Cameco Corporation (NYSE:CCJ) shares traded -0.12% lower at $34.02 on Wall Street last session.
In accordance with the data, 9 analysts cover Cameco Corporation (NYSE:CCJ). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $41.22 and a low of $36.72, we find $38.79. Given the previous closing price of $34.06, this indicates a potential upside of 13.89 percent. CCJ stock price is now 5.85% away from the 50-day moving average and 24.89% away from the 200-day moving average. The market capitalization of the company currently stands at $14.47B.
It has been rated a hold by 1 analysts and a buy by 7. Brokers who have rated the stock have averaged $38.64 as their price target over the next twelve months.
A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CCJ stock. A new stake in Cameco Corporation shares was purchased by DUQUESNE FAMILY OFFICE LLC during the first quarter worth $29,589,000. HORIZON KINETICS ASSET MANAGEMENT LLC invested $24,777,000 in shares of CCJ during the first quarter. In the first quarter, OXBOW CAPITAL MANAGEMENT (HK) LTD acquired a new stake in Cameco Corporation valued at approximately $24,494,000. SCOUT INVESTMENTS, INC. acquired a new stake in CCJ for approximately $18,184,000. KINGDON CAPITAL MANAGEMENT, L.L.C. purchased a new stake in CCJ valued at around $17,350,000 in the second quarter. In total, there are 768 active investors with 70.10% ownership of the company’s stock.
Cameco Corporation (NYSE: CCJ) opened at $34.34 on Thursday. During the past 12 months, Cameco Corporation has had a low of $21.02 and a high of $35.24. As of last week, the company has a debt-to-equity ratio of 0.17, a current ratio of 3.60, and a quick ratio of 3.00. The fifty day moving average price for CCJ is $32.21 and a two-hundred day moving average price translates $27.29 for the stock.
The latest earnings results from Cameco Corporation (NYSE: CCJ) was released for Jun, 2023. The net profit margin was 4.70% and return on equity was 1.70% for CCJ. The company reported revenue of $358.5 million for the quarter, compared to $436.64 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -17.9 percent.
In terms of dividend payout ratio, CCJ is presently at 72.90%.
