Cameco (NYSE:CCJ) Given New $202.00 Price Target at Canadian Imperial Bank of Commerce

Cameco (NYSE:CCJ) (TSE:CCO) had its price target hoisted by Canadian Imperial Bank of Commerce to $202.00 in a research report sent to investors on Monday,MarketScreener reports.

CCJ has been the subject of several other research reports. Raymond James Financial reaffirmed an “outperform” rating on shares of Cameco in a report on Wednesday, January 14th. Glj Research reissued a “buy” rating and set a $171.20 price target (up from $100.00) on shares of Cameco in a report on Wednesday, February 18th. Zacks Research downgraded Cameco from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Royal Bank Of Canada upped their price objective on Cameco from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $147.00 target price on shares of Cameco in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.40.

Cameco Price Performance

Shares of NYSE:CCJ opened at $116.35 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.47 and a quick ratio of 1.68. Cameco has a 1-year low of $35.00 and a 1-year high of $135.24. The company has a market capitalization of $50.67 billion, a P/E ratio of 119.95 and a beta of 0.98. The firm’s 50 day simple moving average is $114.84 and its two-hundred day simple moving average is $96.83.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Friday, February 13th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.07. The firm had revenue of $874.57 million during the quarter, compared to analysts’ expectations of $782.13 million. Cameco had a net margin of 17.00% and a return on equity of 9.35%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.36 earnings per share. Research analysts expect that Cameco will post 1.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Cameco

Several institutional investors have recently bought and sold shares of the business. SHP Wealth Management purchased a new position in shares of Cameco in the 4th quarter worth $353,000. Tobam raised its position in shares of Cameco by 1,126.9% during the 4th quarter. Tobam now owns 5,521 shares of the basic materials company’s stock valued at $505,000 after buying an additional 5,071 shares in the last quarter. Groupama Asset Managment lifted its holdings in shares of Cameco by 5.9% in the 4th quarter. Groupama Asset Managment now owns 1,928 shares of the basic materials company’s stock valued at $176,000 after acquiring an additional 108 shares during the last quarter. Walser Wealth Management Company A Ltd Liability Co bought a new position in shares of Cameco in the 4th quarter valued at about $330,000. Finally, Copos Capital S.a r.l. purchased a new position in Cameco in the fourth quarter worth about $35,000. Institutional investors own 70.21% of the company’s stock.

Cameco Company Profile

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.