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

Cameco (NYSE:CCJ) (TSE:CCO) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

CCJ has been the subject of several other reports. Stifel Canada raised Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Stifel Nicolaus assumed coverage on Cameco in a report on Wednesday, March 12th. They issued a “buy” rating for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $90.00 target price on shares of Cameco in a report on Tuesday, March 4th. Finally, Glj Research boosted their target price on Cameco from $62.76 to $75.68 and gave the company 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 issued a strong buy rating to the stock. Based on data from MarketBeat, Cameco presently has an average rating of “Buy” and an average price target of $73.64.

Cameco Trading Up 1.5 %

NYSE:CCJ opened at $44.86 on Wednesday. The stock has a 50-day simple moving average of $47.13 and a 200-day simple moving average of $49.99. The stock has a market cap of $19.53 billion, a P/E ratio of 160.21 and a beta of 1.04. Cameco has a 1 year low of $35.43 and a 1 year high of $62.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The business had revenue of $845.54 million during the quarter, compared to the consensus estimate of $1.09 billion. As a group, analysts anticipate that Cameco will post 1.27 earnings per share for the current fiscal year.

Institutional Trading of Cameco

Several institutional investors and hedge funds have recently added to or reduced their stakes in CCJ. Sierra Ocean LLC purchased a new position in shares of Cameco during the 4th quarter worth approximately $25,000. Hurley Capital LLC purchased a new position in shares of Cameco during the 4th quarter worth approximately $27,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Cameco during the 4th quarter worth approximately $28,000. Whipplewood Advisors LLC purchased a new position in shares of Cameco during the 4th quarter worth approximately $33,000. Finally, Pingora Partners LLC purchased a new position in shares of Cameco during the 3rd quarter worth approximately $33,000. 70.21% of the stock is owned by hedge funds and other 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.