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

Shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) have received a consensus rating of “Buy” from the four ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $40.25.

CCJ has been the topic of a number of recent research reports. Cantor Fitzgerald cut shares of Cameco from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 19th. The Goldman Sachs Group initiated coverage on shares of Cameco in a report on Monday, April 1st. They issued a “buy” rating and a $55.00 target price on the stock. Finally, StockNews.com cut shares of Cameco from a “hold” rating to a “sell” rating in a report on Thursday, April 4th.

Cameco Stock Down 0.3 %

Shares of NYSE CCJ opened at $48.18 on Wednesday. Cameco has a one year low of $25.11 and a one year high of $52.64. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.55 and a quick ratio of 0.97. The firm’s 50 day simple moving average is $43.65 and its two-hundred day simple moving average is $43.39. The stock has a market capitalization of $20.92 billion, a P/E ratio of 80.30 and a beta of 0.92.

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

Institutional Trading of Cameco

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Principal Securities Inc. purchased a new stake in Cameco in the fourth quarter worth $29,000. Allworth Financial LP lifted its position in Cameco by 1,049.2% during the third quarter. Allworth Financial LP now owns 747 shares of the basic materials company’s stock valued at $30,000 after buying an additional 682 shares during the period. Janiczek Wealth Management LLC lifted its position in Cameco by 210.4% during the third quarter. Janiczek Wealth Management LLC now owns 773 shares of the basic materials company’s stock valued at $31,000 after buying an additional 524 shares during the period. Versant Capital Management Inc purchased a new position in Cameco during the fourth quarter valued at $34,000. Finally, Sandy Spring Bank purchased a new position in Cameco during the fourth quarter valued at $43,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

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.