Cameco Corp (NYSE:CCJ) (TSE:CCO)’s share price gapped up before the market opened on Monday . The stock had previously closed at $11.60, but opened at $11.92. Cameco shares last traded at $12.24, with a volume of 3091633 shares.

CCJ has been the subject of several research analyst reports. Zacks Investment Research raised Cameco from a “sell” rating to a “hold” rating in a report on Monday, October 1st. Royal Bank of Canada upped their price target on Cameco from $15.00 to $16.00 and gave the company a “sector perform” rating in a report on Monday, November 5th. TheStreet raised Cameco from a “d+” rating to a “c” rating in a report on Monday, November 5th. Raymond James raised Cameco from a “market perform” rating to an “outperform” rating in a report on Thursday, September 27th. Finally, Bank of America raised Cameco from a “neutral” rating to a “buy” rating in a report on Monday. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $15.00.

The company has a quick ratio of 1.57, a current ratio of 2.14 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $4.72 billion, a PE ratio of 102.00 and a beta of 1.02.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Friday, November 2nd. The basic materials company reported $0.03 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.12. The business had revenue of $488.00 million for the quarter, compared to analyst estimates of $576.92 million. Cameco had a positive return on equity of 3.99% and a negative net margin of 2.65%. Cameco’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the prior year, the company earned ($0.13) EPS. Equities research analysts anticipate that Cameco Corp will post 0.02 EPS for the current year.

The company also recently disclosed an annual dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be given a $0.0608 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a yield of 0.49%. Cameco’s payout ratio is 66.67%.

Institutional investors and hedge funds have recently made changes to their positions in the business. MML Investors Services LLC acquired a new position in shares of Cameco in the 3rd quarter valued at $120,000. Sigma Planning Corp acquired a new position in shares of Cameco in the 2nd quarter valued at $121,000. DORCHESTER WEALTH MANAGEMENT Co acquired a new position in shares of Cameco in the 3rd quarter valued at $125,000. Natixis acquired a new position in shares of Cameco in the 2nd quarter valued at $130,000. Finally, Banco de Sabadell S.A lifted its stake in shares of Cameco by 100.0% in the 3rd quarter. Banco de Sabadell S.A now owns 10,000 shares of the basic materials company’s stock valued at $131,000 after purchasing an additional 5,000 shares during the period. Hedge funds and other institutional investors own 51.36% of the company’s stock.

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Cameco Company Profile (NYSE:CCJ)

Cameco Corporation produces and sells uranium worldwide. The company operates through three segments: Uranium, Fuel Services, and NUKEM. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrates. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; the Inkai property situated in Kazakhstan; the Smith Ranch-Highland property located in Wyoming, the United States; and the Crow Butte property situated in Nebraska, the United States.

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