Cameco (NYSE:CCJ) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Cameco (NYSE:CCJ) (TSE:CCO) from a sell rating to a hold rating in a research note released on Wednesday morning.

A number of other research analysts have also recently issued reports on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $90.00 price target on shares of Cameco in a report on Tuesday, March 4th. Stifel Nicolaus began coverage on shares of Cameco in a report on Wednesday, March 12th. They set a “buy” rating for the company. Stifel Canada raised shares of Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Finally, Glj Research raised their target price on shares of Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a report on Wednesday, March 12th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Cameco currently has an average rating of “Buy” and a consensus price target of $73.64.

Cameco Trading Up 2.5 %

NYSE CCJ opened at $44.17 on Wednesday. The company has a fifty day simple moving average of $47.26 and a two-hundred day simple moving average of $50.02. The stock has a market cap of $19.23 billion, a P/E ratio of 157.74 and a beta of 1.04. Cameco has a 12-month low of $35.43 and a 12-month high of $62.55. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20.

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, hitting analysts’ consensus estimates of $0.26. The business had revenue of $845.54 million during the quarter, compared to analysts’ expectations of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. On average, analysts forecast that Cameco will post 1.27 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CCJ. Sierra Ocean LLC acquired a new position in shares of Cameco in the fourth quarter worth about $25,000. Hurley Capital LLC acquired a new position in shares of Cameco in the fourth quarter worth about $27,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Cameco in the fourth quarter worth about $28,000. Pingora Partners LLC acquired a new position in shares of Cameco in the third quarter worth about $33,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Cameco in the fourth quarter worth about $33,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

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.