Cameco (NYSE:CCJ) Now Covered by Desjardins

Desjardins assumed coverage on shares of Cameco (NYSE:CCJ) (TSE:CCO) in a research note published on Friday morning, Marketbeat Ratings reports. The firm issued a buy rating on the basic materials company’s stock.

Several other equities research analysts also recently issued reports on CCJ. Royal Bank of Canada restated an “outperform” rating and set a $90.00 price objective on shares of Cameco in a research report on Tuesday, March 4th. Sanford C. Bernstein started coverage on Cameco in a report on Tuesday, April 1st. They issued an “outperform” rating and a $52.00 price objective on the stock. Glj Research boosted their target price on shares of Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a research report on Wednesday, March 12th. Stifel Nicolaus started coverage on shares of Cameco in a research report on Wednesday, March 12th. They set a “buy” rating on the stock. Finally, Stifel Canada upgraded shares of Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $70.03.

Cameco Stock Performance

Shares of NYSE CCJ opened at $37.80 on Friday. Cameco has a 12 month low of $35.43 and a 12 month high of $62.55. The stock has a 50 day moving average of $45.02 and a 200-day moving average of $50.39. 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 company has a market capitalization of $16.45 billion, a P/E ratio of 134.98 and a beta of 1.04.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. The firm had revenue of $845.54 million for the quarter, compared to the consensus estimate of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. As a group, equities research analysts predict that Cameco will post 1.27 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CCJ. Sierra Ocean LLC bought a new position in Cameco in the fourth quarter valued at about $25,000. Hurley Capital LLC bought a new position in shares of Cameco in the fourth quarter valued at approximately $27,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Cameco during the 4th quarter valued at $28,000. Whipplewood Advisors LLC bought a new stake in shares of Cameco in the 4th quarter worth $33,000. Finally, Compass Planning Associates Inc purchased a new stake in shares of Cameco in the fourth quarter valued at about $36,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

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.