Cameco (NYSE:CCJ) Stock Rating Lowered by StockNews.com

Cameco (NYSE:CCJ) (TSE:CCO) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Tuesday.

Separately, Royal Bank of Canada reiterated an “outperform” rating and issued a $90.00 price target on shares of Cameco in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $73.64.

Cameco Stock Up 2.1 %

CCJ opened at $42.63 on Tuesday. 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 12 month low of $35.43 and a 12 month high of $62.55. The stock has a market capitalization of $18.56 billion, a P/E ratio of 152.23 and a beta of 1.04. The business has a 50 day simple moving average of $48.22 and a 200-day simple moving average of $49.96.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Sierra Ocean LLC acquired a new position in Cameco in the fourth quarter worth approximately $25,000. Hurley Capital LLC acquired a new position in shares of Cameco during the 4th quarter worth $27,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Cameco during the 4th quarter valued at $28,000. Whipplewood Advisors LLC acquired a new stake in shares of Cameco in the 4th quarter valued at $33,000. Finally, Pingora Partners LLC bought a new stake in Cameco in the third quarter worth $33,000. 70.21% of the stock is owned by institutional investors and hedge funds.

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.