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Vetr Inc. Upgrades Cameco to “Strong-Buy” (CCJ)Cameco (NYSE:CCJ) was upgraded by equities researchers at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday. The firm currently has a
$19.92 price objective on the stock. Vetr‘s price target would suggest a potential upside of 23.34% from the company’s current price.
A number of other analysts have also recently weighed in on CCJ:-
1. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Cameco in a research note on Friday, May 8th.
2. Analysts at Dundee Securities reiterated a “buy” rating and set a $24.00 price target on shares of Cameco in a research note on Thursday, May 7th.
3. Analysts at RBC Capital reiterated an “outperform” rating and set a $26.00 price target (up previously from $25.00) on shares of Cameco in a research note on Thursday, May 7th.
4. Finally, analysts at Cantor Fitzgerald reiterated a “buy” rating and set a $27.25 price target (up previously from $26.15) on shares of Cameco in a research note on Thursday, May 7th.
Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Cameco currently has a consensus rating of “Buy” and an average price target of $23.38.
Cameco (NYSE:CCJ) opened at 16.15 on Tuesday. Cameco has a
52-week low of $13.62 and a 52-week high of $21.67. The stock has a 50-day moving average of $16. and a 200-day moving average of $16.. The company has a market cap of $6.39 billion and a price-to-earnings ratio of 171.81.
Cameco (NYSE:CCJ) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.04. The company had revenue of $556.00 million for the quarter, compared to the consensus estimate of $577.54 million.
During the same quarter in the previous year, the company posted $0.09 earnings per share. The company’s
revenue for the quarter was up 32.7% on a year-over-year basis. Analysts expect that Cameco will post $1.29 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.0821 per share. This represents a $0.33 dividend on an
annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Friday, June 26th.
Cameco Corporation (NYSE:CCJ) is primarily engaged in the exploration for and the development, mining, refining, conversion, fabrication and trading of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries.
http://sleekmoney.com/vetr-inc-upgrades ... cj/265367/
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