Trade Report: Today, Cameco Corp. (CCJ) Earns Sector Perform Rating from Scotiabank

Today, Cameco Corp. (CCJ) Earns Sector Perform Rating from Scotiabank

Cameco Corp. (NYSE:CCJ) (TSE:CCO)‘s stock had its “sector perform” rating reiterated by analysts at Scotiabank in a research report issued on Saturday. They presently have a $12.50 target price on the stock. Scotiabank’s price target would indicate a potential upside of 34.99% from the stock’s current price.

Several other research firms have also commented on CCJ. BMO Capital Markets reiterated an “outperform” rating and issued a $17.00 price target (down from $20.00) on shares of Cameco Corp. in a research report on Sunday, July 31st. Paradigm Capital reiterated a “buy” rating and issued a $19.50 price target (down from $25.50) on shares of Cameco Corp. in a research report on Thursday, August 4th. TheStreet lowered shares of Cameco Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 3rd. Royal Bank Of Canada lowered their price target on shares of Cameco Corp. from $17.00 to $15.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 10th. Finally, Dundee Securities reiterated a “buy” rating and issued a $17.50 price target on shares of Cameco Corp. in a research report on Wednesday, August 10th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $14.96.

Shares of Cameco Corp. (NYSE:CCJ) opened at 9.26 on Friday. Cameco Corp. has a 12-month low of $7.41 and a 12-month high of $13.59. The company has a 50-day moving average of $8.35 and a 200 day moving average of $9.75. The firm has a market cap of $3.67 billion, a P/E ratio of 69.10 and a beta of 1.42.

Cameco Corp. (NYSE:CCJ) last issued its earnings results on Wednesday, November 2nd. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.08. Cameco Corp. had a net margin of 2.73% and a return on equity of 3.70%. The company had revenue of $670 million for the quarter, compared to analyst estimates of $494.13 million. During the same period in the prior year, the business posted $0.20 earnings per share. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. Equities research analysts anticipate that Cameco Corp. will post $0.57 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of CCJ. 1832 Asset Management L.P. increased its position in Cameco Corp. by 1.1% in the third quarter. 1832 Asset Management L.P. now owns 11,885 shares of the company’s stock worth $102,000 after buying an additional 130 shares in the last quarter. Quantbot Technologies LP increased its position in Cameco Corp. by 1.3% in the second quarter. Quantbot Technologies LP now owns 52,212 shares of the company’s stock worth $572,000 after buying an additional 645 shares in the last quarter. IFP Advisors Inc increased its position in Cameco Corp. by 7.2% in the second quarter. IFP Advisors Inc now owns 10,073 shares of the company’s stock worth $111,000 after buying an additional 678 shares in the last quarter. Evanson Asset Management LLC increased its position in Cameco Corp. by 5.8% in the third quarter. Evanson Asset Management LLC now owns 12,700 shares of the company’s stock worth $109,000 after buying an additional 700 shares in the last quarter. Finally, Formula Growth Ltd. increased its position in Cameco Corp. by 0.3% in the third quarter. Formula Growth Ltd. now owns 318,000 shares of the company’s stock worth $2,722,000 after buying an additional 1,000 shares in the last quarter. 56.98% of the stock is currently owned by institutional investors.

Cameco Corp. Company Profile

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