Cameco Co. (NYSE:CCJ) Receives $42.89 Average Target Price from Brokerages

Cameco Co. (NYSE:CCJGet Rating) (TSE:CCO) has earned an average rating of “Buy” from the twelve analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $42.89.

Several equities analysts have recently issued reports on CCJ shares. Royal Bank of Canada raised Cameco from a “sector perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a research note on Monday, April 11th. StockNews.com initiated coverage on Cameco in a report on Thursday, March 31st. They issued a “sell” rating for the company. CIBC initiated coverage on Cameco in a report on Wednesday, January 19th. They issued an “outperform” rating for the company. Raymond James increased their price objective on Cameco from C$40.00 to C$47.00 in a report on Wednesday, April 20th. Finally, BMO Capital Markets upgraded Cameco from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $33.00 to $42.00 in a report on Wednesday, March 30th.

Several large investors have recently modified their holdings of CCJ. Norges Bank purchased a new stake in shares of Cameco during the fourth quarter valued at $68,182,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Cameco by 26.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,424,235 shares of the basic materials company’s stock valued at $271,275,000 after buying an additional 2,567,907 shares during the last quarter. Capital World Investors purchased a new stake in shares of Cameco during the fourth quarter valued at $44,008,000. Toronto Dominion Bank boosted its position in shares of Cameco by 98.5% during the fourth quarter. Toronto Dominion Bank now owns 3,601,183 shares of the basic materials company’s stock valued at $78,514,000 after buying an additional 1,786,663 shares during the last quarter. Finally, Two Sigma Advisers LP purchased a new stake in shares of Cameco during the third quarter valued at $34,292,000. Hedge funds and other institutional investors own 58.26% of the company’s stock.

Shares of CCJ traded down $0.58 during mid-day trading on Monday, hitting $25.81. 6,636,249 shares of the company’s stock traded hands, compared to its average volume of 8,049,185. The company has a quick ratio of 4.19, a current ratio of 5.18 and a debt-to-equity ratio of 0.21. Cameco has a 1 year low of $15.34 and a 1 year high of $32.49. The firm has a market capitalization of $10.28 billion, a P/E ratio of -129.04 and a beta of 0.84. The business’s 50-day moving average price is $27.32 and its 200-day moving average price is $24.68.

Cameco (NYSE:CCJGet Rating) (TSE:CCO) last posted its earnings results on Wednesday, February 9th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.07. Cameco had a negative return on equity of 2.00% and a negative net margin of 7.01%. The firm had revenue of $368.91 million for the quarter. During the same period last year, the firm posted $0.09 earnings per share. Sell-side analysts anticipate that Cameco will post 0.05 earnings per share for the current fiscal year.

The business also recently declared an annual dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th will be issued a dividend of $0.094 per share. The ex-dividend date is Tuesday, November 29th. This is an increase from Cameco’s previous annual dividend of $0.06. This represents a dividend yield of 0.41%. Cameco’s dividend payout ratio (DPR) is presently -30.00%.

Cameco Company Profile (Get Rating)

Cameco Corporation produces and sells uranium. It operates through two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.

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