Cameco (NYSE:CCJ) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of Cameco (NYSE:CCJ) (TSE:CCO) from a buy rating to a hold rating in a research report report published on Saturday.

Other analysts have also issued reports about the stock. Scotiabank restated an “outperform” rating on shares of Cameco in a research report on Wednesday, October 29th. BMO Capital Markets restated an “outperform” rating on shares of Cameco in a research note on Friday, August 29th. CLSA assumed coverage on Cameco in a report on Tuesday, September 9th. They issued an “outperform” rating and a $102.00 price target for the company. TD Securities reissued a “buy” rating on shares of Cameco in a report on Tuesday, August 5th. Finally, President Capital upgraded Cameco from a “neutral” rating to a “buy” rating in a research report on Monday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $102.61.

Cameco Stock Performance

Shares of NYSE CCJ opened at $92.30 on Friday. Cameco has a 12 month low of $35.00 and a 12 month high of $110.15. The company has a market cap of $40.19 billion, a P/E ratio of 106.09 and a beta of 0.98. The business’s 50 day moving average is $86.73 and its two-hundred day moving average is $73.41. The company has a quick ratio of 2.00, a current ratio of 2.96 and a debt-to-equity ratio of 0.15.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.17). Cameco had a return on equity of 8.21% and a net margin of 14.97%.The company had revenue of $313.74 million during the quarter, compared to analyst estimates of $531.72 million. During the same quarter in the previous year, the business posted ($0.01) EPS. The company’s revenue was down 14.7% on a year-over-year basis. Cameco has set its FY 2025 guidance at EPS. On average, equities analysts expect that Cameco will post 1.27 EPS for the current year.

Cameco Increases Dividend

The business also recently announced an annual dividend, which will be paid on Tuesday, December 16th. Investors of record on Monday, December 1st will be given a dividend of $0.24 per share. This is a boost from Cameco’s previous annual dividend of $0.12. The ex-dividend date is Monday, December 1st. This represents a dividend yield of 25.0%. Cameco’s dividend payout ratio is 13.95%.

Institutional Trading of Cameco

A number of large investors have recently bought and sold shares of CCJ. Manchester Capital Management LLC boosted its stake in shares of Cameco by 100.0% in the 1st quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 300 shares in the last quarter. Financial Consulate Inc. bought a new position in Cameco during the 3rd quarter valued at about $25,000. Dagco Inc. acquired a new position in Cameco in the first quarter valued at about $28,000. SVB Wealth LLC bought a new stake in Cameco during the first quarter worth about $29,000. Finally, Trust Co. of Vermont increased its holdings in shares of Cameco by 1,029.4% during the second quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company’s stock worth $29,000 after buying an additional 350 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors.

Cameco Company Profile

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.