Cameco Corporation (NYSE:CCJ – Get Free Report) (TSE:CCO) shot up 1.4% during trading on Thursday after Barclays upgraded the stock to a hold rating. The company traded as high as $106.90 and last traded at $105.4740. 2,884,693 shares changed hands during mid-day trading, a decline of 24% from the average session volume of 3,818,731 shares. The stock had previously closed at $104.02.
Several other research firms also recently commented on CCJ. William Blair initiated coverage on shares of Cameco in a research report on Monday, April 20th. They set an “outperform” rating on the stock. Canadian Imperial Bank of Commerce boosted their price objective on shares of Cameco to $202.00 in a research note on Monday, March 9th. Zacks Research downgraded Cameco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. Glj Research reaffirmed a “buy” rating and set a $171.20 target price (up from $100.00) on shares of Cameco in a report on Wednesday, February 18th. Finally, Scotiabank reiterated an “outperform” rating and issued a $175.00 price target on shares of Cameco in a research report on Wednesday, May 6th. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $148.62.
View Our Latest Stock Report on CCJ
Hedge Funds Weigh In On Cameco
Cameco Stock Performance
The stock has a market capitalization of $45.61 billion, a price-to-earnings ratio of 96.96, a price-to-earnings-growth ratio of 1.78 and a beta of 1.04. The company has a 50 day simple moving average of $113.20 and a 200-day simple moving average of $107.18. The company has a quick ratio of 2.09, a current ratio of 3.08 and a debt-to-equity ratio of 0.14.
Cameco (NYSE:CCJ – Get Free Report) (TSE:CCO) last announced its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.29 by $0.05. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The company had revenue of $607.49 million during the quarter, compared to the consensus estimate of $598.63 million. During the same quarter last year, the firm posted $0.16 EPS. The company’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, equities research analysts expect that Cameco Corporation will post 1.32 EPS for the current fiscal year.
Cameco Company Profile
Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.
The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.
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