Brokerages Set Cameco Co. (NYSE:CCJ) Price Target at $45.70

Shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) have been given an average rating of “Buy” by the five ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $45.70.

Several equities research analysts recently issued reports on CCJ shares. The Goldman Sachs Group raised their target price on shares of Cameco from $56.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, June 7th. Bank of America lifted their price objective on shares of Cameco from $59.00 to $60.50 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. Finally, StockNews.com cut shares of Cameco from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th.

Cameco Stock Performance

Shares of NYSE:CCJ opened at $50.51 on Monday. Cameco has a 12 month low of $29.17 and a 12 month high of $56.24. The company has a market cap of $21.98 billion, a price-to-earnings ratio of 129.51 and a beta of 0.91. The company has a 50-day moving average price of $51.53 and a 200-day moving average price of $47.13. The company has a current ratio of 1.42, a quick ratio of 0.69 and a debt-to-equity ratio of 0.17.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.23). Cameco had a net margin of 9.28% and a return on equity of 4.60%. The firm had revenue of $470.29 million for the quarter. As a group, equities analysts anticipate that Cameco will post 1.35 EPS for the current year.

Institutional Investors Weigh In On Cameco

Several large investors have recently modified their holdings of the business. Venturi Wealth Management LLC boosted its holdings in shares of Cameco by 235.3% in the 1st quarter. Venturi Wealth Management LLC now owns 570 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 400 shares during the last quarter. LRI Investments LLC purchased a new stake in Cameco during the first quarter worth $26,000. Principal Securities Inc. purchased a new stake in Cameco during the fourth quarter worth $29,000. Versant Capital Management Inc purchased a new stake in Cameco during the fourth quarter worth $34,000. Finally, Sandy Spring Bank purchased a new stake in Cameco during the fourth quarter worth $43,000. 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.