Shares of Cameco Corp (NYSE:CCJ) (TSE:CCO) have been assigned a consensus rating of “Hold” from the twelve research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $15.00.
Several equities research analysts recently issued reports on CCJ shares. Zacks Investment Research raised Cameco from a “sell” rating to a “hold” rating in a research note on Monday, October 1st. Bank of America raised Cameco from a “neutral” rating to a “buy” rating in a research note on Monday, November 19th. Royal Bank of Canada upped their target price on Cameco from $15.00 to $16.00 and gave the stock a “sector perform” rating in a report on Monday, November 5th. TheStreet upgraded Cameco from a “d+” rating to a “c” rating in a research note on Monday, November 5th. Finally, Raymond James upgraded Cameco from a “market perform” rating to an “outperform” rating in a research note on Thursday, September 27th.
NYSE:CCJ traded down $0.16 during trading hours on Friday, reaching $12.12. 1,077,018 shares of the company were exchanged, compared to its average volume of 1,676,227. Cameco has a twelve month low of $8.34 and a twelve month high of $12.78. The stock has a market capitalization of $4.83 billion, a PE ratio of 101.00 and a beta of 0.91. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.57 and a current ratio of 2.14.
The company also recently declared an annual dividend, which was paid on Friday, December 14th. Investors of record on Friday, November 30th were issued a dividend of $0.0608 per share. This represents a yield of 0.49%. The ex-dividend date of this dividend was Thursday, November 29th. Cameco’s dividend payout ratio (DPR) is presently 50.00%.
Hedge funds have recently made changes to their positions in the business. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Cameco by 19.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 7,548,919 shares of the basic materials company’s stock valued at $86,059,000 after acquiring an additional 1,221,880 shares during the period. Russell Investments Group Ltd. increased its position in Cameco by 23.4% in the third quarter. Russell Investments Group Ltd. now owns 4,403,105 shares of the basic materials company’s stock worth $50,161,000 after buying an additional 835,328 shares during the period. Jupiter Asset Management Ltd. increased its holdings in shares of Cameco by 23.5% during the third quarter. Jupiter Asset Management Ltd. now owns 2,650,913 shares of the basic materials company’s stock valued at $30,194,000 after purchasing an additional 504,000 shares during the period. Korea Investment CORP boosted its position in shares of Cameco by 173.2% in the 3rd quarter. Korea Investment CORP now owns 760,057 shares of the basic materials company’s stock valued at $8,661,000 after purchasing an additional 481,900 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in Cameco by 295.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 603,408 shares of the basic materials company’s stock worth $6,879,000 after acquiring an additional 450,970 shares in the last quarter. 48.45% of the stock is owned by institutional investors.
Cameco Company Profile
Cameco Corporation produces and sells uranium worldwide. The company operates through three segments: Uranium, Fuel Services, and NUKEM. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrates. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; the Inkai property situated in Kazakhstan; the Smith Ranch-Highland property located in Wyoming, the United States; and the Crow Butte property situated in Nebraska, the United States.
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