Cameco Corp. (CCJ) Sees Strong Trading Volume
Cameco Corp. (NYSE:CCJ) saw unusually-strong trading volume on Monday . Approximately 1,356,693 shares were traded during mid-day trading, a decline of 18% from the previous session’s volume of 1,658,548 shares.The stock last traded at $9.28 and had previously closed at $9.29.
Several equities analysts have recently weighed in on CCJ shares. Scotiabank reaffirmed a “sector perform” rating and issued a $15.50 price objective (down from $16.50) on shares of Cameco Corp. in a research note on Thursday, May 5th. Vetr lowered Cameco Corp. from a “strong-buy” rating to a “hold” rating and set a $11.88 price objective on the stock. in a research note on Monday, May 9th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Cameco Corp. in a research note on Wednesday, June 1st. Zacks Investment Research lowered Cameco Corp. from a “hold” rating to a “sell” rating in a research note on Monday, June 6th. Finally, Bank of America Corp. lowered Cameco Corp. from a “buy” rating to an “underperform” rating in a research note on Thursday, July 21st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $17.06.
The firm’s market cap is $3.70 billion. The stock’s 50-day moving average price is $9.92 and its 200 day moving average price is $11.44.
Cameco Corp. (NYSE:CCJ) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.30. The firm had revenue of $466 million for the quarter, compared to analysts’ expectations of $568.78 million. During the same period in the previous year, the business posted $0.12 earnings per share. Cameco Corp.’s quarterly revenue was down 17.5% on a year-over-year basis. On average, equities research analysts anticipate that Cameco Corp. will post $0.71 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be paid a $0.0757 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.24%.
An institutional investor recently raised its position in Cameco Corp. stock. Wells Fargo & Company MN boosted its position in Cameco Corp. (NYSE:CCJ) by 9.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,051,889 shares of the company’s stock after buying an additional 86,770 shares during the period. Wells Fargo & Company MN owned approximately 0.27% of Cameco Corp. worth $12,970,000 as of its most recent SEC filing.
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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