Cameco Corporation (NYSE:CCJ) Given Average Rating of “Moderate Buy” by Analysts

Shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) have been assigned a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $148.1091.

A number of research firms have commented on CCJ. Barclays began coverage on shares of Cameco in a research report on Thursday, May 21st. They set an “equal weight” rating and a $108.00 target price on the stock. William Blair began coverage on shares of Cameco in a report on Monday, April 20th. They set an “outperform” rating on the stock. Royal Bank Of Canada upped their target price on Cameco from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. Weiss Ratings cut Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Finally, Scotiabank reiterated an “outperform” rating and issued a $175.00 price target on shares of Cameco in a report on Wednesday, May 6th.

Institutional Investors Weigh In On Cameco

A number of institutional investors have recently added to or reduced their stakes in CCJ. Bison Wealth LLC grew its position in shares of Cameco by 16.1% in the 4th quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company’s stock worth $1,102,000 after buying an additional 2,975 shares during the last quarter. AQR Capital Management LLC lifted its position in Cameco by 16.6% during the first quarter. AQR Capital Management LLC now owns 9,547 shares of the basic materials company’s stock valued at $393,000 after acquiring an additional 1,361 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in Cameco by 48.7% during the first quarter. Integrated Wealth Concepts LLC now owns 8,485 shares of the basic materials company’s stock valued at $349,000 after acquiring an additional 2,780 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Cameco by 11.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 604,841 shares of the basic materials company’s stock valued at $24,895,000 after acquiring an additional 64,512 shares in the last quarter. Finally, NewGen Equity Long Short Fund acquired a new stake in Cameco in the second quarter valued at approximately $14,252,000. Institutional investors own 70.21% of the company’s stock.

Cameco Stock Performance

Cameco stock opened at $96.06 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.09 and a current ratio of 3.08. The company has a market capitalization of $41.84 billion, a PE ratio of 88.94, a P/E/G ratio of 1.67 and a beta of 1.02. The company has a 50 day moving average price of $106.85 and a 200-day moving average price of $110.81. Cameco has a fifty-two week low of $68.96 and a fifty-two week high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.05. The company had revenue of $607.49 million for the quarter, compared to analysts’ expectations of $598.63 million. Cameco had a return on equity of 11.05% and a net margin of 18.38%.Cameco’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.16 earnings per share. As a group, equities analysts forecast that Cameco will post 1.21 earnings per share for the current year.

About Cameco

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.