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

Cameco Co. (NYSE:CCJ) (TSE:CCO) has been assigned an average rating of “Buy” from the twelve brokerages that are currently covering the stock, Marketbeat reports. Nine investment analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $70.03.

CCJ has been the topic of several recent research reports. Stifel Canada upgraded shares of Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th. Sanford C. Bernstein assumed coverage on Cameco in a report on Tuesday, April 1st. They set an “outperform” rating and a $52.00 target price for the company. Stifel Nicolaus began coverage on shares of Cameco in a research note on Wednesday, March 12th. They set a “buy” rating for the company. StockNews.com upgraded shares of Cameco from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $90.00 target price on shares of Cameco in a report on Tuesday, March 4th.

Institutional Trading of Cameco

A number of institutional investors have recently bought and sold shares of CCJ. Roberts Wealth Advisors LLC purchased a new stake in shares of Cameco during the 4th quarter worth about $895,000. Whalen Wealth Management Inc. bought a new position in Cameco during the fourth quarter valued at approximately $445,000. Sprott Inc. lifted its stake in Cameco by 44.5% in the fourth quarter. Sprott Inc. now owns 111,896 shares of the basic materials company’s stock valued at $5,750,000 after acquiring an additional 34,483 shares during the last quarter. Aigen Investment Management LP acquired a new position in shares of Cameco during the 4th quarter worth $930,000. Finally, Principal Financial Group Inc. raised its holdings in shares of Cameco by 1,138.1% during the 3rd quarter. Principal Financial Group Inc. now owns 267,431 shares of the basic materials company’s stock valued at $12,774,000 after purchasing an additional 245,831 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Trading Up 1.6%

Shares of Cameco stock opened at $51.96 on Wednesday. The business has a fifty day simple moving average of $43.09 and a 200-day simple moving average of $48.90. Cameco has a fifty-two week low of $35.00 and a fifty-two week high of $62.55. The firm has a market cap of $22.62 billion, a price-to-earnings ratio of 185.57 and a beta of 0.89. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). The business had revenue of $549.58 million during the quarter, compared to analyst estimates of $890.07 million. Cameco had a net margin of 5.39% and a return on equity of 4.34%. Cameco’s revenue was up 24.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.13 earnings per share. On average, equities analysts forecast that Cameco will post 1.27 EPS for the current fiscal 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.