Cameco (NYSE:CCJ) Price Target Lowered to C$45.00 at Royal Bank of Canada

Cameco (NYSE:CCJGet Rating) (TSE:CCO) had its price objective cut by Royal Bank of Canada from C$50.00 to C$45.00 in a research report report published on Friday morning, The Fly reports.

Several other analysts also recently commented on the stock. StockNews.com initiated coverage on shares of Cameco in a research report on Thursday, March 31st. They issued a sell rating for the company. Scotiabank boosted their target price on shares of Cameco from C$40.00 to C$47.00 in a research report on Wednesday, April 13th. CIBC began coverage on shares of Cameco in a report on Wednesday, January 19th. They set an outperform rating for the company. Canaccord Genuity Group upped their price objective on shares of Cameco from $34.00 to $37.00 and gave the stock a buy rating in a report on Thursday, February 10th. Finally, Canaccord Genuity Group upped their price objective on shares of Cameco from C$37.00 to C$44.00 and gave the stock a buy rating in a report on Friday, April 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Cameco has a consensus rating of Buy and a consensus target price of $41.40.

Shares of CCJ stock traded down $0.64 during trading hours on Friday, reaching $23.84. 10,719,087 shares of the stock traded hands, compared to its average volume of 7,700,544. Cameco has a 1-year low of $15.34 and a 1-year high of $32.49. The business has a fifty day moving average price of $27.62 and a 200 day moving average price of $24.66. The company has a quick ratio of 4.19, a current ratio of 5.18 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $9.50 billion, a PE ratio of -216.71 and a beta of 0.88.

Cameco (NYSE:CCJGet Rating) (TSE:CCO) last posted its earnings results on Wednesday, February 9th. The basic materials company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.07. The company had revenue of $368.91 million during the quarter. Cameco had a negative net margin of 7.01% and a negative return on equity of 2.00%. During the same period in the prior year, the firm earned $0.09 earnings per share. Research analysts expect that Cameco will post 0.05 earnings per share for the current fiscal year.

The business also recently declared an annual dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be given a $0.094 dividend. This represents a yield of 0.41%. This is a positive change from Cameco’s previous annual dividend of $0.06. The ex-dividend date is Tuesday, November 29th. Cameco’s dividend payout ratio (DPR) is currently -54.54%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. AdvisorNet Financial Inc acquired a new stake in Cameco in the 1st quarter worth $29,000. Bank of New Hampshire acquired a new stake in Cameco in the 1st quarter worth $34,000. JFS Wealth Advisors LLC grew its position in Cameco by 92.9% in the 1st quarter. JFS Wealth Advisors LLC now owns 1,686 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 812 shares during the last quarter. Sandy Cove Advisors LLC acquired a new stake in Cameco in the 4th quarter worth $38,000. Finally, First Horizon Advisors Inc. acquired a new stake in Cameco in the 3rd quarter worth $44,000. Institutional investors own 57.95% of the company’s stock.

About Cameco (Get Rating)

Cameco Corporation produces and sells uranium. It operates through two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as 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.

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