Cameco Co. (NYSE:CCJ) Receives Average Rating of “Buy” from Brokerages

Cameco Co. (NYSE:CCJ) (TSE:CCO) has received a consensus rating of “Buy” from the twelve research firms that are presently covering the firm, MarketBeat Ratings reports. Nine analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $70.03.

A number of research analysts have weighed in on CCJ shares. Stifel Canada raised shares of Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th. Royal Bank of Canada restated an “outperform” rating and set a $90.00 target price on shares of Cameco in a research note on Tuesday, March 4th. Glj Research lifted their price target on Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research report on Wednesday, March 12th. Desjardins initiated coverage on Cameco in a report on Friday, April 4th. They set a “buy” rating for the company. Finally, Sanford C. Bernstein started coverage on shares of Cameco in a research report on Tuesday, April 1st. They set an “outperform” rating and a $52.00 target price on the stock.

Cameco Stock Up 1.6%

Shares of CCJ stock opened at $51.96 on Wednesday. The stock’s 50 day simple moving average is $43.09 and its 200 day simple moving average is $48.90. Cameco has a twelve month low of $35.00 and a twelve month high of $62.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The company has a market capitalization of $22.62 billion, a price-to-earnings ratio of 185.57 and a beta of 0.89.

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

Institutional Trading of Cameco

A number of institutional investors and hedge funds have recently modified their holdings of CCJ. Country Club Bank boosted its stake in Cameco by 0.5% during the first quarter. Country Club Bank now owns 43,553 shares of the basic materials company’s stock worth $1,822,000 after buying an additional 224 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of Cameco by 37.4% during the 4th quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 226 shares in the last quarter. Two Sigma Investments LP increased its stake in Cameco by 0.5% in the fourth quarter. Two Sigma Investments LP now owns 50,438 shares of the basic materials company’s stock valued at $2,592,000 after acquiring an additional 238 shares during the period. Heritage Wealth Management Inc. raised its position in Cameco by 0.8% in the fourth quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company’s stock worth $1,587,000 after purchasing an additional 250 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in Cameco by 48.6% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 267 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors.

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.