Cameco Corporation (NYSE:CCJ) traded down 0.46% on Thursday, hitting $10.84. The company had a trading volume of 3,807,401 shares. The stock has a market cap of $4.29 billion, a P/E ratio of 78.55 and a beta of 1.37. The firm’s 50 day moving average price is $11.48 and its 200 day moving average price is $9.65. Cameco Corporation has a 12-month low of $7.41 and a 12-month high of $13.59.
Cameco Corporation (NYSE:CCJ) (TSE:CCO) announced its quarterly earnings data on Thursday. The company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.05. The business earned $887 million during the quarter, compared to the consensus estimate of $622.36 million. Cameco Corporation had a return on equity of 3.70% and a net margin of 2.73%. The business’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.38 earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 13th. Investors of record on Friday, March 31st will be paid a $0.0768 dividend. This is a boost from Cameco Corporation’s previous quarterly dividend of $0.07. The ex-dividend date is Wednesday, March 29th. This represents a $0.31 annualized dividend and a dividend yield of 2.83%. Cameco Corporation’s payout ratio is 214.29%.
A number of research analysts recently weighed in on the company. Zacks Investment Research cut Cameco Corporation from a “buy” rating to a “hold” rating in a report on Thursday, February 2nd. RBC Capital Markets cut Cameco Corporation from an “outperform” rating to a “sector perform” rating in a report on Thursday, February 2nd. Royal Bank Of Canada cut Cameco Corporation from an “outperform” rating to a “sector perform” rating in a report on Thursday, February 2nd. BMO Capital Markets cut Cameco Corporation to a “hold” rating in a report on Wednesday, January 18th. Finally, TD Securities upgraded Cameco Corporation to a “buy” rating in a report on Thursday, January 12th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Cameco Corporation has an average rating of “Hold” and an average price target of $15.63.
Cameco Corporation Company Profile
Cameco Corp (Cameco) is a Canada-based uranium producer. The Company is 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.