Cameco Corporation (NYSE:CCJ) Receives Average Rating of “Moderate Buy” from Analysts

Cameco Corporation (NYSE:CCJ) (TSE:CCO) has received a consensus rating of “Moderate Buy” from the sixteen ratings firms that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $147.42.

A number of equities analysts have weighed in on the stock. TD Securities lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Royal Bank Of Canada lifted their price target on shares of Cameco from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $135.00 price target on shares of Cameco in a report on Monday. Barclays assumed coverage on shares of Cameco in a report on Thursday, May 21st. They issued an “equal weight” rating and a $108.00 price target on the stock. Finally, William Blair assumed coverage on shares of Cameco in a report on Monday, April 20th. They issued an “outperform” rating on the stock.

Hedge Funds Weigh In On Cameco

Hedge funds have recently made changes to their positions in the stock. Clearstead Advisors LLC raised its stake in shares of Cameco by 0.8% in the 4th quarter. Clearstead Advisors LLC now owns 10,158 shares of the basic materials company’s stock valued at $929,000 after acquiring an additional 85 shares during the period. Legacy Bridge LLC raised its stake in shares of Cameco by 0.9% in the 4th quarter. Legacy Bridge LLC now owns 11,508 shares of the basic materials company’s stock valued at $1,053,000 after acquiring an additional 100 shares during the period. HB Wealth Management LLC raised its stake in shares of Cameco by 3.1% in the 1st quarter. HB Wealth Management LLC now owns 3,560 shares of the basic materials company’s stock valued at $387,000 after acquiring an additional 107 shares during the period. Groupama Asset Managment raised its stake in shares of Cameco by 5.9% in the 4th quarter. Groupama Asset Managment now owns 1,928 shares of the basic materials company’s stock valued at $176,000 after acquiring an additional 108 shares during the period. Finally, S.A. Mason LLC raised its stake in shares of Cameco by 4.8% in the 4th quarter. S.A. Mason LLC now owns 2,436 shares of the basic materials company’s stock valued at $223,000 after acquiring an additional 111 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Up 5.9%

Shares of NYSE CCJ opened at $106.97 on Thursday. Cameco has a 1 year low of $67.60 and a 1 year high of $135.24. The firm’s 50 day moving average price is $113.01 and its 200 day moving average price is $109.41. The firm has a market cap of $46.59 billion, a P/E ratio of 99.04, a price-to-earnings-growth ratio of 1.71 and a beta of 0.99. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.09 and a current ratio of 3.08.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. The firm had revenue of $607.49 million for the quarter, compared to analyst estimates of $598.63 million. Cameco had a net margin of 18.38% and a return on equity of 11.05%. Cameco’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.16 earnings per share. As a group, sell-side analysts anticipate that Cameco will post 1.31 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.