worth $106,000 after purchasing an additional 510 shares during the last quarter. HRT Financial LLC bought a new stake in shares of Cameco Corporation during the second quarter worth $129,000. Creative Planning grew its holdings in shares of Cameco Corporation by 55.3% during the second quarter. Creative Planning now owns 15,541 shares of the basic materials company’s stock worth $141,000 after purchasing an additional 5,531 shares during the last quarter. Finally, Hollencrest Securities LLC bought a new stake in shares of Cameco Corporation during the second quarter worth $155,000. Hedge funds and other institutional investors own 56.51% of the company’s stock.
Cameco Corporation Company Profile
Cameco Corporation (Cameco) is a uranium producer. The Company is primarily 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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