Cameco (NYSE:CCJ) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Cameco (NYSE:CCJ) (TSE:CCO) from a hold rating to a sell rating in a research note issued to investors on Monday.

Several other research analysts also recently commented on CCJ. Sanford C. Bernstein assumed coverage on shares of Cameco in a research note on Tuesday, April 1st. They issued an “outperform” rating and a $52.00 target price on the stock. Desjardins assumed coverage on shares of Cameco in a research note on Friday, April 4th. They set a “buy” rating for the company. Stifel Canada raised Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. Stifel Nicolaus started coverage on Cameco in a report on Wednesday, March 12th. They set a “buy” rating on the stock. Finally, Glj Research lifted their price objective on Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $70.03.

Cameco Stock Performance

Cameco stock opened at $49.84 on Monday. The firm has a fifty day simple moving average of $42.39 and a two-hundred day simple moving average of $49.07. Cameco has a twelve month low of $35.00 and a twelve month high of $62.55. The company has a market capitalization of $21.70 billion, a PE ratio of 178.01 and a beta of 0.89. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Thursday, May 1st. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.07). The company had revenue of $549.58 million for the quarter, compared to analysts’ expectations of $890.07 million. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The company’s revenue was up 24.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.13 earnings per share. Research analysts expect that Cameco will post 1.27 EPS for the current year.

Hedge Funds Weigh In On Cameco

A number of institutional investors have recently added to or reduced their stakes in CCJ. Sierra Ocean LLC purchased a new stake in shares of Cameco in the 4th quarter worth about $25,000. Hurley Capital LLC purchased a new stake in Cameco in the fourth quarter worth about $27,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Cameco during the fourth quarter valued at approximately $28,000. Whipplewood Advisors LLC purchased a new position in shares of Cameco during the fourth quarter valued at approximately $33,000. Finally, Compass Planning Associates Inc bought a new stake in shares of Cameco in the 4th quarter worth approximately $36,000. Institutional investors own 70.21% of the company’s stock.

Cameco Company Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, 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.