Cameco Corporation Common Stock (NYSE:CCJ).
The stock of Cameco Corporation Common Stock (NYSE:CCJ) reached a 52 week low point of $8.33 as of end of day Wednesday. Shares ended up with a change of $0.14 ending the day at $8.62. 3,022,446 shares traded and the stock hit a high of $8.65.
Additionally the company recently announced a dividend that will be paid on Friday the 14th of October 2016. The dividend will be $0.075 per share for the quarter which comes to $0.30 on an annualized basis. This dividend amount will represent a yeild of $3.44. The ex-dividend date will be on Tuesday June 28th, 2016.
Shares finished at $8.62 a tad under the 50 day moving average of $9.22 and slightly below the 200 day moving average of $10.99. The 50 day moving average was down $-0.61 or -6.562% whereas the 200 day average was down by -21.548%.
In the last earnings report the EPS was $-0.14 and is projected to be $0.71 for the current year with 395,792,000 shares now outstanding. Next quarter’s EPS is estimated at $0.48 with next year’s EPS anticipated to be $0.70.
Several brokerage analysts have provided guidance. On July 21 the company was downgraded to “Neutral” from “Buy” in a report issued by Bank of America. On April 7 the company was changed to a “Sector Perform” according to a Scotiabank report which was a cut from the previous “Outperform” rating.
Goldman Sachs initiated coverage on CCJ with an initial rating of “Buy” and setting a price target of $18.00. On April 30, 2015 the stock rating was set at “Outperform” by Raymond James a boost from the previous “Market Perform” rating.
On April 13 the stock rating was upgraded from “Neutral” to “Buy” and a price target of $23.00 was set by Bank of America. Bank of America raised the price target and upgraded the stock on April 13 boosting the price target from $20.00 to $23.00 and altering the rating from “Neutral” to “Buy”.