Cameco Co. (NYSE:CCJ) Receives Consensus Rating of “Buy” from Analysts

Cameco Co. (NYSE:CCJ) (TSE:CCO) has been assigned an average recommendation of “Buy” from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $58.25.

A number of equities research analysts recently weighed in on CCJ shares. National Bank Financial raised Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Cantor Fitzgerald upgraded Cameco from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 31st. Scotiabank reduced their price target on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Glj Research restated a “buy” rating and issued a $63.73 price objective on shares of Cameco in a research report on Wednesday, August 14th. Finally, The Goldman Sachs Group upped their target price on shares of Cameco from $56.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, June 7th.

Institutional Trading of Cameco

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Cameco by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 15,911,954 shares of the basic materials company’s stock valued at $689,306,000 after purchasing an additional 200,871 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in Cameco by 2.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,711,154 shares of the basic materials company’s stock valued at $593,967,000 after buying an additional 288,400 shares during the last quarter. Capital World Investors lifted its stake in Cameco by 1.6% in the 1st quarter. Capital World Investors now owns 13,708,235 shares of the basic materials company’s stock valued at $593,524,000 after acquiring an additional 215,741 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Cameco by 3.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,514,500 shares of the basic materials company’s stock worth $282,210,000 after acquiring an additional 202,157 shares during the last quarter. Finally, William Blair Investment Management LLC grew its stake in shares of Cameco by 6.8% during the 2nd quarter. William Blair Investment Management LLC now owns 4,160,009 shares of the basic materials company’s stock worth $204,672,000 after acquiring an additional 265,196 shares in the last quarter. 70.21% of the stock is owned by institutional investors.

Cameco Trading Down 1.0 %

Shares of CCJ stock opened at $40.33 on Friday. The firm has a fifty day moving average of $42.79 and a 200-day moving average of $46.47. The stock has a market cap of $17.55 billion, a price-to-earnings ratio of 103.41 and a beta of 0.90. Cameco has a 52-week low of $35.18 and a 52-week high of $56.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.48 and a current ratio of 3.22.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Wednesday, July 31st. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). The company had revenue of $598.00 million during the quarter, compared to analyst estimates of $756.00 million. Cameco had a return on equity of 5.63% and a net margin of 9.72%. The company’s quarterly revenue was up 24.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.01) earnings per share. On average, equities research analysts forecast that Cameco will post 0.96 earnings per share for the current fiscal year.

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.