Cameco Corporation (CCJ) Trading Down 4.2%
Cameco Corporation (NYSE:CCJ) (TSE:CCO) shares traded down 4.2% during mid-day trading on Wednesday . The company traded as low as $8.76 and last traded at $9.19. 4,734,691 shares were traded during mid-day trading, an increase of 141% from the average session volume of 1,967,280 shares. The stock had previously closed at $8.82.
A number of research analysts have issued reports on the company. BidaskClub downgraded Cameco Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 17th. Scotiabank downgraded Cameco Corporation from a “sector perform” rating to an “underperform” rating in a research note on Tuesday. Zacks Investment Research upgraded Cameco Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Royal Bank Of Canada assumed coverage on Cameco Corporation in a research note on Thursday, June 29th. They issued an “outperform” rating and a $16.00 price objective for the company. Finally, Raymond James Financial, Inc. restated an “outperform” rating on shares of Cameco Corporation in a research note on Tuesday, August 15th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $16.27.
The firm has a 50-day moving average of $9.89 and a 200-day moving average of $9.99. The stock’s market capitalization is $3.72 billion.
Cameco Corporation (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Thursday, July 27th. The basic materials company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.03. The company had revenue of $470.00 million during the quarter, compared to analysts’ expectations of $383.81 million. Cameco Corporation had a positive return on equity of 2.59% and a negative net margin of 0.75%. Cameco Corporation’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.14) earnings per share. Analysts forecast that Cameco Corporation will post $0.14 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a dividend of $0.0799 per share. This represents a $0.32 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date is Thursday, September 28th. This is a boost from Cameco Corporation’s previous quarterly dividend of $0.07. Cameco Corporation’s dividend payout ratio is -1,066.31%.
Institutional investors have recently bought and sold shares of the stock. Brookstone Capital Management increased its position in Cameco Corporation by 9.8% during the second quarter. Brookstone Capital Management now owns 11,522 shares of the basic materials company’s stock valued at $105,000 after acquiring an additional 1,033 shares during the last quarter. Usca Ria LLC increased its position in Cameco Corporation by 4.6% during the second quarter. Usca Ria LLC now owns 11,668 shares of the basic materials company’s stock valued at $106,000 after acquiring an additional 510 shares during the last quarter. HRT Financial LLC purchased a new stake in Cameco Corporation during the second quarter valued at $129,000. Creative Planning increased its position in Cameco Corporation by 55.3% during the second quarter. Creative Planning now owns 15,541 shares of the basic materials company’s stock valued at $141,000 after acquiring an additional 5,531 shares during the last quarter. Finally, Hollencrest Securities LLC purchased a new stake in Cameco Corporation during the second quarter valued at $155,000. Institutional investors own 56.53% of the company’s stock.
About Cameco Corporation
Cameco Corporation (Cameco) is a uranium producer. The Company is primarily engaged in the exploration for and the development, mining, refining, conversion, fabrication and trading of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. The Company operates through three segments: uranium, fuel services and NUKEM.
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