Cameco Co. (NYSE:CCJ) Receives Consensus Rating of “Buy” from Analysts

Cameco Co. (NYSE:CCJ) (TSE:CCO) has received an average rating of “Buy” from the seven analysts that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $66.56.

CCJ has been the topic of a number of research reports. Scotiabank decreased their price target on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. National Bank Financial raised shares of Cameco to a “strong-buy” rating in a research note on Tuesday, September 3rd. Glj Research reaffirmed a “buy” rating and issued a $63.73 price target on shares of Cameco in a research note on Wednesday, August 14th. Cantor Fitzgerald raised shares of Cameco from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 31st. Finally, Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a research note on Friday, October 4th.

Institutional Trading of Cameco

Institutional investors have recently added to or reduced their stakes in the stock. Moody Lynn & Lieberson LLC acquired a new stake in Cameco in the 3rd quarter valued at approximately $1,680,000. Tidal Investments LLC increased its holdings in Cameco by 15.5% in the 1st quarter. Tidal Investments LLC now owns 20,036 shares of the basic materials company’s stock valued at $868,000 after purchasing an additional 2,683 shares during the last quarter. Country Club Bank acquired a new stake in Cameco in the 3rd quarter valued at approximately $2,093,000. LRI Investments LLC acquired a new stake in Cameco in the 1st quarter valued at approximately $30,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Cameco in the 1st quarter valued at approximately $295,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Price Performance

Shares of CCJ opened at $52.50 on Friday. The business’s 50-day moving average is $47.19 and its two-hundred day moving average is $48.05. The company has a market capitalization of $22.85 billion, a P/E ratio of 122.09 and a beta of 0.90. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.48 and a current ratio of 3.22. Cameco has a fifty-two week low of $35.43 and a fifty-two week high of $58.72.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Wednesday, July 31st. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.14). Cameco had a return on equity of 5.63% and a net margin of 9.72%. The firm had revenue of $598.00 million for the quarter, compared to analysts’ expectations of $756.00 million. During the same period in the previous year, the company earned ($0.01) earnings per share. The company’s revenue was up 24.1% compared to the same quarter last year. Research analysts predict that Cameco will post 0.83 earnings per share 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.