Cameco Corp (NYSE:CCJ) (TSE:CCO) has earned an average rating of “Hold” from the ten ratings firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $22.00.
A number of equities research analysts recently commented on the stock. Royal Bank of Canada lowered shares of Cameco from an “outperform” rating to a “sector perform” rating in a report on Tuesday, May 22nd. TheStreet lowered shares of Cameco from a “c” rating to a “d+” rating in a research note on Monday, July 30th. Zacks Investment Research lowered shares of Cameco from a “buy” rating to a “hold” rating in a research note on Tuesday, May 1st. TD Securities lowered shares of Cameco from a “buy” rating to a “hold” rating in a research note on Tuesday, June 26th. Finally, BMO Capital Markets lowered shares of Cameco from an “outperform” rating to a “market perform” rating and set a $15.00 price target on the stock. in a research note on Thursday, July 26th.
Shares of NYSE:CCJ traded down $0.27 during midday trading on Tuesday, reaching $10.77. 1,892,802 shares of the company were exchanged, compared to its average volume of 2,291,628. Cameco has a fifty-two week low of $7.68 and a fifty-two week high of $12.19. The company has a quick ratio of 3.58, a current ratio of 6.16 and a debt-to-equity ratio of 0.31. The firm has a market cap of $4.37 billion, a price-to-earnings ratio of 89.75 and a beta of 1.09.
Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Wednesday, July 25th. The basic materials company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.06). Cameco had a positive return on equity of 1.61% and a negative net margin of 10.03%. The company had revenue of $333.00 million for the quarter, compared to analyst estimates of $392.80 million. During the same quarter in the previous year, the business earned ($0.11) earnings per share. The company’s revenue was down 29.1% on a year-over-year basis. research analysts expect that Cameco will post 0.26 earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of CCJ. First Republic Investment Management Inc. raised its stake in Cameco by 33.0% in the 1st quarter. First Republic Investment Management Inc. now owns 19,153 shares of the basic materials company’s stock worth $174,000 after purchasing an additional 4,754 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Cameco by 3.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 166,373 shares of the basic materials company’s stock valued at $1,512,000 after buying an additional 4,845 shares in the last quarter. Guggenheim Capital LLC raised its position in shares of Cameco by 4.8% in the 1st quarter. Guggenheim Capital LLC now owns 113,451 shares of the basic materials company’s stock valued at $1,030,000 after buying an additional 5,200 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Cameco by 3.7% in the 1st quarter. CIBC Asset Management Inc now owns 168,342 shares of the basic materials company’s stock valued at $1,528,000 after buying an additional 5,973 shares in the last quarter. Finally, GWM Advisors LLC raised its position in shares of Cameco by 19.5% in the 1st quarter. GWM Advisors LLC now owns 44,050 shares of the basic materials company’s stock valued at $407,000 after buying an additional 7,200 shares in the last quarter. Hedge funds and other institutional investors own 53.17% of the company’s stock.
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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