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

Shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) have earned a consensus rating of “Buy” from the twelve analysts that are presently covering the stock, Marketbeat reports. Nine analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $70.03.

A number of analysts have issued reports on CCJ shares. Stifel Canada raised Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Royal Bank of Canada reissued an “outperform” rating and set a $90.00 price target on shares of Cameco in a report on Tuesday, March 4th. Sanford C. Bernstein initiated coverage on shares of Cameco in a research report on Tuesday, April 1st. They set an “outperform” rating and a $52.00 price objective for the company. Stifel Nicolaus started coverage on Cameco in a report on Wednesday, March 12th. They issued a “buy” rating for the company. Finally, Glj Research boosted their price objective on shares of Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a report on Wednesday, March 12th.

Cameco Stock Up 5.5 %

Shares of NYSE:CCJ opened at $40.81 on Friday. The firm has a market capitalization of $17.76 billion, a PE ratio of 145.74 and a beta of 1.04. Cameco has a 1 year low of $35.00 and a 1 year high of $62.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The firm’s 50-day moving average is $43.54 and its two-hundred day moving average is $50.00.

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 (EPS) for the quarter, meeting analysts’ consensus estimates of $0.26. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The company had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion. Analysts predict that Cameco will post 1.27 EPS for the current year.

Institutional Investors Weigh In On Cameco

Hedge funds and other institutional investors have recently modified their holdings of the company. EP Wealth Advisors LLC increased its position in Cameco by 4.8% during the third quarter. EP Wealth Advisors LLC now owns 6,921 shares of the basic materials company’s stock worth $331,000 after purchasing an additional 320 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Cameco in the third quarter valued at approximately $1,768,000. Geode Capital Management LLC lifted its holdings in Cameco by 10.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,911,614 shares of the basic materials company’s stock worth $91,558,000 after buying an additional 177,551 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in Cameco by 97.6% in the third quarter. Sanctuary Advisors LLC now owns 13,969 shares of the basic materials company’s stock valued at $667,000 after purchasing an additional 6,901 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Cameco during the 3rd quarter valued at approximately $38,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

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.