Cameco Co. (NYSE:CCJ) Receives $66.56 Average Price Target from Brokerages

Shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) have earned an average rating of “Buy” from the seven ratings firms that are currently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $66.56.

Separately, StockNews.com raised shares of Cameco from a “sell” rating to a “hold” rating in a research note on Friday.

Hedge Funds Weigh In On Cameco

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sierra Ocean LLC bought a new position in shares of Cameco during the fourth quarter worth $25,000. Hurley Capital LLC bought a new position in Cameco during the fourth quarter valued at $27,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Cameco during the fourth quarter valued at $28,000. Whipplewood Advisors LLC bought a new position in Cameco during the fourth quarter valued at $33,000. Finally, Pingora Partners LLC bought a new position in Cameco during the third quarter valued at $33,000. Institutional investors own 70.21% of the company’s stock.

Cameco Stock Down 6.4 %

Shares of CCJ stock opened at $43.56 on Friday. The company has a 50 day simple moving average of $50.79 and a two-hundred day simple moving average of $49.75. 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 stock has a market cap of $18.96 billion, a P/E ratio of 155.55 and a beta of 0.94. Cameco has a 12 month low of $35.43 and a 12 month high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.26. The firm had revenue of $845.54 million during the quarter, compared to analysts’ expectations 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 earnings per share for the current year.

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.