The price of Cameco Corp. (NYSE:CCJ) shares last traded on Wall Street fell -3.67% to $39.64.
Based on available information, 10 analysts follow Cameco Corp. (NYSE:CCJ). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $51.86 and a low of $38.97, we find $44.47. Given the previous closing price of $41.15, this indicates a potential upside of 8.07 percent. CCJ stock price is now 9.23% away from the 50-day moving average and 34.80% away from the 200-day moving average. The market capitalization of the company currently stands at $17.18B.
Among analysts, 2 rate the stock a hold while 7 rate it a buy. Brokers who have rated the stock have averaged $44.74 as their price target over the next twelve months.
A total of 0.48% 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 Corp. shares was purchased by DUQUESNE FAMILY OFFICE LLC during the first quarter worth $34,476,000. HORIZON KINETICS ASSET MANAGEMENT LLC invested $28,870,000 in shares of CCJ during the first quarter. In the first quarter, OXBOW CAPITAL MANAGEMENT (HK) LTD acquired a new stake in Cameco Corp. valued at approximately $28,541,000. SCOUT INVESTMENTS, INC. acquired a new stake in CCJ for approximately $21,188,000. KINGDON CAPITAL MANAGEMENT, L.L.C. purchased a new stake in CCJ valued at around $20,216,000 in the second quarter. In total, there are 768 active investors with 77.77% ownership of the company’s stock.
A candlestick chart of Cameco Corp. (NYSE: CCJ) showed a price of $41.10 on Friday morning. During the past 12 months, Cameco Corp. has had a low of $21.02 and a high of $42.17. As of last week, the company has a debt-to-equity ratio of 0.17, a current ratio of 3.64, and a quick ratio of 3.00. The fifty day moving average price for CCJ is $36.42 and a two-hundred day moving average price translates $29.49 for the stock.
The latest earnings results from Cameco Corp. (NYSE: CCJ) was released for Jun, 2023. According to the Uranium Company, earnings per share came in at -$0.01, missing analysts’ expectations of $0.09 by -0.1. This compares to $0.16 EPS in the same period last year. The net profit margin was 4.63% and return on equity was 1.72% 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. For the current quarter, analysts expect CCJ to generate $523.17M in revenue.
In terms of dividend payout ratio, CCJ is presently at 54.45%.
Cameco Corp.(CCJ) Company Profile
Cameco Corporation provides uranium for the generation of electricity. It operates through two segments, Uranium and Fuel Services. 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. This segment also produces fuel bundles and assemblies, and zirconium-based reactor components for CANDU reactors. The company offers nuclear fuel processing services. It sells its uranium and fuel services to nuclear utilities in the Americas, Europe, and Asia. Cameco Corporation was incorporated in 1987 and is headquartered in Saskatoon, Canada.
