Analysts Set Cameco Co. (NYSE:CCJ) PT at $66.56

Cameco Co. (NYSE:CCJ) (TSE:CCO) has been assigned a consensus rating of “Buy” from the seven analysts that are presently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $66.56.

CCJ has been the subject of several research reports. Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a research note on Friday, October 4th. Glj Research reissued a “buy” rating and issued a $63.73 price objective on shares of Cameco in a research report on Wednesday, August 14th. Scotiabank cut their target price on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. National Bank Financial upgraded shares of Cameco to a “strong-buy” rating in a research note on Tuesday, September 3rd. Finally, Cantor Fitzgerald upgraded shares of Cameco from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 31st.

Cameco Trading Up 0.2 %

Shares of CCJ opened at $51.27 on Friday. The stock has a fifty day moving average of $47.56 and a two-hundred day moving average of $48.09. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.48 and a current ratio of 3.22. The company has a market capitalization of $22.31 billion, a PE ratio of 119.23 and a beta of 0.89. Cameco has a fifty-two week low of $35.43 and a fifty-two week high of $58.72.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CCJ. LRI Investments LLC purchased a new stake in shares of Cameco in the 1st quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in Cameco by 71.5% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock valued at $27,000 after buying an additional 238 shares during the last quarter. JFS Wealth Advisors LLC grew its stake in Cameco by 130.6% in the 3rd quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company’s stock valued at $46,000 after buying an additional 550 shares during the last quarter. Larson Financial Group LLC grew its stake in Cameco by 99.3% in the 1st quarter. Larson Financial Group LLC now owns 1,204 shares of the basic materials company’s stock valued at $52,000 after buying an additional 600 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Cameco by 68.8% in the 3rd quarter. Blue Trust Inc. now owns 1,575 shares of the basic materials company’s stock worth $77,000 after purchasing an additional 642 shares during the last quarter. 70.21% of the stock is currently owned by 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.