Cameco Co. (CCO.TO) (TSE:CCO) Hits New 52-Week Low at $0.02


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Cameco Co. (CCO.TO) (TSE:CCO) (NYSE:CCJ) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.02, with a volume of 1086450 shares. The stock had previously closed at C$17.51.

Several research analysts recently commented on CCO shares. Royal Bank of Canada cut Cameco Co. (CCO.TO) from a “sector perform” rating to an “underperform” rating and boosted their target price for the stock from C$14.00 to C$15.00 in a research note on Thursday, December 17th. TD Securities cut Cameco Co. (CCO.TO) from a “buy” rating to a “hold” rating and boosted their target price for the stock from C$16.00 to C$18.00 in a research note on Wednesday, December 16th. Scotiabank boosted their target price on Cameco Co. (CCO.TO) from C$16.00 to C$19.00 in a research note on Tuesday, December 15th. BMO Capital Markets upped their price objective on Cameco Co. (CCO.TO) from C$16.50 to C$18.50 in a research report on Thursday, December 17th. Finally, Eight Capital upped their price objective on Cameco Co. (CCO.TO) from C$16.00 to C$17.50 in a research report on Tuesday, December 15th.

The company has a 50-day moving average price of C$16.21 and a 200-day moving average price of C$14.37. The firm has a market capitalization of C$6.88 billion and a price-to-earnings ratio of -1,459.17. The company has a debt-to-equity ratio of 20.67, a quick ratio of 2.74 and a current ratio of 4.78.

Cameco Co. (CCO.TO) (TSE:CCO) (NYSE:CCJ) last posted its earnings results on Wednesday, November 4th. The company reported C($0.20) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.04) by C($0.16). The firm had revenue of C$379.00 million during the quarter. On average, research analysts expect that Cameco Co. will post -0.16 earnings per share for the current fiscal year.

The company also recently announced an annual dividend, which was paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th were issued a $0.08 dividend. This represents a dividend yield of 0.66%. The ex-dividend date was Friday, November 27th. Cameco Co. (CCO.TO)’s payout ratio is currently -666.67%.

About Cameco Co. (CCO.TO) (TSE:CCO)

Cameco Corporation produces and sells uranium. The company operates in two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrate. Its operating uranium property is the Cigar Lake property located in Saskatchewan, Canada.

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