Royal Bank Of Canada Has Lowered Expectations for Cameco (NYSE:CCJ) Stock Price

Key Points

• Royal Bank of Canada lowered its price target on Cameco from $160 to $150 but kept an "outperform" rating, with the $150 target implying roughly a 71.7% upside from the prior close.
• Cameco missed Q results and guidance—reported $0.05 EPS vs $0.22 expected and revenue of $313.7M vs $531.7M expected—sending the stock down about 5.6% to $87.35.
• MarketBeat data shows a consensus "Moderate Buy" rating with an average price target of $113.75, and institutional investors own about 70% of the shares.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO had its price objective lowered by stock analysts at Royal Bank Of Canada from $160.00 to $150.00 in a report issued on Thursday,Benzinga reports. The firm currently has an "outperform" rating on the basic materials company's stock. Royal Bank Of Canada's target price indicates a potential upside of 71.73% from the stock's previous close.

CCJ has been the subject of several other research reports. The Goldman Sachs Group boosted their target price on shares of Cameco from $95.00 to $109.00 and gave the company a "buy" rating in a research note on Wednesday, October 29th. Wall Street Zen downgraded Cameco from a "buy" rating to a "hold" rating in a report on Saturday, November 8th. UBS Group assumed coverage on Cameco in a research note on Monday. They issued a "neutral" rating and a $140.00 target price for the company. TD Securities reissued a "buy" rating on shares of Cameco in a research note on Tuesday, August 5th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Cameco in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $113.75.

Cameco Trading Down 5.6%

Shares of CCJ stock traded down $5.22 during trading hours on Thursday, hitting $87.35. The company had a trading volume of 2,223,762 shares, compared to its average volume of 4,874,685. Cameco has a fifty-two week low of $35.00 and a fifty-two week high of $110.15. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.96 and a quick ratio of 2.00. The company's fifty day moving average is $87.72 and its 200 day moving average is $74.46. The stock has a market capitalization of $38.03 billion, a PE ratio of 100.64 and a beta of 0.98.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its earnings results on Wednesday, November 5th. The basic materials company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.17). The business had revenue of $313.74 million during the quarter, compared to analysts' expectations of $531.72 million. Cameco had a net margin of 14.97% and a return on equity of 8.21%. The business's quarterly revenue was down 14.7% compared to the same quarter last year. During the same period last year, the company earned ($0.01) EPS. Cameco has set its FY 2025 guidance at EPS. Research analysts expect that Cameco will post 1.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Financial Consulate Inc. acquired a new stake in shares of Cameco in the third quarter worth $25,000. Armstrong Advisory Group Inc. increased its holdings in shares of Cameco by 110.3% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 347 shares of the basic materials company's stock valued at $29,000 after purchasing an additional 182 shares during the period. Trust Co. of Vermont lifted its position in Cameco by 1,029.4% in the 2nd quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company's stock worth $29,000 after buying an additional 350 shares in the last quarter. Hilltop National Bank purchased a new stake in shares of Cameco during the second quarter worth $30,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in Cameco during the third quarter valued at $37,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Company Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. 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.

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