Cameco (NYSE:CCJ) Upgraded to Hold at StockNews.com

Cameco (NYSE:CCJ) (TSE:CCO) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

CCJ has been the subject of several other reports. Sanford C. Bernstein began coverage on shares of Cameco in a research report on Tuesday, April 1st. They issued an “outperform” rating and a $52.00 price objective for the company. Stifel Canada upgraded Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Desjardins started coverage on Cameco in a report on Friday, April 4th. They set a “buy” rating on the stock. Glj Research upped their target price on Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a report on Wednesday, March 12th. Finally, Royal Bank of Canada restated an “outperform” rating and set 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 hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $70.03.

Cameco Trading Down 1.2 %

Cameco stock traded down $0.50 during midday trading on Tuesday, reaching $40.81. The stock had a trading volume of 2,416,032 shares, compared to its average volume of 4,096,136. Cameco has a 52-week low of $35.00 and a 52-week high of $62.55. The company has a fifty day moving average of $43.21 and a 200 day moving average of $49.90. The firm has a market cap of $17.76 billion, a price-to-earnings ratio of 145.74 and a beta of 1.04. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20.

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

Hedge Funds Weigh In On Cameco

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sierra Ocean LLC acquired a new position in shares of Cameco during the fourth quarter worth $25,000. Hurley Capital LLC acquired a new stake in Cameco in the fourth quarter worth about $27,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Cameco during the fourth quarter worth about $28,000. Whipplewood Advisors LLC acquired a new position in shares of Cameco during the fourth quarter valued at about $33,000. Finally, Compass Planning Associates Inc acquired a new stake in Cameco in the 4th quarter worth approximately $36,000. Hedge funds and other 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.