Cameco (NYSE:CCJ) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Cameco (NYSE:CCJ) (TSE:CCO) from a buy rating to a hold rating in a research report sent to investors on Monday morning.

CCJ has been the topic of several other research reports. UBS Group set a $102.00 price objective on shares of Cameco in a report on Tuesday, September 9th. Royal Bank Of Canada boosted their price objective on shares of Cameco from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. CLSA assumed coverage on shares of Cameco in a report on Tuesday, September 9th. They set an “outperform” rating and a $102.00 price objective on the stock. Scotiabank restated an “outperform” rating on shares of Cameco in a report on Tuesday, July 8th. Finally, Glj Research restated a “buy” rating and set a $75.27 price objective on shares of Cameco in a report on Thursday, June 12th. Two equities research analysts have rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $89.55.

Cameco Stock Performance

Shares of CCJ opened at $81.85 on Monday. The company has a market capitalization of $35.64 billion, a PE ratio of 94.08 and a beta of 1.04. Cameco has a one year low of $35.00 and a one year high of $86.37. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.96 and a quick ratio of 2.00. The company’s fifty day moving average price is $76.80 and its 200 day moving average price is $60.70.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Thursday, July 31st. The basic materials company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.29 by $0.22. Cameco had a net margin of 14.97% and a return on equity of 8.21%. The firm had revenue of $467.72 million for the quarter, compared to the consensus estimate of $819.79 million. During the same quarter last year, the firm posted $0.14 EPS. The business’s quarterly revenue was up 46.7% on a year-over-year basis. Cameco has set its FY 2025 guidance at EPS. As a group, analysts expect that Cameco will post 1.27 earnings per share for the current year.

Institutional Trading of Cameco

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Trust Co. of Vermont increased its stake in Cameco by 1,029.4% in the second quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 350 shares during the period. Hilltop National Bank acquired a new position in Cameco in the second quarter valued at about $30,000. Atticus Wealth Management LLC acquired a new position in Cameco in the second quarter valued at about $34,000. VSM Wealth Advisory LLC acquired a new position in Cameco in the second quarter valued at about $35,000. Finally, Creative Financial Designs Inc. ADV boosted its position in Cameco by 936.2% in the second quarter. Creative Financial Designs Inc. ADV now owns 487 shares of the basic materials company’s stock valued at $36,000 after buying an additional 440 shares in the last quarter. 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.