Stifel Nicolaus Begins Coverage on Cameco (NYSE:CCJ)

Stifel Nicolaus initiated coverage on shares of Cameco (NYSE:CCJ) (TSE:CCO) in a research report issued to clients and investors on Wednesday,Briefing.com Automated Import reports. The firm set a “buy” rating on the basic materials company’s stock.

Other analysts have also recently issued research reports about the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $90.00 price target on shares of Cameco in a report on Tuesday, March 4th. StockNews.com lowered Cameco from a “hold” rating to a “sell” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $71.25.

Cameco Price Performance

Shares of CCJ stock opened at $41.70 on Wednesday. The business has a fifty day simple moving average of $48.40 and a 200 day simple moving average of $50.01. The company has a market cap of $18.15 billion, a P/E ratio of 148.91 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 has a twelve month low of $35.43 and a twelve month high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, hitting analysts’ consensus estimates of $0.26. The firm had revenue of $845.54 million during the quarter, compared to analysts’ expectations of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. On average, sell-side analysts forecast that Cameco will post 1.27 EPS for the current fiscal year.

Institutional Trading of Cameco

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC grew its position in shares of Cameco by 8.7% in the 4th quarter. FMR LLC now owns 22,639,647 shares of the basic materials company’s stock valued at $1,163,942,000 after buying an additional 1,811,876 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Cameco by 1.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,846,044 shares of the basic materials company’s stock worth $865,729,000 after acquiring an additional 190,337 shares during the period. Vanguard Group Inc. boosted its holdings in Cameco by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 16,784,270 shares of the basic materials company’s stock valued at $862,997,000 after acquiring an additional 270,102 shares during the last quarter. Alliancebernstein L.P. increased its position in Cameco by 13.5% during the 4th quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company’s stock valued at $518,443,000 after purchasing an additional 1,196,336 shares during the period. Finally, CIBC Asset Management Inc raised its holdings in Cameco by 58.0% during the 3rd quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock worth $181,382,000 after purchasing an additional 1,386,639 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

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.