Cameco (NYSE:CCJ) Raised to Hold at StockNews.com

Cameco (NYSE:CCJ) (TSE:CCO) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Friday.

Cameco Price Performance

NYSE:CCJ opened at $43.56 on Friday. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The firm has a fifty day simple moving average of $50.79 and a 200 day simple moving average of $49.67. Cameco has a 1-year low of $35.43 and a 1-year high of $62.55. The stock has a market capitalization of $18.96 billion, a PE ratio of 155.55 and a beta of 0.94.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. The company had revenue of $845.54 million during the quarter, compared to the consensus estimate of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. On average, research analysts expect that Cameco will post 1.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CCJ. Blue Trust Inc. boosted its position in Cameco by 68.8% during the third quarter. Blue Trust Inc. now owns 1,575 shares of the basic materials company’s stock worth $77,000 after purchasing an additional 642 shares during the period. Private Advisor Group LLC lifted its stake in shares of Cameco by 8.3% during the 3rd quarter. Private Advisor Group LLC now owns 65,251 shares of the basic materials company’s stock worth $3,117,000 after buying an additional 5,011 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Cameco during the 3rd quarter worth about $95,830,000. Assenagon Asset Management S.A. grew its stake in Cameco by 22.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 21,497 shares of the basic materials company’s stock valued at $1,027,000 after buying an additional 3,899 shares during the last quarter. Finally, Dakota Wealth Management raised its holdings in Cameco by 4.1% in the 3rd quarter. Dakota Wealth Management now owns 33,288 shares of the basic materials company’s stock valued at $1,590,000 after acquiring an additional 1,323 shares during the period. 70.21% of the stock is currently owned by 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.