Trading Report: Today, Scotiabank Reaffirmed “Sector Perform” Rating for Cameco Corp. (CCJ)

Today, Scotiabank Reaffirmed “Sector Perform” Rating for Cameco Corp. (CCJ)

Scotiabank reaffirmed their sector perform rating on shares of Cameco Corp. (NYSE:CCJ) (TSE:CCO) in a research report report published on Saturday. Scotiabank currently has a $12.50 price objective on the stock.

CCJ has been the topic of a number of other reports. TD Securities restated a hold rating and set a $12.00 target price (down from $12.50) on shares of Cameco Corp. in a report on Thursday, November 3rd. Dundee Securities restated a buy rating and set a $17.50 target price on shares of Cameco Corp. in a report on Wednesday, August 10th. Zacks Investment Research downgraded shares of Cameco Corp. from a hold rating to a sell rating in a report on Thursday. BMO Capital Markets restated an outperform rating and set a $17.00 target price (down from $20.00) on shares of Cameco Corp. in a report on Sunday, July 31st. Finally, TheStreet upgraded shares of Cameco Corp. from a sell rating to a hold rating in a report on Monday, November 14th. Two research 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’s stock. The stock currently has an average rating of Hold and a consensus target price of $14.96.

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

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 Zacks’ consensus estimate of $0.22 by $0.08. The business had revenue of $670 million for the quarter, compared to the consensus estimate of $494.13 million. Cameco Corp. had a net margin of 2.73% and a return on equity of 3.70%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.20 earnings per share. Equities research analysts predict that Cameco Corp. will post $0.57 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in 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 valued at $102,000 after buying an additional 130 shares in the last quarter. Rathbone Brothers plc increased its position in Cameco Corp. by 13.6% in the third quarter. Rathbone Brothers plc now owns 12,695 shares of the company’s stock valued at $108,000 after buying an additional 1,520 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 valued at $109,000 after buying an additional 700 shares in the last quarter. Kornitzer Capital Management Inc. KS bought a new position in Cameco Corp. during the second quarter valued at approximately $110,000. Finally, 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 valued at $111,000 after buying an additional 678 shares in the last quarter. Hedge funds and other institutional investors own 56.98% of the company’s stock.

About Cameco Corp.

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