Today, Cameco Corp. (CCJ) Earns “Hold” Rating from TD Securities

Today, Cameco Corp. (CCJ) Earns “Hold” Rating from TD Securities

TD Securities reiterated their hold rating on shares of Cameco Corp. (NYSE:CCJ) (TSE:CCO) in a research note released on Thursday morning. TD Securities currently has a $12.00 price objective on the stock.

CCJ has been the subject of several other reports. Zacks Investment Research cut shares of Cameco Corp. from a hold rating to a strong sell rating in a report on Tuesday, October 11th. Scotiabank restated a sector perform rating and set a $13.50 price target on shares of Cameco Corp. in a report on Thursday, September 22nd. RBC Capital Markets restated an outperform rating and set a $14.00 price target on shares of Cameco Corp. in a report on Tuesday, November 1st. BMO Capital Markets restated an outperform rating and set a $17.00 price target (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 investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $14.96.

Shares of Cameco Corp. (NYSE:CCJ) opened at 9.31 on Thursday. Cameco Corp. has a 12-month low of $7.41 and a 12-month high of $13.59. The company’s 50-day moving average is $8.39 and its 200-day moving average is $9.70. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 70.00 and a beta of 1.42.

Cameco Corp. (NYSE:CCJ) last announced its earnings results on Wednesday, November 2nd. The company reported $0.30 EPS 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 earned $670 million during the quarter, compared to analysts’ expectations of $494.13 million. During the same period last year, the company posted $0.20 earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, equities analysts forecast that Cameco Corp. will post $0.57 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the stock. 1832 Asset Management L.P. raised 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. Rathbone Brothers plc raised 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 worth $108,000 after buying an additional 1,520 shares in the last quarter. Evanson Asset Management LLC raised 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. Kornitzer Capital Management Inc. KS purchased a new position in Cameco Corp. during the second quarter worth approximately $110,000. Finally, IFP Advisors Inc raised 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. 54.09% of the stock is currently owned by institutional investors.

Cameco Corp. Company Profile

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