Cameco (NYSE:CCJ) Downgraded by StockNews.com to Sell

StockNews.com lowered shares of Cameco (NYSE:CCJ) (TSE:CCO) from a hold rating to a sell rating in a research report sent to investors on Wednesday.

A number of other research firms have also recently issued reports on CCJ. Sanford C. Bernstein began coverage on shares of Cameco in a research note on Tuesday. They set an “outperform” rating and a $52.00 target price for the company. Stifel Canada upgraded Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. Stifel Nicolaus began coverage on Cameco in a report on Wednesday, March 12th. They set a “buy” rating on the stock. Glj Research upped their price objective on shares of Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research report on Wednesday, March 12th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $90.00 target price on shares of Cameco in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Cameco has an average rating of “Buy” and an average price target of $70.03.

Cameco Price Performance

NYSE CCJ opened at $37.80 on Wednesday. The company has a market capitalization of $16.45 billion, a PE ratio of 134.98 and a beta of 1.04. Cameco has a 12-month low of $35.43 and a 12-month high of $62.55. The firm’s 50 day moving average is $45.02 and its 200-day moving average is $50.25. 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 posted its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. The firm had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. Equities research analysts anticipate that Cameco will post 1.27 earnings per share for the current fiscal year.

Institutional Trading of Cameco

Several institutional investors have recently modified their holdings of the business. Sierra Ocean LLC bought a new position in Cameco during the 4th quarter worth approximately $25,000. Hurley Capital LLC acquired a new stake in Cameco during the fourth quarter worth approximately $27,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Cameco in the fourth quarter valued at approximately $28,000. Pingora Partners LLC acquired a new stake in shares of Cameco during the 3rd quarter worth approximately $33,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Cameco during the 4th quarter valued at $33,000. Institutional investors own 70.21% of the company’s stock.

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.