Royal Bank of Canada restated their outperform rating on shares of Cameco (NYSE:CCJ – Free Report) (TSE:CCO) in a report issued on Tuesday morning,Benzinga reports. The firm currently has a $90.00 price objective on the basic materials company’s stock.
Separately, StockNews.com raised Cameco from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $71.25.
Read Our Latest Analysis on Cameco
Cameco Stock Up 1.7 %
Cameco (NYSE:CCJ – Get Free Report) (TSE:CCO) last posted its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. The company had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. Sell-side analysts expect that Cameco will post 1.27 EPS for the current fiscal year.
Institutional Trading of Cameco
Large investors have recently bought and sold shares of the company. Sierra Ocean LLC purchased a new stake in Cameco in the fourth quarter worth $25,000. Hurley Capital LLC purchased a new stake in Cameco in the fourth quarter worth $27,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Cameco in the fourth quarter worth $28,000. Whipplewood Advisors LLC purchased a new stake in Cameco in the fourth quarter worth $33,000. Finally, Pingora Partners LLC purchased a new stake in Cameco in the third quarter worth $33,000. 70.21% of the stock is owned by hedge funds and other institutional investors.
About Cameco
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.
Recommended Stories
- Five stocks we like better than Cameco
- Market Cap Calculator: How to Calculate Market Cap
- GitLab: Get In While It’s Down—Big Rebound Ahead
- Diversification Can Smooth Returns And Mitigate Portfolio Risk
- Tesla Stock: Finding a Bottom May Take Time
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- Duolingo: This Beaten-Down Stock Is About to Rally 38%
Receive News & Ratings for Cameco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cameco and related companies with MarketBeat.com's FREE daily email newsletter.