Analysts Set Cameco Co. (NYSE:CCJ) PT at $66.56

Shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) have been given a consensus recommendation of “Buy” by the seven ratings firms that are presently covering the stock, MarketBeat 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 twelve-month price target among brokers that have issued ratings on the stock in the last year is $66.56.

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

Cameco Stock Down 0.1 %

Shares of NYSE CCJ opened at $52.49 on Monday. The business’s fifty day moving average price is $55.30 and its 200-day moving average price is $49.24. Cameco has a one year low of $35.43 and a one year high of $62.55. The stock has a market capitalization of $22.85 billion, a PE ratio of 276.28 and a beta of 0.91. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26.

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

Cameco Increases Dividend

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

Institutional Trading of Cameco

Large investors have recently modified their holdings of the business. Massachusetts Financial Services Co. MA bought a new stake in Cameco during the second quarter valued at approximately $73,125,000. CIBC Asset Management Inc grew its position in Cameco by 58.0% in the third quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock worth $181,382,000 after acquiring an additional 1,386,639 shares in the last quarter. M&G PLC bought a new position in Cameco in the third quarter valued at $66,227,000. Segra Capital Management LLC purchased a new stake in Cameco during the third quarter valued at about $53,013,000. Finally, Fred Alger Management LLC lifted its stake in Cameco by 99.7% during the third quarter. Fred Alger Management LLC now owns 1,680,259 shares of the basic materials company’s stock worth $80,249,000 after purchasing an additional 839,077 shares during the last quarter. Institutional investors own 70.21% of the company’s stock.

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.