Cameco (NYSE:CCJ) (TSE:CCO) had its price target boosted by Royal Bank of Canada from $15.00 to $16.00 in a research report sent to investors on Monday. The brokerage currently has a sector perform rating on the basic materials company’s stock.
Several other research firms also recently commented on CCJ. Rosenblatt Securities downgraded Cameco to a hold rating in a research report on Monday. Howard Weil raised Cameco from a sector underperform rating to a sector perform rating in a research report on Friday, September 28th. Zacks Investment Research raised Cameco from a sell rating to a hold rating in a research report on Monday, October 1st. Raymond James raised Cameco from a market perform rating to an outperform rating in a research report on Thursday, September 27th. Finally, Scotiabank raised Cameco from an underperform rating to a sector perform rating in a research report on Friday, September 28th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Cameco presently has an average rating of Hold and a consensus price target of $14.67.
Shares of Cameco stock traded up $0.55 on Monday, hitting $12.65. The stock had a trading volume of 327,300 shares, compared to its average volume of 2,123,528. Cameco has a twelve month low of $8.34 and a twelve month high of $12.38. The company has a current ratio of 6.16, a quick ratio of 3.58 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 105.71 and a beta of 1.02.
Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Friday, November 2nd. The basic materials company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.09) by $0.12. Cameco had a positive return on equity of 3.96% and a negative net margin of 2.65%. The company had revenue of $488.00 million for the quarter, compared to the consensus estimate of $576.92 million. During the same quarter in the prior year, the business earned ($0.13) earnings per share. The firm’s revenue for the quarter was up .4% on a year-over-year basis. As a group, equities research analysts predict that Cameco will post 0.02 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of CCJ. Sigma Planning Corp acquired a new stake in Cameco during the second quarter worth approximately $121,000. DORCHESTER WEALTH MANAGEMENT Co acquired a new stake in Cameco during the third quarter worth approximately $125,000. Natixis acquired a new stake in shares of Cameco in the 2nd quarter valued at $130,000. Atria Investments LLC acquired a new stake in shares of Cameco in the 2nd quarter valued at $136,000. Finally, Ayalon Holdings Ltd. acquired a new stake in shares of Cameco in the 3rd quarter valued at $149,000. 50.95% of the stock is currently owned by institutional investors and hedge funds.
Cameco Company Profile
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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