Cameco Co. (NYSE:CCJ) Given Consensus Rating of “Buy” by Analysts

Cameco Co. (NYSE:CCJ) (TSE:CCO) has been given a consensus recommendation of “Buy” by the twelve ratings firms that are covering the firm, Marketbeat Ratings reports. Nine research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $70.03.

A number of analysts have issued reports on the company. Stifel Nicolaus assumed coverage on Cameco in a research report on Wednesday, March 12th. They issued a “buy” rating for the company. Stifel Canada raised Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th. Glj Research raised their target price on Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research report on Wednesday, March 12th. Desjardins began coverage on Cameco in a research report on Friday, April 4th. They issued a “buy” rating for the company. Finally, Sanford C. Bernstein began coverage on Cameco in a research report on Tuesday, April 1st. They issued an “outperform” rating and a $52.00 price target for the company.

Institutional Investors Weigh In On Cameco

Several hedge funds have recently added to or reduced their stakes in the company. Sierra Ocean LLC bought a new stake in shares of Cameco in the 4th quarter valued at about $25,000. Manchester Capital Management LLC lifted its stake in shares of Cameco by 100.0% in the 1st quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 300 shares during the last quarter. Hurley Capital LLC bought a new stake in shares of Cameco in the 4th quarter valued at about $27,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Cameco in the 4th quarter valued at about $28,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of Cameco in the 4th quarter valued at about $33,000. Institutional investors own 70.21% of the company’s stock.

Cameco Stock Performance

Shares of Cameco stock opened at $50.76 on Wednesday. The business’s fifty day simple moving average is $42.74 and its 200 day simple moving average is $48.90. The firm has a market capitalization of $22.10 billion, a P/E ratio of 181.29 and a beta of 0.89. Cameco has a 12 month low of $35.00 and a 12 month high of $62.55. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). The business had revenue of $549.58 million for the quarter, compared to the consensus estimate of $890.07 million. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The business’s revenue was up 24.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.13 earnings per share. As a group, analysts anticipate that Cameco will post 1.27 EPS for the current year.

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.