Cameco Corp. (CCJ) Reaches New 52-Week Low at $9.17
Cameco Corp. (NYSE:CCJ) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $9.17 and last traded at $9.23, with a volume of 1,751,273 shares. The stock had previously closed at $9.56.
Several analysts have recently weighed in on CCJ shares. Vetr upgraded shares of Cameco Corp. from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Tuesday, June 14th. Royal Bank Of Canada restated an “outperform” rating on shares of Cameco Corp. in a research report on Wednesday, June 1st. Scotiabank downgraded shares of Cameco Corp. from an “outperform” rating to a “sector perform” rating in a research report on Thursday, April 7th. Finally, Zacks Investment Research upgraded shares of Cameco Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, June 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $17.18.
The company’s 50 day moving average is $10.78 and its 200-day moving average is $11.73. The firm’s market capitalization is $3.59 billion.
Cameco Corp. (NYSE:CCJ) last issued its quarterly earnings data on Thursday, July 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.30. The business had revenue of $466 million for the quarter, compared to the consensus estimate of $568.78 million. During the same period last year, the business earned $0.12 earnings per share. The firm’s quarterly revenue was down 17.5% compared to the same quarter last year. Analysts forecast that Cameco Corp. will post $0.77 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a $0.0757 dividend. This represents a $0.30 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Wednesday, September 28th.
Other hedge funds have recently modified their holdings of the company. I.G. Investment Management LTD. increased its stake in shares of Cameco Corp. by 9.5% in the fourth quarter. I.G. Investment Management LTD. now owns 871,725 shares of the company’s stock valued at $10,760,000 after buying an additional 75,950 shares during the period. Schroder Investment Management Group increased its stake in shares of Cameco Corp. by 108.7% in the fourth quarter. Schroder Investment Management Group now owns 491,100 shares of the company’s stock valued at $8,383,000 after buying an additional 255,800 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of Cameco Corp. by 9.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,051,889 shares of the company’s stock valued at $12,970,000 after buying an additional 86,770 shares during the period.
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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