Cameco Corporation produces and sells uranium. It operates through two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as 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 or reactor components for CANDU reactors. The company 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.
Cameco Stock Up 0.5 %
NYSE:CCJ traded up $0.12 on Friday, hitting $25.46. 3,285,671 shares of the company's stock traded hands, compared to its average volume of 4,837,019. The company has a market cap of $10.14 billion, a PE ratio of 212.18 and a beta of 1.00. The firm has a 50-day moving average price of $23.33 and a 200-day moving average price of $24.38. Cameco has a 1 year low of $15.34 and a 1 year high of $32.49. The company has a current ratio of 6.02, a quick ratio of 4.84 and a debt-to-equity ratio of 0.20.
Cameco (NYSE:CCJ - Get Rating) (TSE:CCO) last announced its quarterly earnings results on Wednesday, July 27th. The basic materials company reported $0.14 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.16. The business had revenue of $437.25 million during the quarter. Cameco had a return on equity of 1.17% and a net margin of 3.48%. Equities analysts anticipate that Cameco will post 0.2 EPS for the current fiscal year.
Analyst Ratings Changes
Several analysts have issued reports on CCJ shares. Canaccord Genuity Group cut their price objective on Cameco from C$44.00 to C$43.00 in a report on Friday, May 6th. Scotiabank boosted their price objective on Cameco from C$43.00 to C$44.00 in a report on Tuesday, August 2nd. Raymond James boosted their price objective on Cameco from C$40.00 to C$47.00 in a report on Wednesday, April 20th. StockNews.com upgraded Cameco from a "sell" rating to a "hold" rating in a report on Thursday, May 12th. Finally, Royal Bank of Canada cut their price objective on Cameco from C$50.00 to C$45.00 in a report on Friday, May 6th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $41.89.