Cameco Corporation (NYSE:CCJ) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) have been given an average rating of “Moderate Buy” by the sixteen research firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $113.7529.

CCJ has been the subject of several research reports. TD Securities reiterated a “buy” rating on shares of Cameco in a research report on Tuesday, August 5th. Royal Bank Of Canada reduced their target price on shares of Cameco from $160.00 to $150.00 and set an “outperform” rating for the company in a report on Thursday, November 13th. President Capital raised Cameco from a “neutral” rating to a “buy” rating in a report on Monday, September 22nd. National Bankshares reaffirmed an “outperform” rating on shares of Cameco in a research note on Thursday, November 6th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Cameco in a research note on Tuesday.

Cameco Stock Down 0.1%

Shares of NYSE CCJ opened at $88.74 on Friday. The stock has a market cap of $38.64 billion, a PE ratio of 102.00 and a beta of 0.98. The company has a quick ratio of 2.00, a current ratio of 2.96 and a debt-to-equity ratio of 0.15. Cameco has a 52-week low of $35.00 and a 52-week high of $110.15. The business has a 50-day moving average price of $88.92 and a 200 day moving average price of $77.58.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.17). The firm had revenue of $313.74 million for the quarter, compared to analyst estimates of $531.72 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%.The company’s quarterly revenue was down 14.7% on a year-over-year basis. During the same period last year, the firm earned ($0.01) EPS. Cameco has set its FY 2025 guidance at EPS. Equities research analysts forecast that Cameco will post 1.27 earnings per share for the current year.

Cameco Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Tuesday, December 16th. Investors of record on Monday, December 1st will be given a $0.24 dividend. This is a positive change from Cameco’s previous annual dividend of $0.12. The ex-dividend date is Monday, December 1st. This represents a yield of 25.0%. Cameco’s payout ratio is 19.77%.

Institutional Trading of Cameco

Several hedge funds and other institutional investors have recently made changes to their positions in the company. MetLife Investment Management LLC acquired a new stake in Cameco in the first quarter valued at $2,131,000. TD Asset Management Inc grew its stake in shares of Cameco by 3.7% during the 2nd quarter. TD Asset Management Inc now owns 2,133,725 shares of the basic materials company’s stock worth $158,141,000 after purchasing an additional 77,081 shares during the period. Nwam LLC increased its holdings in shares of Cameco by 11.7% in the 2nd quarter. Nwam LLC now owns 81,129 shares of the basic materials company’s stock valued at $6,304,000 after purchasing an additional 8,519 shares in the last quarter. Northwest & Ethical Investments L.P. lifted its stake in shares of Cameco by 50.0% in the first quarter. Northwest & Ethical Investments L.P. now owns 42,487 shares of the basic materials company’s stock valued at $1,750,000 after purchasing an additional 14,154 shares during the period. Finally, Edmond DE Rothschild Holding S.A. boosted its holdings in Cameco by 74.7% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 48,992 shares of the basic materials company’s stock worth $2,017,000 after buying an additional 20,947 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

About Cameco

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.