Cameco Corp. (CCJ) Trading Up 2.4%
Cameco Corp. (NYSE:CCJ) shares were up 2.4% on Tuesday . The stock traded as high as $9.56 and last traded at $9.36, with a volume of 1,672,975 shares. The stock had previously closed at $9.14.
Several research analysts have weighed in on CCJ shares. Scotiabank lowered Cameco Corp. from an “outperform” rating to a “sector perform” rating in a research report on Thursday, April 7th. Zacks Investment Research raised Cameco Corp. from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 7th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $24.00 price target on shares of Cameco Corp. in a research report on Tuesday, April 19th. CIBC reaffirmed a “sector outperform” rating and set a $22.00 price target on shares of Cameco Corp. in a research report on Saturday, April 23rd. Finally, Vetr downgraded Cameco Corp. from a “strong-buy” rating to a “buy” rating and set a $14.58 target price for the company. in a research note on Friday, April 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. Cameco Corp. currently has an average rating of “Buy” and an average target price of $17.18.
The company’s market capitalization is $3.74 billion. The company has a 50-day moving average price of $10.71 and a 200-day moving average price of $11.72.
Cameco Corp. (NYSE:CCJ) last posted 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. During the same period last year, the business earned $0.12 EPS. The firm earned $466 million during the quarter, compared to analysts’ expectations of $568.78 million. Cameco Corp.’s quarterly revenue was down 17.5% compared to the same quarter last year. On average, equities research analysts anticipate that Cameco Corp. will post $0.77 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 paid a $0.0757 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.30 annualized dividend and a dividend yield of 3.20%.
Other hedge funds and institutional investors have recently modified their holdings of the company. Schroder Investment Management Group increased its position 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 in the last quarter. I.G. Investment Management LTD. increased its position 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 in the last quarter. Finally, Wells Fargo & Company MN increased its position 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 in 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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