Trading Report: Today, Cameco Corp. (CCJ) Rating Reiterate by Scotiabank

Today, Cameco Corp. (CCJ) Rating Reiterate by Scotiabank

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

A number of other equities analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Cameco Corp. from a “hold” rating to a “sell” rating in a research note on Thursday. TD Securities restated a “hold” rating and issued a $12.00 price objective on shares of Cameco Corp. in a research note on Thursday. RBC Capital Markets restated an “outperform” rating on shares of Cameco Corp. in a research note on Thursday. TheStreet upgraded shares of Cameco Corp. from a “sell” rating to a “hold” rating in a research note on Monday, November 14th. Finally, Dundee Securities restated a “buy” rating and issued a $17.50 price objective on shares of Cameco Corp. in a research note on Wednesday, August 10th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. The stock 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. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 69.10 and a beta of 1.42. Cameco Corp. has a 52 week low of $7.41 and a 52 week high of $13.59. The stock has a 50 day moving average of $8.35 and a 200-day moving average of $9.75.

Cameco Corp. (NYSE:CCJ) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 earned $670 million during the quarter, compared to analysts’ expectations of $494.13 million. During the same quarter in the prior year, the company posted $0.20 EPS. The business’s revenue was up 3.2% on a year-over-year basis. Analysts expect that Cameco Corp. will post $0.57 earnings per share for the current year.

Large investors have recently bought and sold shares of the stock. Jarislowsky Fraser Ltd boosted its stake in Cameco Corp. by 1.7% in the second quarter. Jarislowsky Fraser Ltd now owns 17,180,015 shares of the company’s stock valued at $250,539,000 after buying an additional 293,494 shares during the last quarter. Manning & Napier Advisors LLC boosted its stake in Cameco Corp. by 7.0% in the third quarter. Manning & Napier Advisors LLC now owns 16,144,413 shares of the company’s stock valued at $138,194,000 after buying an additional 1,061,170 shares during the last quarter. Vanguard Group Inc. boosted its stake in Cameco Corp. by 11.1% in the second quarter. Vanguard Group Inc. now owns 8,131,261 shares of the company’s stock valued at $89,200,000 after buying an additional 813,573 shares during the last quarter. Kopernik Global Investors LLC boosted its stake in Cameco Corp. by 7.5% in the third quarter. Kopernik Global Investors LLC now owns 7,788,481 shares of the company’s stock valued at $66,670,000 after buying an additional 543,768 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in Cameco Corp. by 31.4% in the second quarter. AQR Capital Management LLC now owns 7,037,742 shares of the company’s stock valued at $76,897,000 after buying an additional 1,681,056 shares during the last quarter. Hedge funds and other institutional investors own 56.98% of the company’s stock.

Cameco Corp. Company Profile

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