Cameco Co. (NYSE:CCJ) Given Average Recommendation of “Buy” by Analysts

Cameco Co. (NYSE:CCJ) (TSE:CCO) has been assigned a consensus recommendation of “Buy” from the ten ratings firms that are currently covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $73.64.

Several equities analysts have recently issued reports on CCJ shares. Stifel Canada raised Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th. Glj Research lifted their target price on shares of Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a report on Wednesday, March 12th. StockNews.com upgraded shares of Cameco from a “sell” rating to a “hold” rating in a report on Wednesday. Stifel Nicolaus assumed coverage on shares of Cameco in a report on Wednesday, March 12th. They issued a “buy” rating for the company. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $90.00 target price on shares of Cameco in a research note on Tuesday, March 4th.

Institutional Trading of Cameco

Hedge funds have recently bought and sold shares of the stock. FMR LLC boosted its holdings in Cameco by 8.7% in the 4th quarter. FMR LLC now owns 22,639,647 shares of the basic materials company’s stock worth $1,163,942,000 after buying an additional 1,811,876 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Cameco by 1.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,846,044 shares of the basic materials company’s stock worth $865,729,000 after purchasing an additional 190,337 shares in the last quarter. Vanguard Group Inc. raised its stake in Cameco by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 16,784,270 shares of the basic materials company’s stock valued at $862,997,000 after purchasing an additional 270,102 shares during the period. Alliancebernstein L.P. lifted its holdings in Cameco by 13.5% in the 4th quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company’s stock worth $518,443,000 after purchasing an additional 1,196,336 shares in the last quarter. Finally, Norges Bank bought a new position in Cameco in the 4th quarter worth approximately $188,595,000. Institutional investors own 70.21% of the company’s stock.

Cameco Price Performance

Shares of CCJ opened at $44.62 on Tuesday. Cameco has a fifty-two week low of $35.43 and a fifty-two week high of $62.55. The firm’s 50-day simple moving average is $47.03 and its two-hundred day simple moving average is $50.10. The stock has a market cap of $19.42 billion, a PE ratio of 159.34 and a beta of 1.04. 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 quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. The company 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%. Analysts anticipate that Cameco will post 1.27 earnings per share for the current fiscal year.

About Cameco

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.