Cameco Corp. (CCJ) Sets New 1-Year Low at $9.05
Cameco Corp. (NYSE:CCJ) reached a new 52-week low during trading on Thursday . The stock traded as low as $9.05 and last traded at $9.15, with a volume of 1,221,703 shares changing hands. The stock had previously closed at $9.22.
CCJ has been the topic of a number of research analyst reports. Royal Bank Of Canada restated an “outperform” rating on shares of Cameco Corp. in a research note on Wednesday, June 1st. Vetr upgraded Cameco Corp. from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Wednesday, June 1st. Zacks Investment Research upgraded Cameco Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, June 14th. RBC Capital Markets restated an “outperform” rating and issued a $17.00 price target (down previously from $20.00) on shares of Cameco Corp. in a research note on Tuesday, July 26th. Finally, Paradigm Capital restated a “buy” rating and issued a $19.50 price target (down previously from $25.50) on shares of Cameco Corp. in a research note on Thursday, August 4th. Two 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’s stock. Cameco Corp. presently has an average rating of “Buy” and a consensus price target of $17.06.
The company’s market cap is $3.68 billion. The stock has a 50 day moving average of $9.75 and a 200-day moving average of $11.37.
Cameco Corp. (NYSE:CCJ) last announced its earnings results on Thursday, July 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.30. The company earned $466 million during the quarter, compared to the consensus estimate of $568.78 million. The firm’s revenue was down 17.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.12 earnings per share. On average, equities research analysts anticipate that Cameco Corp. will post $0.71 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders 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 annualized dividend and a dividend yield of 3.25%.
An institutional investor recently raised its position in Cameco Corp. stock. Ameriprise Financial Inc. boosted its stake in shares of Cameco Corp. (NYSE:CCJ) by 6.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 reporting period.
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.