Cameco - CCJ Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cameco in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CCJ shares.
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5 brokers have issued 1 year price targets for Cameco's stock. Their CCJ share price forecasts range from $37.00 to $47.00. On average, they anticipate the company's share price to reach $43.00 in the next year. This suggests a possible upside of 96.6% from the stock's current price.
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Cameco's stock was trading at $21.81 at the beginning of the year. Since then, CCJ shares have increased by 0.3% and is now trading at $21.87.
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Cameco saw a decrease in short interest in October. As of October 31st, there was short interest totaling 15,420,000 shares, a decrease of 8.7% from the October 15th total of 16,890,000 shares. Based on an average trading volume of 7,530,000 shares, the short-interest ratio is currently 2.0 days. Approximately 3.9% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
View our CCJ earnings forecast.

Cameco Co. (NYSE:CCJ) issued its quarterly earnings data on Thursday, October, 28th. The basic materials company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.04) by $0.10. The basic materials company earned $361 million during the quarter, compared to analyst estimates of $422.49 million. Cameco had a net margin of 6.43% and a trailing twelve-month return on equity of 2.50%. The company's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter last year, the business earned ($0.15) earnings per share.

Cameco announced an annual dividend on Wednesday, February 9th. Investors of record on Wednesday, November 30th will be given a dividend of $0.094 per share on Thursday, December 15th. This represents a yield of 0.41%. The ex-dividend date of this dividend is Tuesday, November 29th. This is an increase from the stock's previous annual dividend of $0.06.
Read our dividend analysis for CCJ.

Cameco (NYSE:CCJ) pays an annual dividend of $0.09 per share and currently has a dividend yield of 0.37%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 40.91%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CCJ will have a dividend payout ratio of 8.82% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CCJ.

Cameco issued an update on its FY 2022 earnings guidance on Thursday, November, 3rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.33 billion-$1.44 billion, compared to the consensus revenue estimate of $1.36 billion.

37 employees have rated Cameco Chief Executive Officer Tim Gitzel on Glassdoor.com. Tim Gitzel has an approval rating of 65% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Cameco investors own include Cameco (CCO), Freeport-McMoRan (FCX), General Electric (GE), Intel (INTC), Energy Transfer (ET), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Ford Motor (F), Gilead Sciences (GILD) and Barrick Gold (GOLD).

Cameco trades on the New York Stock Exchange (NYSE) under the ticker symbol "CCJ."

Cameco's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (3.11%), Price T Rowe Associates Inc. MD (2.73%), Keybank National Association OH (1.62%), Exor Capital LLP (1.53%), Alliancebernstein L.P. (1.51%) and Pendal Group Ltd (0.90%).

Shares of CCJ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CCJ stock can currently be purchased for approximately $21.87.

Cameco (NYSE:CCJ) has a market capitalization of $9.46 billion and generates $1.18 billion in revenue each year. The basic materials company earns $-81,850,000.00 in net income (profit) each year or $0.22 on an earnings per share basis.

The company employs 1,931 workers across the globe.

Cameco's mailing address is 2121 11TH ST W, SASKATOON A9, S7M 1J3. The official website for the company is www.cameco.com. The basic materials company can be reached via phone at (306) 956-6200 or via fax at 306-956-6201.