Cameco Co. (NYSE:CCJ - Get Free Report) TSE: CCO was the recipient of unusually large options trading on Thursday. Investors purchased 28,210 put options on the stock. This is an increase of approximately 942% compared to the typical volume of 2,706 put options.
Analyst Ratings Changes
A number of brokerages recently commented on CCJ. National Bank Financial raised Cameco to a "strong-buy" rating in a research note on Tuesday, September 3rd. Janney Montgomery Scott raised Cameco to a "strong-buy" rating in a research report on Friday, October 4th. Finally, Scotiabank lowered their price objective on Cameco from $81.00 to $80.00 and set an "outperform" rating for the company in a research report on Monday, August 19th. One equities 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. According to MarketBeat.com, Cameco presently has a consensus rating of "Buy" and a consensus target price of $66.56.
Check Out Our Latest Analysis on CCJ
Cameco Stock Performance
Shares of CCJ stock traded down $1.71 during trading hours on Friday, reaching $54.29. 3,583,140 shares of the company's stock were exchanged, compared to its average volume of 4,408,180. The company has a market cap of $23.63 billion, a P/E ratio of 286.70 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 has a 1 year low of $35.43 and a 1 year high of $62.55. The company's 50 day moving average is $55.27 and its two-hundred day moving average is $49.37.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings data 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 return on equity of 3.33% and a net margin of 4.15%. 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 company earned $0.24 EPS. Cameco's revenue was up 25.4% on a year-over-year basis. Equities research analysts anticipate that Cameco will post 0.51 EPS for the current fiscal year.
Cameco Increases Dividend
The business also recently disclosed an annual dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be issued a $0.118 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This is a boost from Cameco's previous annual dividend of $0.09. This represents a dividend yield of 0.22%. Cameco's dividend payout ratio (DPR) is 63.16%.
Institutional Investors Weigh In On Cameco
A number of large investors have recently made changes to their positions in CCJ. Glenmede Trust Co. NA grew its position in Cameco by 2.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 9,149 shares of the basic materials company's stock worth $437,000 after acquiring an additional 191 shares during the last quarter. S.A. Mason LLC increased its stake in shares of Cameco by 6.0% during the 3rd quarter. S.A. Mason LLC now owns 3,655 shares of the basic materials company's stock worth $175,000 after purchasing an additional 206 shares during the last quarter. Silvia Mccoll Wealth Management LLC raised its position in shares of Cameco by 3.9% in the third quarter. Silvia Mccoll Wealth Management LLC now owns 5,610 shares of the basic materials company's stock valued at $268,000 after purchasing an additional 210 shares during the period. EdgeRock Capital LLC increased its stake in Cameco by 1.7% during the 3rd 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, LRI Investments LLC lifted its stake in Cameco by 39.0% during the second quarter. LRI Investments LLC now owns 834 shares of the basic materials company's stock worth $41,000 after purchasing an additional 234 shares during 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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