Cameco Co. (NYSE:CCJ) Given Consensus Recommendation of “Buy” by Analysts

Shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) have been assigned an average rating of “Buy” from the seven analysts that are covering the stock, Marketbeat.com 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 analysts that have issued a report on the stock in the last year is $66.56.

Separately, StockNews.com raised Cameco from a “sell” rating to a “hold” rating in a report on Friday, February 21st.

Institutional Trading of Cameco

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sierra Ocean LLC bought a new stake in Cameco during the 4th quarter worth $25,000. Hurley Capital LLC bought a new stake in shares of Cameco during 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 valued at approximately $28,000. Pingora Partners LLC bought a new position in Cameco in the 3rd quarter valued at approximately $33,000. Finally, Whipplewood Advisors LLC bought a new position in Cameco in the 4th quarter valued at approximately $33,000. Institutional investors own 70.21% of the company’s stock.

Cameco Trading Down 2.8 %

Shares of CCJ stock opened at $43.49 on Friday. The stock has a market cap of $18.93 billion, a P/E ratio of 155.32 and a beta of 0.94. Cameco has a 1 year low of $35.43 and a 1 year 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. The stock has a 50 day simple moving average of $50.04 and a 200 day simple moving average of $49.81.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26. The company had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. On average, research analysts predict that Cameco will post 1.27 earnings per share for the current fiscal year.

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.