Cameco Corp. (CCJ) Sees Large Volume Increase
Cameco Corp. (NYSE:CCJ) shares saw unusually-strong trading volume on Monday . Approximately 3,161,400 shares traded hands during mid-day trading, an increase of 78% from the previous session’s volume of 1,775,967 shares.The stock last traded at $9.30 and had previously closed at $9.13.
A number of brokerages have weighed in on CCJ. BMO Capital Markets reiterated an “outperform” rating and set a $17.00 price target (down from $20.00) on shares of Cameco Corp. in a report on Sunday, July 31st. Bank of America Corp. downgraded Cameco Corp. from a “buy” rating to an “underperform” rating in a report on Thursday, July 21st. Zacks Investment Research downgraded Cameco Corp. from a “hold” rating to a “sell” rating in a report on Monday, June 6th. Vetr downgraded Cameco Corp. from a “buy” rating to a “hold” rating and set a $11.12 price target for the company. in a report on Thursday, June 23rd. Finally, Royal Bank Of Canada decreased their price target on Cameco Corp. from $20.00 to $17.00 and set an “outperform” rating for the company in a report on Tuesday, July 26th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. Cameco Corp. presently has an average rating of “Buy” and a consensus target price of $17.06.
The firm’s market cap is $3.68 billion. The firm’s 50-day moving average is $9.75 and its 200 day moving average is $11.37.
Cameco Corp. (NYSE:CCJ) last posted its quarterly earnings results on Thursday, July 28th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.30. The business had revenue of $466 million for the quarter, compared to analyst estimates of $568.78 million. During the same period in the previous year, the company earned $0.12 earnings per share. The firm’s revenue was down 17.5% compared to the same quarter last year. Equities analysts expect that Cameco Corp. will post $0.71 earnings per share for the current year.
The firm also recently declared 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. This represents a $0.30 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend is Wednesday, September 28th.
A hedge fund recently raised its stake 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 disclosure 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 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.
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