Cameco Co. (NYSE:CCJ - Get Free Report) TSE: CCO's stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $58.75 and last traded at $57.99, with a volume of 468163 shares traded. The stock had previously closed at $57.46.
Analyst Ratings Changes
CCJ has been the topic of several recent research reports. Cantor Fitzgerald raised Cameco from a "neutral" rating to an "overweight" rating in a research report on Wednesday, July 31st. Scotiabank lowered their target price on shares of Cameco from $81.00 to $80.00 and set an "outperform" rating on the stock in a report on Monday, August 19th. National Bank Financial raised Cameco to a "strong-buy" rating in a research note on Tuesday, September 3rd. Janney Montgomery Scott raised shares of Cameco to a "strong-buy" rating in a research note on Friday, October 4th. Finally, Glj Research reaffirmed a "buy" rating and set a $63.73 price target on shares of Cameco in a research note on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $66.56.
Get Our Latest Research Report on Cameco
Cameco Stock Performance
The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average of $50.51 and a 200 day moving average of $48.47. The stock has a market capitalization of $25.11 billion, a P/E ratio of 303.63 and a beta of 0.89.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.40). The company had revenue of $721.00 million during 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 business's revenue for the quarter was up 25.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.24 EPS. Research analysts anticipate that Cameco Co. will post 0.7 EPS for the current fiscal year.
Cameco Increases Dividend
The firm also recently disclosed an annual dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be paid a $0.118 dividend. This is a positive change from Cameco's previous annual dividend of $0.09. The ex-dividend date is Wednesday, November 27th. This represents a yield of 0.22%. Cameco's dividend payout ratio is currently 57.89%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of CCJ. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of 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 worth $27,000 after purchasing an additional 238 shares during the last quarter. LRI Investments LLC bought a new position in shares of Cameco during the 1st quarter valued at approximately $26,000. Pingora Partners LLC purchased a new stake in Cameco during the third quarter valued at about $33,000. First Horizon Advisors Inc. grew its stake in Cameco by 84.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company's stock valued at $37,000 after buying an additional 351 shares in the last quarter. Finally, JFS Wealth Advisors LLC grew its stake in Cameco by 130.6% during the third quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company's stock valued at $46,000 after acquiring an additional 550 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company's stock.
About Cameco
(
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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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