Cameco (NYSE:CCJ) announced a quarterly dividend on Friday, December 6th, American Banking News reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.094 per share on Wednesday, January 15th. This represents a $0.38 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Friday, December 27th.
On a related note, analysts at Bank of America Corp. downgraded shares of Cameco from a “buy” rating to a “neutral” rating in a research note to investors on Friday, September 27th. They now have a $22.00 price target on the stock, down previously from $25.00.
Cameco (NYSE:CCJ) opened at 20.43 on Monday. Cameco has a 52-week low of $17.27 and a 52-week high of $22.87. The stock’s 50-day moving average is $19.30 and its 200-day moving average is $19.92. The company has a market cap of $8.079 billion and a price-to-earnings ratio of 26.03.
Cameco (NYSE:CCJ) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.17 by $0.36. The company had revenue of $597.00 million for the quarter, compared to the consensus estimate of $596.98 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue was up 101.7% on a year-over-year basis. On average, analysts predict that Cameco will post $1.22 earnings per share for the current fiscal year.
Cameco Corporation (NYSE:CCJ) is engaged in the exploration for and the development, mining, refining, conversion and fabrication of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries.
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