RBC Capital Markets Reiterates Outperform Rating for Cameco Corp. (CCJ)
Other analysts have also issued reports about the stock. TheStreet lowered shares of Cameco Corp. from a hold rating to a sell rating in a research note on Wednesday, August 3rd. Paradigm Capital restated a buy rating and set a $19.50 price objective (down from $25.50) on shares of Cameco Corp. in a research note on Thursday, August 4th. Zacks Investment Research upgraded shares of Cameco Corp. from a strong sell rating to a buy rating and set a $9.00 price objective for the company in a research note on Tuesday, October 18th. Royal Bank Of Canada reduced their price objective on shares of Cameco Corp. from $17.00 to $15.00 and set an outperform rating for the company in a research note on Wednesday, August 10th. Finally, BMO Capital Markets restated an outperform rating and set a $17.00 price objective (down from $20.00) on shares of Cameco Corp. in a research note on Sunday, July 31st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. Cameco Corp. currently has a consensus rating of Hold and a consensus target price of $14.96.
Shares of Cameco Corp. (NYSE:CCJ) opened at 9.07 on Thursday. The company has a market capitalization of $3.59 billion, a P/E ratio of 68.20 and a beta of 1.42. Cameco Corp. has a 52-week low of $7.41 and a 52-week high of $13.59. The stock’s 50 day moving average is $8.39 and its 200 day moving average is $9.70.
Cameco Corp. (NYSE:CCJ) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.08. The company earned $670 million during the quarter, compared to analyst estimates of $494.13 million. Cameco Corp. had a net margin of 2.73% and a return on equity of 3.70%. Cameco Corp.’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the business earned $0.20 EPS. Equities analysts expect that Cameco Corp. will post $0.57 EPS for the current year.
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Institutional investors have recently bought and sold shares of the company. 1832 Asset Management L.P. increased its position in Cameco Corp. by 1.1% in the third quarter. 1832 Asset Management L.P. now owns 11,885 shares of the company’s stock worth $102,000 after buying an additional 130 shares during the last quarter. Rathbone Brothers plc increased its position in Cameco Corp. by 13.6% in the third quarter. Rathbone Brothers plc now owns 12,695 shares of the company’s stock worth $108,000 after buying an additional 1,520 shares during the last quarter. Evanson Asset Management LLC increased its position in Cameco Corp. by 5.8% in the third quarter. Evanson Asset Management LLC now owns 12,700 shares of the company’s stock worth $109,000 after buying an additional 700 shares during the last quarter. Kornitzer Capital Management Inc. KS acquired a new position in Cameco Corp. during the second quarter worth about $110,000. Finally, IFP Advisors Inc increased its position in Cameco Corp. by 7.2% in the second quarter. IFP Advisors Inc now owns 10,073 shares of the company’s stock worth $111,000 after buying an additional 678 shares during the last quarter. 54.09% of the stock is currently owned by institutional investors.
Cameco Corp. Company Profile
Cameco Corporation (Cameco) is a uranium producer. The Company is 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.
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