Cameco (NYSE:CCJ – Get Free Report) (TSE:CCO) will post its quarterly earnings results before the market opens on Thursday, February 8th. Analysts expect Cameco to post earnings of $0.21 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.
Cameco Price Performance
CCJ opened at $47.62 on Wednesday. The business has a fifty day moving average of $45.60 and a 200 day moving average of $40.88. Cameco has a 52-week low of $23.69 and a 52-week high of $51.33. The company has a quick ratio of 3.31, a current ratio of 3.85 and a debt-to-equity ratio of 0.08. The stock has a market cap of $20.68 billion, a P/E ratio of 108.23 and a beta of 0.96.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the company. TheStreet raised Cameco from a “c” rating to a “b-” rating in a research report on Tuesday, October 31st. StockNews.com upgraded Cameco from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Finally, Cantor Fitzgerald cut Cameco from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 19th. Two research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $65.33.
Institutional Trading of Cameco
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wetherby Asset Management Inc. raised its position in shares of Cameco by 2.2% in the 1st quarter. Wetherby Asset Management Inc. now owns 21,835 shares of the basic materials company’s stock worth $571,000 after buying an additional 479 shares during the period. Mercer Global Advisors Inc. ADV raised its position in shares of Cameco by 2.8% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 18,776 shares of the basic materials company’s stock worth $744,000 after buying an additional 520 shares during the period. 1832 Asset Management L.P. raised its position in shares of Cameco by 61.9% in the 1st quarter. 1832 Asset Management L.P. now owns 1,700 shares of the basic materials company’s stock worth $49,000 after buying an additional 650 shares during the period. Atria Wealth Solutions Inc. raised its position in shares of Cameco by 7.4% in the 4th quarter. Atria Wealth Solutions Inc. now owns 10,728 shares of the basic materials company’s stock worth $243,000 after buying an additional 735 shares during the period. Finally, Geneos Wealth Management Inc. raised its position in shares of Cameco by 5.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 18,650 shares of the basic materials company’s stock worth $542,000 after buying an additional 900 shares during the period. 66.57% of the stock is owned by institutional investors and hedge funds.
Cameco Company Profile
Cameco Corp. engages in the provision of uranium. It operates through the Uranium and Fuel Services segments. The Uranium segment is involved in the exploration for, mining, milling, purchase, and sale of uranium concentrate. The Fuel Services segment deals with the refining, conversion, and fabrication of uranium concentrate and the purchase and sale of conversion services.
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