Cameco Co. (NYSE:CCJ) Receives $66.56 Consensus Target Price from Brokerages

Shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) have been given a consensus recommendation of “Buy” by the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $66.56.

A number of equities research analysts recently weighed in on CCJ shares. National Bank Financial upgraded shares of Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a report on Friday, October 4th.

Institutional Trading of Cameco

Hedge funds have recently bought and sold shares of the business. Glenmede Trust Co. NA increased its position in shares of Cameco by 2.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 9,149 shares of the basic materials company’s stock valued at $437,000 after purchasing an additional 191 shares during the last quarter. S.A. Mason LLC grew its position in Cameco by 6.0% during the third quarter. S.A. Mason LLC now owns 3,655 shares of the basic materials company’s stock valued at $175,000 after buying an additional 206 shares during the period. Silvia Mccoll Wealth Management LLC increased its holdings in Cameco by 3.9% during the third quarter. Silvia Mccoll Wealth Management LLC now owns 5,610 shares of the basic materials company’s stock worth $268,000 after buying an additional 210 shares during the last quarter. EdgeRock Capital LLC raised its position in Cameco by 1.7% in the third quarter. EdgeRock Capital LLC now owns 13,689 shares of the basic materials company’s stock worth $654,000 after acquiring an additional 224 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in Cameco by 71.5% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 238 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors.

Cameco Stock Down 0.1 %

Shares of NYSE:CCJ opened at $52.49 on Monday. The firm has a market cap of $22.85 billion, a P/E ratio of 276.28 and a beta of 0.91. Cameco has a 52-week low of $35.43 and a 52-week high of $62.55. The business’s 50 day simple moving average is $55.30 and its two-hundred day simple moving average is $49.24. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.40). Cameco had a net margin of 4.15% and a return on equity of 3.33%. The business had revenue of $721.00 million during the quarter, compared to analyst estimates of $646.83 million. During the same period in the previous year, the business posted $0.24 EPS. The business’s revenue for the quarter was up 25.4% compared to the same quarter last year. As a group, research analysts forecast that Cameco will post 0.51 EPS for the current fiscal year.

Cameco Increases Dividend

The firm also recently announced an annual dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were issued a $0.118 dividend. The ex-dividend date was Wednesday, November 27th. This is a positive change from Cameco’s previous annual dividend of $0.09. This represents a dividend yield of 0.22%. Cameco’s dividend payout ratio is currently 57.89%.

About Cameco

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, 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.