Cameco (NYSE:CCJ) Upgraded by StockNews.com to “Hold” Rating

StockNews.com upgraded shares of Cameco (NYSE:CCJ) (TSE:CCO) from a sell rating to a hold rating in a report released on Wednesday.

A number of other equities analysts also recently commented on the stock. Stifel Canada upgraded shares of Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. Glj Research upped their target price on shares of Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research note on Wednesday, March 12th. Royal Bank of Canada restated an “outperform” rating and issued a $90.00 target price on shares of Cameco in a research note on Tuesday, March 4th. Finally, Stifel Nicolaus assumed coverage on shares of Cameco in a research note on Wednesday, March 12th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Cameco presently has a consensus rating of “Buy” and a consensus target price of $73.64.

Cameco Stock Performance

Cameco stock opened at $44.17 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. Cameco has a 1-year low of $35.43 and a 1-year high of $62.55. The firm has a market capitalization of $19.23 billion, a P/E ratio of 157.74 and a beta of 1.04. The company’s 50-day moving average is $47.26 and its 200 day moving average is $50.02.

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

Hedge Funds Weigh In On Cameco

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Cameco by 29.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,275 shares of the basic materials company’s stock valued at $322,000 after purchasing an additional 1,439 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ bought a new position in shares of Cameco during the fourth quarter valued at approximately $4,839,000. Copia Wealth Management bought a new position in shares of Cameco during the fourth quarter valued at approximately $39,000. Polar Asset Management Partners Inc. boosted its stake in Cameco by 337.2% in the fourth quarter. Polar Asset Management Partners Inc. now owns 98,376 shares of the basic materials company’s stock valued at $5,055,000 after acquiring an additional 75,876 shares in the last quarter. Finally, Hall Capital Management Co. Inc. acquired a new stake in Cameco in the fourth quarter valued at approximately $204,000. 70.21% of the stock is currently owned by 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.