Cameco Corp. (CCJ) Sets New 12-Month Low at $9.05
Shares of Cameco Corp. (NYSE:CCJ) hit a new 52-week low during trading on Thursday . The company traded as low as $9.05 and last traded at $9.15, with a volume of 1,221,703 shares traded. The stock had previously closed at $9.22.
CCJ has been the topic of a number of research reports. Vetr raised shares of Cameco Corp. from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Wednesday, June 1st. Paradigm Capital reissued a “buy” rating and issued a $19.50 price objective (down previously from $25.50) on shares of Cameco Corp. in a research report on Thursday, August 4th. Dundee Securities reissued a “buy” rating and issued a $17.50 price objective on shares of Cameco Corp. in a research report on Wednesday, August 10th. Zacks Investment Research raised shares of Cameco Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, June 14th. Finally, RBC Capital Markets reissued an “outperform” rating and issued a $17.00 price objective (down previously from $20.00) on shares of Cameco Corp. in a research report on Tuesday, July 26th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $17.06.
The company’s market cap is $3.61 billion. The firm’s 50-day moving average is $9.84 and its 200 day moving average is $11.41.
Cameco Corp. (NYSE:CCJ) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.16 by $0.30. The firm had revenue of $466 million for the quarter, compared to the consensus estimate of $568.78 million. The firm’s revenue for the quarter was down 17.5% on a year-over-year basis. During the same period last year, the business posted $0.12 earnings per share. On average, equities research analysts predict that Cameco Corp. will post $0.71 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be given a dividend of $0.0757 per share. This represents a $0.30 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend is Wednesday, September 28th.
An institutional investor recently raised its position in Cameco Corp. stock. Ameriprise Financial Inc. increased its stake in Cameco Corp. (NYSE:CCJ) by 6.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 136,597 shares of the company’s stock after buying an additional 8,865 shares during the period. Ameriprise Financial Inc.’s holdings in Cameco Corp. were worth $1,686,000 at the end of the most recent quarter.
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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