Analysts Set Cameco Corporation (NYSE:CCJ) PT at $113.75

Cameco Corporation (NYSE:CCJ) (TSE:CCO) has earned a consensus rating of “Moderate Buy” from the sixteen analysts that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $113.7529.

CCJ has been the subject of a number of recent analyst reports. Raymond James Financial increased their price objective on Cameco to $150.00 in a report on Wednesday, October 29th. The Goldman Sachs Group boosted their price target on Cameco from $95.00 to $109.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. President Capital raised Cameco from a “neutral” rating to a “buy” rating in a report on Monday, September 22nd. TD Securities reaffirmed a “buy” rating on shares of Cameco in a report on Tuesday, August 5th. Finally, Scotiabank reiterated an “outperform” rating on shares of Cameco in a research report on Wednesday, October 29th.

Hedge Funds Weigh In On Cameco

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Cameco by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 17,801,142 shares of the basic materials company’s stock worth $1,493,978,000 after buying an additional 235,613 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Cameco by 39.3% during the first quarter. Alliancebernstein L.P. now owns 14,048,244 shares of the basic materials company’s stock worth $578,226,000 after acquiring an additional 3,959,837 shares during the period. Capital World Investors raised its position in Cameco by 0.8% in the third quarter. Capital World Investors now owns 13,503,924 shares of the basic materials company’s stock worth $1,133,147,000 after acquiring an additional 106,872 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Cameco by 0.7% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,973,799 shares of the basic materials company’s stock valued at $1,089,080,000 after acquiring an additional 85,762 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in Cameco by 41.4% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,076,815 shares of the basic materials company’s stock valued at $524,988,000 after acquiring an additional 2,071,373 shares during the last quarter. 70.21% of the stock is owned by institutional investors.

Cameco Stock Up 4.8%

CCJ stock opened at $87.36 on Friday. The stock has a market cap of $38.04 billion, a PE ratio of 100.41 and a beta of 0.98. The firm’s 50-day simple moving average is $88.61 and its 200 day simple moving average is $76.97. Cameco has a fifty-two week low of $35.00 and a fifty-two week high of $110.15. 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 (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Wednesday, November 5th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.17). Cameco had a net margin of 14.97% and a return on equity of 8.21%. The firm had revenue of $313.74 million for the quarter, compared to analyst estimates of $531.72 million. During the same period in the previous year, the firm earned ($0.01) earnings per share. The company’s revenue for the quarter was down 14.7% on a year-over-year basis. Cameco has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Cameco will post 1.27 EPS for the current year.

Cameco Increases Dividend

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

Cameco Company Profile

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.