Shares of Cameco Corporation (NYSE:CCJ – Get Free Report) (TSE:CCO) have earned an average rating of “Moderate Buy” from the sixteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $148.62.
CCJ has been the topic of several research reports. Glj Research restated a “buy” rating and issued a $171.20 price target (up from $100.00) on shares of Cameco in a report on Wednesday, February 18th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $147.00 price objective on shares of Cameco in a research report on Thursday, February 5th. Barclays began coverage on shares of Cameco in a research report on Thursday. They issued an “equal weight” rating and a $108.00 price objective for the company. Weiss Ratings downgraded shares of Cameco from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Finally, Canadian Imperial Bank of Commerce increased their price objective on shares of Cameco to $202.00 in a research report on Monday, March 9th.
Read Our Latest Analysis on Cameco
Institutional Trading of Cameco
Cameco Trading Down 0.6%
NYSE CCJ opened at $104.71 on Friday. Cameco has a one year low of $55.11 and a one year high of $135.24. The company’s 50 day moving average price is $113.20 and its 200 day moving average price is $107.18. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.09 and a current ratio of 3.08. The firm has a market capitalization of $45.61 billion, a price-to-earnings ratio of 96.96, a PEG ratio of 1.77 and a beta of 1.04.
Cameco (NYSE:CCJ – Get Free Report) (TSE:CCO) last posted its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, beating 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 firm had revenue of $607.49 million for the quarter, compared to analyst estimates of $598.63 million. During the same quarter last year, the firm posted $0.16 earnings per share. Cameco’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, sell-side analysts predict that Cameco will post 1.32 EPS for the current 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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