Published: Fri, October 27, 2017
Business | By Max Garcia

Comprehensive Stock Analysis Of Cameco Corporation (CCJ)

Comprehensive Stock Analysis Of Cameco Corporation (CCJ)

Russell Investments Group Ltd. now owns 5,850,916 shares of the basic materials company's stock worth $53,220,000 after acquiring an additional 1,068,516 shares in the last quarter. Finally, Hollencrest Securities LLC purchased a new stake in Cameco Corporation in the 2nd quarter worth $155,000. TD Asset Management Inc. now owns 3,865,814 shares of the basic materials company's stock valued at $35,154,000 after buying an additional 138,163 shares during the period.

While looking at the Stock's Performance, Cameco Corporation now shows a Weekly Performance of -2.31%, where Monthly Performance is -10.28%, Quarterly performance is -13.84%, 6 Months performance is -15.24% and yearly performance percentage is 12.94%. Vanguard Group Inc. now owns 8,131,261 shares of the company's stock valued at $89,200,000 after buying an additional 813,573 shares during the period.

Want to see what other hedge funds are holding CCJ?

Cameco Corporation (NYSE CCJ) traded down 10.1821% during trading on Friday, reaching $7.9399. The company had a trading volume of 1,453,288 shares.

Cameco (CCJ -9.7%) plunges after reporting an unexpected Q3 loss and a 27% Y/Y revenue decline, and cutting its full-year production outlook. The company has a 50-day moving average price of $9.61 and a 200-day moving average price of $9.79.

The Saskatoon-based company is also cutting its capital spending guidance to $160 million for the year compared with earlier expectations for $175 million.

Cameco Corporation (CCJ) will report its next earnings on Oct 27 BMO.

Many analysts are providing their Estimated Earnings analysis for Cameco Corporation and for the current quarter 8 analysts have projected that the stock could give an Average Earnings estimate of $0.05/share.

Cameco Corp (NYSE:CCJ)'s revenue estimates for the current quarter are $395.46 Million according to 4 number of analysts, for the current quarter the company has high revenue estimates of $438.61 Million in contradiction of low revenue estimates of $370.51 Million.

CCJ expects 2017 net earnings to come in below 2016 levels, but Gitzel says it continues to generate solid cash flows and expects to exceed the $312M reported in 2016 despite weaker earnings.

Several research analysts recently weighed in on the stock. Royal Bank Of Canada started coverage on shares of Cameco Corporation in a research note on Thursday, June 29th.

Bank of America "Maintained" Cameco Corp (NYSE:CCJ) in a research note issued to investors on 10/04/17 to Underperform with price target of $29. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the previous year is $16.71.

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