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

Shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) have received an average recommendation of “Buy” from the ten ratings firms that are currently covering the stock, Marketbeat reports. Seven analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $73.64.

A number of research analysts have weighed in on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $90.00 price objective on shares of Cameco in a research note on Tuesday, March 4th. Stifel Nicolaus started coverage on Cameco in a research note on Wednesday, March 12th. They set a “buy” rating for the company. Glj Research increased their price objective on Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research note on Wednesday, March 12th. StockNews.com raised Cameco from a “sell” rating to a “hold” rating in a research report on Wednesday, March 19th. Finally, Stifel Canada raised Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th.

Institutional Investors Weigh In On Cameco

A number of institutional investors and hedge funds have recently modified their holdings of the company. Dantai Capital Ltd increased its stake in Cameco by 44.2% in the 3rd quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company’s stock worth $2,735,000 after acquiring an additional 17,560 shares during the last quarter. Roberts Wealth Advisors LLC purchased a new position in shares of Cameco in the fourth quarter worth about $895,000. Whalen Wealth Management Inc. purchased a new stake in Cameco during the 4th quarter valued at about $445,000. Sprott Inc. lifted its position in Cameco by 44.5% in the fourth quarter. Sprott Inc. now owns 111,896 shares of the basic materials company’s stock valued at $5,750,000 after purchasing an additional 34,483 shares during the last quarter. Finally, iA Global Asset Management Inc. purchased a new stake in shares of Cameco during the third quarter valued at approximately $5,305,000. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Stock Up 2.7 %

Shares of CCJ opened at $45.73 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. Cameco has a 12 month low of $35.43 and a 12 month high of $62.55. The stock’s 50-day moving average price is $46.97 and its two-hundred day moving average price is $50.23. The company has a market capitalization of $19.91 billion, a PE ratio of 163.34 and a beta of 1.04.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, hitting 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 analysts’ expectations of $1.09 billion. On average, analysts anticipate that Cameco will post 1.27 EPS for the current 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.