TheStreet upgraded shares of Cameco (NYSE:CCJ) (TSE:CCO) from a d+ rating to a c rating in a research note issued to investors on Monday morning.

A number of other research firms have also recently commented on CCJ. Rosenblatt Securities cut Cameco to a hold rating in a research note on Monday. Howard Weil raised Cameco from a sector underperform rating to a sector perform rating in a research note on Friday, September 28th. Zacks Investment Research raised Cameco from a sell rating to a hold rating in a research note on Monday, October 1st. Royal Bank of Canada increased their target price on Cameco from $15.00 to $16.00 and gave the stock a sector perform rating in a research note on Monday. Finally, Raymond James raised Cameco from a market perform rating to an outperform rating in a research note on Thursday, September 27th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of Hold and an average price target of $14.67.

NYSE CCJ opened at $12.48 on Monday. Cameco has a 12 month low of $8.34 and a 12 month high of $12.78. The firm has a market capitalization of $4.41 billion, a PE ratio of 104.00 and a beta of 1.02. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.58 and a current ratio of 6.16.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Friday, November 2nd. The basic materials company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.12. Cameco had a positive return on equity of 3.96% and a negative net margin of 2.65%. The firm had revenue of $488.00 million for the quarter, compared to analysts’ expectations of $576.92 million. During the same period in the prior year, the firm posted ($0.13) earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. As a group, equities analysts anticipate that Cameco will post 0.02 earnings per share for the current year.

The firm also recently disclosed an annual dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be given a dividend of $0.0608 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a dividend yield of 0.49%. Cameco’s dividend payout ratio (DPR) is presently 66.67%.

Several institutional investors have recently added to or reduced their stakes in CCJ. MML Investors Services LLC purchased a new stake in shares of Cameco during the third quarter valued at $120,000. Sigma Planning Corp purchased a new stake in shares of Cameco during the second quarter valued at $121,000. DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in shares of Cameco during the third quarter valued at $125,000. Natixis purchased a new stake in shares of Cameco during the second quarter valued at $130,000. Finally, Atria Investments LLC purchased a new stake in shares of Cameco during the second quarter valued at $136,000. 50.95% of the stock is currently 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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Analyst Recommendations for Cameco (NYSE:CCJ)

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