Cameco (NYSE:CCJ) Lowered to Sell at StockNews.com

StockNews.com downgraded shares of Cameco (NYSE:CCJFree Report) (TSE:CCO) from a hold rating to a sell rating in a research report report published on Monday.

A number of other research firms have also issued reports on CCJ. TheStreet raised shares of Cameco from a c rating to a b- rating in a research note on Tuesday, October 31st. Cantor Fitzgerald lowered shares of Cameco from a buy rating to a neutral rating in a research note on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Cameco has a consensus rating of Moderate Buy and an average price target of $65.33.

Read Our Latest Stock Report on CCJ

Cameco Trading Down 0.9 %

Cameco stock opened at $43.65 on Monday. The company has a quick ratio of 0.97, a current ratio of 1.55 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average price of $45.58 and a two-hundred day moving average price of $41.21. The firm has a market capitalization of $18.95 billion, a price-to-earnings ratio of 72.75 and a beta of 0.96. Cameco has a 52-week low of $23.69 and a 52-week high of $51.33.

Institutional Trading of Cameco

A number of institutional investors have recently made changes to their positions in the stock. Alberta Investment Management Corp lifted its stake in shares of Cameco by 8.5% in the 4th quarter. Alberta Investment Management Corp now owns 532,049 shares of the basic materials company’s stock worth $23,052,000 after acquiring an additional 41,700 shares during the period. Scotia Capital Inc. raised its holdings in shares of Cameco by 4.1% in the 4th quarter. Scotia Capital Inc. now owns 412,001 shares of the basic materials company’s stock worth $17,746,000 after purchasing an additional 16,171 shares in the last quarter. Gold Investment Management Ltd. bought a new stake in shares of Cameco in the 4th quarter worth approximately $173,000. Fiduciary Trust Co raised its holdings in shares of Cameco by 4.2% in the 4th quarter. Fiduciary Trust Co now owns 17,289 shares of the basic materials company’s stock worth $745,000 after purchasing an additional 693 shares in the last quarter. Finally, TD Asset Management Inc raised its holdings in shares of Cameco by 11.5% in the 4th quarter. TD Asset Management Inc now owns 1,390,259 shares of the basic materials company’s stock worth $60,235,000 after purchasing an additional 143,253 shares in the last quarter. 66.57% of the stock is owned by institutional investors and hedge funds.

Cameco Company Profile

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Cameco Corp. engages in the provision of uranium. It operates through the Uranium and Fuel Services segments. The Uranium segment is involved in the exploration for, mining, milling, purchase, and sale of uranium concentrate. The Fuel Services segment deals with the refining, conversion, and fabrication of uranium concentrate and the purchase and sale of conversion services.

Further Reading

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