By otakuyassine3@gmail.com 
Cameco Co. (NYSE:CCJ – Get Free Report) (TSE:CCO) shares fell 0.6% during mid-day trading on Thursday . The company traded as low as $51.52 and last traded at $52.33. 334,286 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 4,355,487 shares. The stock had previously closed at $52.62.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on CCJ. National Bank Financial upgraded Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $66.56.
Check Out Our Latest Research Report on CCJ
Cameco Stock Performance
The firm has a market capitalization of $22.83 billion, a price-to-earnings ratio of 276.07 and a beta of 0.91. The firm’s 50-day moving average price is $55.49 and its two-hundred day moving average price is $49.26. 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 – Get Free Report) (TSE:CCO) last released its quarterly earnings results on Thursday, November 7th. The basic materials company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). The business had revenue of $721.00 million for the quarter, compared to the consensus estimate of $646.83 million. Cameco had a return on equity of 3.33% and a net margin of 4.15%. The firm’s revenue was up 25.4% on a year-over-year basis. During the same quarter last year, the company earned $0.24 earnings per share. Sell-side analysts predict that Cameco Co. will post 0.51 earnings per share for the current year.
Cameco Increases Dividend
The business also recently disclosed an annual dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were given a $0.118 dividend. This represents a yield of 0.22%. The ex-dividend date was Wednesday, November 27th. This is a boost from Cameco’s previous annual dividend of $0.09. Cameco’s payout ratio is 57.89%.
Institutional Trading of Cameco
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. William Blair Investment Management LLC lifted its stake in shares of Cameco by 6.8% in the 2nd quarter. William Blair Investment Management LLC now owns 4,160,009 shares of the basic materials company’s stock valued at $204,672,000 after purchasing an additional 265,196 shares during the period. Driehaus Capital Management LLC lifted its stake in Cameco by 4.7% in the second quarter. Driehaus Capital Management LLC now owns 3,915,086 shares of the basic materials company’s stock valued at $192,622,000 after buying an additional 176,183 shares during the period. CIBC Asset Management Inc boosted its holdings in Cameco by 58.0% during 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 buying an additional 1,386,639 shares during the last quarter. Cibc World Market Inc. grew its position in shares of Cameco by 3.7% during the 2nd quarter. Cibc World Market Inc. now owns 3,272,805 shares of the basic materials company’s stock worth $161,022,000 after buying an additional 117,722 shares during the period. Finally, National Bank of Canada FI increased its stake in shares of Cameco by 16.9% in the 2nd quarter. National Bank of Canada FI now owns 2,634,371 shares of the basic materials company’s stock valued at $129,540,000 after acquiring an additional 381,176 shares during the last quarter. 70.21% of the stock is owned by institutional investors.
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.
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