Cameco Co. (NYSE:CCJ) Receives $73.64 Average Target Price from Analysts

Cameco Co. (NYSE:CCJ) (TSE:CCO) has been given a consensus recommendation of “Buy” by the ten research firms that are currently covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $73.64.

A number of equities analysts have recently issued reports on CCJ shares. Stifel Nicolaus started coverage on shares of Cameco in a research report on Wednesday, March 12th. They set a “buy” rating on the stock. Glj Research increased their price objective on shares of Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research report on Wednesday, March 12th. Royal Bank of Canada reissued an “outperform” rating and set a $90.00 price objective on shares of Cameco in a research report on Tuesday, March 4th. StockNews.com raised shares of Cameco from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Stifel Canada raised shares of Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th.

Cameco Stock Performance

Shares of CCJ opened at $44.86 on Tuesday. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $19.53 billion, a P/E ratio of 160.21 and a beta of 1.04. The firm’s fifty day simple moving average is $47.13 and its two-hundred day simple moving average is $49.99. Cameco has a 12 month low of $35.43 and a 12 month high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. The business had revenue of $845.54 million for 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%. As a group, analysts predict that Cameco will post 1.27 EPS for the current year.

Institutional Investors Weigh In On Cameco

A number of institutional investors and hedge funds have recently made changes to their positions in CCJ. Norges Bank acquired a new stake in shares of Cameco in the 4th quarter worth about $188,595,000. FMR LLC increased its stake in Cameco by 8.7% in the 4th quarter. FMR LLC now owns 22,639,647 shares of the basic materials company’s stock valued at $1,163,942,000 after buying an additional 1,811,876 shares during the last quarter. Driehaus Capital Management LLC increased its stake in Cameco by 120.2% in the 4th quarter. Driehaus Capital Management LLC now owns 2,245,539 shares of the basic materials company’s stock valued at $115,398,000 after buying an additional 1,225,966 shares during the last quarter. Alliancebernstein L.P. increased its stake in Cameco by 13.5% in the 4th quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company’s stock valued at $518,443,000 after buying an additional 1,196,336 shares during the last quarter. Finally, AGF Management Ltd. increased its stake in Cameco by 54.2% in the 4th quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company’s stock valued at $174,433,000 after buying an additional 1,193,266 shares during the last quarter. 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.