Cameco (NYSE:CCJ) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of Cameco (NYSE:CCJ) (TSE:CCO) from a sell rating to a hold rating in a report published on Tuesday.

Other equities research analysts also recently issued research reports about the stock. Desjardins began coverage on shares of Cameco in a research report on Friday, April 4th. They issued a “buy” rating for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $90.00 price target on shares of Cameco in a report on Tuesday, March 4th. Stifel Canada upgraded Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. Stifel Nicolaus assumed coverage on shares of Cameco in a research report on Wednesday, March 12th. They set a “buy” rating for the company. Finally, Sanford C. Bernstein began coverage on shares of Cameco in a report on Tuesday, April 1st. They issued an “outperform” rating and a $52.00 target price on the stock. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Cameco has a consensus rating of “Buy” and an average price target of $70.03.

Cameco Price Performance

Shares of NYSE CCJ opened at $41.12 on Tuesday. The company has a market capitalization of $17.90 billion, a price-to-earnings ratio of 146.84 and a beta of 1.04. Cameco has a 1-year low of $35.00 and a 1-year high of $62.55. The business has a 50-day moving average of $42.85 and a 200-day moving average of $49.80. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, meeting the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.09 billion. On average, equities analysts anticipate that Cameco will post 1.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Cameco

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Sierra Ocean LLC acquired a new position in Cameco during the 4th quarter worth $25,000. Hurley Capital LLC bought a new stake in shares of Cameco during the fourth quarter valued at about $27,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Cameco in the fourth quarter worth about $28,000. Whipplewood Advisors LLC bought a new position in Cameco in the 4th quarter valued at about $33,000. Finally, Compass Planning Associates Inc acquired a new position in Cameco during the 4th quarter valued at about $36,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

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.