Cameco Corporation (CCJ) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) from a sell rating to a hold rating in a research report sent to investors on Thursday.

According to Zacks, “Cameco Corporation is one of the world’s largest uranium producers, a significant supplier of conversion services and one of two CANDU fuel manufacturers in Canada. Their competitive position is based on their controlling ownership of the world’s largest high-grade reserves and low-cost operations. Their uranium products are used to generate clean electricity in nuclear power plants around the world. They also explore for uranium in the Americas, Australia and Asia. Their shares trade on the Toronto and New York stock exchanges. Their head office is in Saskatoon, Saskatchewan. “

Separately, Credit Suisse Group reissued a neutral rating on shares of Cameco Corporation in a research note on Tuesday, April 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $14.67.

Analyst Recommendations for Cameco Corporation (NYSE:CCJ)

Cameco Corporation (NYSE CCJ) opened at 9.28 on Thursday. The stock’s market capitalization is $3.67 billion. Cameco Corporation has a 12-month low of $7.41 and a 12-month high of $13.36. The firm has a 50-day moving average of $9.56 and a 200-day moving average of $10.71.

Cameco Corporation (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Friday, April 28th. The basic materials company reported ($0.05) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.05). The firm had revenue of $393 million for the quarter, compared to analysts’ expectations of $351.40 million. Cameco Corporation had a positive return on equity of 2.26% and a negative net margin of 6.47%. Cameco Corporation’s revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.02) EPS. Equities research analysts forecast that Cameco Corporation will post $0.29 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This news story was reported by Ticker Report and is the property of of Ticker Report. If you are accessing this news story on another domain, it was stolen and republished in violation of international copyright and trademark laws. The original version of this news story can be read at https://www.tickerreport.com/banking-finance/2654560/cameco-corporation-ccj-upgraded-at-zacks-investment-research.html.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be given a dividend of $0.0741 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $0.30 dividend on an annualized basis and a yield of 3.19%. Cameco Corporation’s payout ratio is presently -100.00%.

A number of large investors have recently made changes to their positions in the company. DORCHESTER WEALTH MANAGEMENT Co acquired a new stake in shares of Cameco Corporation during the first quarter worth approximately $113,000. Bank of The West acquired a new stake in shares of Cameco Corporation during the first quarter worth approximately $116,000. Janney Montgomery Scott LLC acquired a new stake in shares of Cameco Corporation during the first quarter worth approximately $116,000. Brookstone Capital Management acquired a new stake in shares of Cameco Corporation during the first quarter worth approximately $116,000. Finally, Usca Ria LLC acquired a new stake in shares of Cameco Corporation during the first quarter worth approximately $124,000. Hedge funds and other institutional investors own 56.88% of the company’s stock.

Cameco Corporation Company Profile

Cameco Corporation (Cameco) is a uranium producer. The Company is primarily engaged in the exploration for and the development, mining, refining, conversion, fabrication and trading of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. The Company operates through three segments: uranium, fuel services and NUKEM.

Get a free copy of the Zacks research report on Cameco Corporation (CCJ)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Cameco Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cameco Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
President Trump Hurting Tourism in the U.S.
President Trump Hurting Tourism in the U.S.
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Blue Apron Filed Thursday for Public Offering
Blue Apron Filed Thursday for Public Offering
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Large Auto Lender Checked Just 8% of Incomes for Applicants
Large Auto Lender Checked Just 8% of Incomes for Applicants


Leave a Reply

© 2006-2017 Ticker Report. Google+.