Cameco (NYSE:CCJ) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of Cameco (NYSE:CCJ) (TSE:CCO) from a hold rating to a buy rating in a research note released on Friday.

Other research analysts also recently issued reports about the company. BMO Capital Markets restated an “outperform” rating on shares of Cameco in a report on Friday, August 29th. Raymond James Financial restated an “outperform” rating on shares of Cameco in a report on Tuesday, September 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Cameco in a report on Saturday, September 27th. Glj Research restated a “buy” rating and set a $75.27 price objective on shares of Cameco in a report on Thursday, June 12th. Finally, UBS Group set a $102.00 price target on Cameco in a report on Tuesday, September 9th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $89.55.

Cameco Price Performance

Shares of CCJ stock opened at $84.33 on Friday. Cameco has a 52-week low of $35.00 and a 52-week high of $89.13. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.00 and a current ratio of 2.96. The firm has a market capitalization of $36.72 billion, a P/E ratio of 96.93 and a beta of 0.99. The stock has a 50 day moving average price of $78.70 and a 200 day moving average price of $64.22.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.22. Cameco had a return on equity of 8.21% and a net margin of 14.97%.The firm had revenue of $467.72 million during the quarter, compared to analyst estimates of $819.79 million. During the same period last year, the company earned $0.14 EPS. Cameco’s quarterly revenue was up 46.7% compared to the same quarter last year. Cameco has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict 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 company. Trust Co. of Vermont lifted its position in Cameco by 1,029.4% during the 2nd quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 350 shares during the period. Hilltop National Bank acquired a new position in shares of Cameco in the 2nd quarter valued at about $30,000. Atticus Wealth Management LLC acquired a new position in shares of Cameco in the 2nd quarter valued at about $34,000. VSM Wealth Advisory LLC acquired a new position in shares of Cameco in the 2nd quarter valued at about $35,000. Finally, Creative Financial Designs Inc. ADV lifted its holdings in shares of Cameco by 936.2% in the 2nd 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 during the period. Institutional investors and hedge funds 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.