According to Bloomberg Ratings, out of the ten rating agencies that are currently covering Cameco Co. (NYSE: CCJ) (TSE: CCO), the stock has been given an average rating of “Moderate Buy.” This rating was arrived at by considering the ratings those rating agencies offered to the company. As a result, analysts have given this stock five buy recommendations, four sell recommendations, and one neutral recommendation. In addition, the average price target established for the stock by market analysts who have rated the company in the preceding year and have set price targets for it is currently set at $43.00 for the period of the next 12 months.
The CCJ has been in touch with several different research organizations. In a report distributed on Tuesday, October 18th, Scotiabank indicated that the price target it had established for Cameco shares had decreased from $44.00 to $42.00. In a research note published by StockNews.com on October 28th, the rating for Cameco was revised from “hold” to “sell.” Finally, Canaccord Genuity Group increased their price target for Cameco in a research report published on Wednesday, October 26th. The new price target is $45.00, up from the previous price target of $43.00.
Additionally, the firm recommended “buying” the company’s stock to its clients. TD Securities increased its target price on Cameco shares from $40.00 (Canadian) to $41.00 (Canadian), as stated in a report made public on Friday, October 28th. The final and most significant adjustment was made here.
When it first opened for trading on Friday, the price of a share of CCJ stock was $22.67. The stock price has a simple moving average of $24.30 over the past 200 days, while over the past 50 days, that figure has been $23.17. The company’s market value of $9.80 billion can be attributed, in part, to the fact that it has a price-to-earnings ratio of 103.05, a price-to-earnings-to-growth ratio of 1.82, and a beta value of 0.87. In addition, Cameco reached its 52-week high of $32.49, while the stock reached its 52-week low of $18.03 during the same period. The debt-to-equity ratio comes in at 0.20, the quick ratio comes in at 4.03, the current ratio comes in at 5.11, and the quick ratio comes in at 4.03.
On Thursday, October 27th, Cameco (NYSE: CCJ) (TSE: CCO) disclosed its most recent quarterly earnings, making them accessible to the general public. Earnings per share (EPS) for the quarter came in at $0.02 for the basic materials company, which was $0.06 higher than the industry analysts’ consensus estimate of a loss of $0.04 per share. The company brought in a total of 297.96 million dollars in revenue during the period in question. The return on equity for Cameco came in at 2.50 percent, and the net margin for the company was 6.43 percent. It is anticipated that Cameco will generate earnings of $0.27 per share for the current fiscal year.
Recently, hedge funds have been very active, engaging in both the purchase and sale of shares of the companies in which they invest. Principal Financial Group Inc. spent approximately 302,000 dollars on acquiring a new holding in Cameco during the first quarter of the fiscal year. In the first three months of this year, Mirae Asset Global Investments Co. Ltd. increased the amount of Cameco stock owned by 37.4%, bringing its total ownership percentage to 100%. After making additional purchases totaling 4,644,453 shares over the most recent fiscal quarter, Mirae Asset Global Investments Co. Ltd. now has 17,068,688 shares of the stock of the basic materials business in its possession. The value of the company’s stock on the market as of right now is $497.555 million. During the first three months of 2018, Raymond James & Associates increased the total number of shares of Cameco held by 13 percent. Raymond James & Associates now owns a total of 325,777 shares of the basic materials company’s stock, with a value of $9,480,000. This is a result of the company acquiring an additional 37,603 shares during the quarter. Raymond James Financial Services Advisors Inc. increased the amount of Cameco stock owned by 1.4% over the first three months of 2018. Raymond James Financial Services Advisors Inc. now has a total of 170,229 shares of the basic materials company’s stock after purchasing an additional 2,293 shares during the most recent quarter. This brings the company’s total number of shares owned to 170.293. These shares have a value of $4,954,000 collectively.
Last but not least, during the first three months of this year, the Bank of New York Mellon Corporation increased the amount of Cameco stock owned by a percentage equal to 2.2%. As a result, the Bank of New York Mellon Corp. now has a total of 454,418 stock in the basic materials business after purchasing an additional 9,757 shares during the preceding quarter to bring its total number of shares to 454,757. These shares have a value of $13,223,000 collectively. In addition, 53.82 percent of the company’s stock is held by institutional investors and hedge funds as their investment holdings.
The Cameco Corporation purchases and sells uranium in addition to its production of the element. Uranium and Fuel Services are the two separate business divisions it operates under to conduct its daily operations. Exploration, mining, and milling of uranium concentrate are all part of the business, as are the buying and selling of uranium concentrate and the transaction of uranium concentrate itself. In addition to uranium concentrate refining, conversion, and fabrication, the Fuel Services business unit also buys and sells conversion services. In addition, fuel Services also convert uranium concentrate.
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