Cameco Corp. (CCJ) To Go Ex-Dividend on September 28th
Cameco Corp. (NYSE:CCJ) declared a quarterly dividend on Friday, July 29th. Shareholders of record on Friday, September 30th will be given a dividend of 0.0757 per share on Friday, October 14th. This represents a $0.30 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Wednesday, September 28th.
A number of research firms have weighed in on CCJ. Scotiabank reissued a “sector perform” rating and issued a $13.50 price objective on shares of Cameco Corp. in a research report on Thursday. Vetr raised 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 reissued an “outperform” rating on shares of Cameco Corp. in a research report on Wednesday, June 1st. RBC Capital Markets reissued an “outperform” rating and issued a $15.00 price objective (down from $17.00) on shares of Cameco Corp. in a research report on Thursday, August 11th. Finally, TheStreet cut shares of Cameco Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 3rd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $16.86.
Shares of Cameco Corp. (NYSE:CCJ) opened at 8.95 on Friday. The firm’s market cap is $3.54 billion. The company’s 50-day moving average is $9.30 and its 200 day moving average is $11.07. Cameco Corp. has a 1-year low of $8.57 and a 1-year high of $14.52.
Cameco Corp. (NYSE:CCJ) last released its quarterly earnings results on Thursday, July 28th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates 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. Cameco Corp. had a negative net margin of 3.18% and a positive return on equity of 2.96%. The firm’s revenue for the quarter was down 17.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.12 EPS. On average, equities research analysts expect that Cameco Corp. will post $0.70 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CCJ. Sei Investments Co. increased its position in shares of Cameco Corp. by 8.9% in the second quarter. Sei Investments Co. now owns 14,627 shares of the company’s stock valued at $160,000 after buying an additional 1,200 shares during the period. Raymond James & Associates purchased a new position in shares of Cameco Corp. during the second quarter valued at approximately $297,000. Compagnie Lombard Odier SCmA increased its position in shares of Cameco Corp. by 17.4% in the second quarter. Compagnie Lombard Odier SCmA now owns 38,465 shares of the company’s stock valued at $419,000 after buying an additional 5,700 shares during the period. Cipher Capital LP purchased a new position in shares of Cameco Corp. during the second quarter valued at approximately $508,000. Finally, Southport Management L.L.C. increased its position in shares of Cameco Corp. by 25.0% in the second quarter. Southport Management L.L.C. now owns 50,000 shares of the company’s stock valued at $549,000 after buying an additional 10,000 shares during the period. Institutional investors and hedge funds own 55.84% of the company’s stock.
About Cameco Corp.
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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