Brokerages Set Cameco Corp (CCO) PT at $15.07

Cameco Corp (TSE:CCO) (NYSE:CCJ) has been assigned a consensus recommendation of “Buy” from the seven analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$15.07.

A number of brokerages recently commented on CCO. Royal Bank Of Canada increased their price target on Cameco Corp from C$16.00 to C$17.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Scotiabank raised their price objective on Cameco Corp from C$14.00 to C$14.50 and gave the company a “sector perform” rating in a research note on Friday, July 28th. Finally, CSFB lowered their price objective on Cameco Corp from C$13.50 to C$10.00 in a research note on Tuesday, July 18th.

Cameco Corp (TSE CCO) traded down 1.27% during mid-day trading on Friday, reaching $11.68. The company had a trading volume of 591,077 shares. Cameco Corp has a 1-year low of $9.88 and a 1-year high of $17.65. The company’s market capitalization is $4.62 billion. The firm has a 50-day moving average of $12.23 and a 200 day moving average of $12.97.

Cameco Corp (TSE:CCO) (NYSE:CCJ) last announced its quarterly earnings results on Thursday, July 27th. The company reported C($0.11) EPS for the quarter, beating analysts’ consensus estimates of C($0.14) by C$0.03. Cameco Corp had a negative return on equity of 0.12% and a negative net margin of 0.35%. The company had revenue of C$469.74 million during the quarter. During the same period in the previous year, the company posted ($0.14) earnings per share. On average, analysts predict that Cameco Corp will post $0.18 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.42%. The ex-dividend date of this dividend is Thursday, September 28th.

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Cameco Corp Company Profile

Cameco Corporation (Cameco) is a uranium producer. The Company is primarily 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.

Analyst Recommendations for Cameco Corp (TSE:CCO)

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