Cameco Corp. (CCJ) Reaches New 52-Week Low at $10.15
Shares of Cameco Corp. (NYSE:CCJ) reached a new 52-week low on Monday . The stock traded as low as $10.15 and last traded at $10.18, with a volume of 783,948 shares trading hands. The stock had previously closed at $10.35.
Several analysts have recently weighed in on CCJ shares. Vetr raised shares of Cameco Corp. from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Wednesday, June 1st. Zacks Investment Research raised shares of Cameco Corp. from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 7th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Cameco Corp. in a research note on Wednesday, June 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Cameco Corp. presently has a consensus rating of “Hold” and a consensus price target of $18.23.
The stock has a 50-day moving average of $11.05 and a 200-day moving average of $11.78. The stock has a market cap of $4.06 billion and a price-to-earnings ratio of 35.14.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were given a $0.0789 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.09%. This is a positive change from Cameco Corp.’s previous quarterly dividend of $0.07. The ex-dividend date was Tuesday, June 28th.
A number of large investors recently added to or reduced their stakes in CCJ. Schroder Investment Management Group increased its stake in Cameco Corp. by 108.7% in the fourth quarter. Schroder Investment Management Group now owns 491,100 shares of the company’s stock worth $8,383,000 after buying an additional 255,800 shares during the last quarter. I.G. Investment Management LTD. increased its stake in Cameco Corp. by 9.5% in the fourth quarter. I.G. Investment Management LTD. now owns 871,725 shares of the company’s stock worth $10,760,000 after buying an additional 75,950 shares during the last quarter. Wells Fargo & Company MN increased its stake in Cameco Corp. by 9.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,051,889 shares of the company’s stock worth $12,970,000 after buying an additional 86,770 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Cameco Corp. by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,354,467 shares of the company’s stock worth $16,701,000 after buying an additional 32,021 shares during the last 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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