Cameco (NYSE:CCJ) Coverage Initiated at Sanford C. Bernstein

Sanford C. Bernstein initiated coverage on shares of Cameco (NYSE:CCJ) (TSE:CCO) in a report issued on Tuesday, MarketBeat Ratings reports. The firm issued an outperform rating and a $52.00 price objective on the basic materials company’s stock.

A number of other equities analysts also recently weighed in on CCJ. Stifel Canada upgraded Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $90.00 price objective on shares of Cameco in a research report on Tuesday, March 4th. Stifel Nicolaus assumed coverage on shares of Cameco in a research report on Wednesday, March 12th. They issued a “buy” rating for the company. Glj Research boosted their price target on shares of Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a report on Wednesday, March 12th. Finally, StockNews.com raised shares of Cameco from a “sell” rating to a “hold” rating in a research note on Wednesday, March 19th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $70.03.

Cameco Trading Up 1.6 %

NYSE CCJ opened at $41.83 on Tuesday. The firm’s 50 day moving average price is $45.98 and its two-hundred day moving average price is $50.39. 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 has a twelve month low of $35.43 and a twelve month high of $62.55. The stock has a market cap of $18.21 billion, a price-to-earnings ratio of 149.40 and a beta of 1.04.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CCJ. Sierra Ocean LLC acquired a new position in Cameco during the fourth quarter worth $25,000. Hurley Capital LLC bought a new stake in shares of Cameco during the 4th quarter worth about $27,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Cameco during the 4th quarter valued at about $28,000. Pingora Partners LLC bought a new position in shares of Cameco in the 3rd quarter valued at approximately $33,000. Finally, Whipplewood Advisors LLC acquired a new stake in Cameco in the 4th quarter worth approximately $33,000. Institutional investors 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.