Cameco Co. (NYSE:CCJ) Given Consensus Rating of “Buy” by Analysts

Cameco Co. (NYSE:CCJ) (TSE:CCO) has been assigned a consensus rating of “Buy” from the five research firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $45.70.

Several equities analysts have recently issued reports on CCJ shares. Bank of America boosted their price objective on Cameco from $59.00 to $60.50 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. StockNews.com downgraded Cameco from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. Finally, The Goldman Sachs Group upped their target price on Cameco from $56.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, June 7th.

Institutional Trading of Cameco

Large investors have recently added to or reduced their stakes in the company. Hamilton Wealth LLC increased its stake in shares of Cameco by 76.3% in the first quarter. Hamilton Wealth LLC now owns 8,978 shares of the basic materials company’s stock worth $389,000 after acquiring an additional 3,886 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Cameco by 22.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 124,821 shares of the basic materials company’s stock worth $5,338,000 after acquiring an additional 22,820 shares during the last quarter. Beck Bode LLC increased its stake in shares of Cameco by 11.2% in the first quarter. Beck Bode LLC now owns 46,681 shares of the basic materials company’s stock worth $2,022,000 after acquiring an additional 4,689 shares during the last quarter. LRI Investments LLC acquired a new position in shares of Cameco in the first quarter worth $26,000. Finally, Strategic Wealth Partners Ltd. increased its stake in shares of Cameco by 12.9% in the first quarter. Strategic Wealth Partners Ltd. now owns 180,655 shares of the basic materials company’s stock worth $7,826,000 after acquiring an additional 20,709 shares during the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Stock Down 4.9 %

NYSE:CCJ opened at $49.20 on Monday. The firm has a market capitalization of $21.41 billion, a PE ratio of 126.15 and a beta of 0.93. The stock has a 50 day moving average of $51.41 and a 200-day moving average of $47.04. Cameco has a 52 week low of $29.17 and a 52 week high of $56.24. The company has a current ratio of 1.42, a quick ratio of 0.69 and a debt-to-equity ratio of 0.17.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.23). The business had revenue of $470.29 million for the quarter. Cameco had a return on equity of 4.60% and a net margin of 9.28%. Analysts predict that Cameco will post 1.35 EPS for the current year.

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.