Cameco (NYSE:CCJ) Hits New 1-Year High at $52.36

Shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) reached a new 52-week high during trading on Friday . The company traded as high as $52.36 and last traded at $52.09, with a volume of 1485570 shares trading hands. The stock had previously closed at $50.47.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CCJ. Cantor Fitzgerald lowered shares of Cameco from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 19th. StockNews.com lowered shares of Cameco from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. Finally, The Goldman Sachs Group started coverage on shares of Cameco in a research note on Monday, April 1st. They issued a “buy” rating and a $55.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Cameco has a consensus rating of “Moderate Buy” and a consensus price target of $62.75.

Cameco Trading Down 1.7 %

The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.97 and a current ratio of 1.55. The stock’s 50-day simple moving average is $43.64 and its 200-day simple moving average is $43.26. The firm has a market capitalization of $21.53 billion, a PE ratio of 82.65 and a beta of 0.92.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Thursday, February 8th. The basic materials company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). The business had revenue of $620.00 million during the quarter. Cameco had a return on equity of 5.61% and a net margin of 13.97%. As a group, sell-side analysts expect that Cameco Co. will post 1.55 EPS for the current fiscal year.

Hedge Funds Weigh In On Cameco

A number of hedge funds have recently bought and sold shares of CCJ. Principal Securities Inc. purchased a new stake in shares of Cameco during the 4th quarter valued at about $29,000. Allworth Financial LP boosted its position in shares of Cameco by 1,049.2% during the 3rd quarter. Allworth Financial LP now owns 747 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 682 shares during the last quarter. Janiczek Wealth Management LLC boosted its position in shares of Cameco by 210.4% during the 3rd quarter. Janiczek Wealth Management LLC now owns 773 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 524 shares during the last quarter. Tyler Stone Wealth Management bought a new position in shares of Cameco during the 2nd quarter valued at approximately $32,000. Finally, Versant Capital Management Inc bought a new stake in Cameco in the fourth quarter worth $34,000. 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.