Analysts See $-0.11 EPS for Cameco Corp (USA) (CCJ)

Pierre Vaugeois
Juillet 22, 2017

Gotham Asset Management LLC bought a new position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) during the first quarter, according to its most recent filing with the SEC. The fund bought 35,499 shares of the basic materials company's stock, valued at approximately $392,000. Institutional investors and hedge funds own 56.61% of the company's stock. Russell Investments Group Ltd. raised its stake in shares of Cameco Corporation by 5.7% in the first quarter. Credit Agricole S A now owns 174,336 shares of the basic materials company's stock valued at $1,825,000 after buying an additional 101,208 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Cameco Corporation during the first quarter worth about $72,208,000. Gulf International Bank UK Ltd increased its position in shares of Cameco Corporation by 2.4% in the first quarter. The company had a trading volume of 2,043,473 shares.

As of the end of the quarter Augustine Asset Management Inc had bought 474 shares growing its stake by 0.5%. It is meant to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period. LLC boosted its position in shares of Cameco Corporation by 111.9% in the first quarter. Beutel Goodman & Co Ltd. now owns 23,791,112 shares of the basic materials company's stock worth $262,895,000 after buying an additional 6,088,870 shares during the period. Cameco Corp (USA) (NYSE:CCJ) has declined 13.76% since July 20, 2016 and is downtrending. The Market Capitalization of the company stands at 3.85 Billion.

The current consensus rating on Cameco Corp (TSE:CCO) is Buy (Score: 2.71) with a consensus target price of C$15.72 per share, a potential.

Cameco Corporation (NYSE:CCJ) marched up 35.36% compared to a 52-week low price of $7.41. The firm has "Sector Perform" rating given on Thursday, April 7 by Scotia Capital. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.05). Cameco Corporation had a negative net margin of 6.47% and a positive return on equity of 2.26%. Analysts expect next quarter's EPS to be $0.07 with next year's EPS anticipated to be $0.54.

CCJ has been the subject of several recent research reports. Investors of record on Friday, June 30th were given a $0.0741 dividend. Stock Price Dips Below $12: "Time to Buy?" published on July 10, 2017 as well as Fool.com's news article titled: "Here's Why the Best Is Yet to Come for Cameco Corp." with publication date: "June 28, 2017. This represents a $0.30 dividend on an annualized basis and a yield of 3.05%.

Also covering Cameco Corporation's price target, a total of 12 brokerages have issued a ratings update on the company.

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These analysts also forecasted Growth Estimates for the Current Quarter for CCJ to be 81.8%. The stock has "Underperform" rating by Credit Suisse on Tuesday, July 18. BidaskClub downgraded Cameco Corporation from a "sell" rating to a "strong sell" rating in a research report on Saturday, June 17th. Royal Bank Of Canada initiated coverage on Cameco Corporation in a research report on Thursday, June 29th.

When it comes to the Analysis of a Stock, Price Target plays a vital role. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company's stock. The 50 day moving average was up $0.64 and the 200 day average went down by -5.17%.

Cameco Corporation (Cameco) is a uranium producer. The Firm 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.

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