Cameco (NYSE:CCJ) Rating Increased to Strong-Buy at Stifel Canada

Stifel Canada upgraded shares of Cameco (NYSE:CCJ) (TSE:CCO) to a strong-buy rating in a report issued on Wednesday morning,Zacks.com reports.

A number of other research firms have also commented on CCJ. Glj Research boosted their price target on shares of Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a research report on Wednesday. Stifel Nicolaus started coverage on shares of Cameco in a report on Wednesday. They set a “buy” rating for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $90.00 price objective on shares of Cameco in a report on Tuesday, March 4th. Finally, StockNews.com downgraded shares of Cameco from a “hold” rating to a “sell” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, seven have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $73.64.

Cameco Stock Up 1.5 %

CCJ opened at $42.44 on Wednesday. The company has a fifty day moving average price of $47.80 and a 200-day moving average price of $49.91. The firm has a market capitalization of $18.47 billion, a P/E ratio of 151.55 and a beta of 1.04. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. Cameco has a one year low of $35.43 and a one year high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. The firm had revenue of $845.54 million during the quarter, compared to analyst estimates of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. Equities research analysts expect that Cameco will post 1.27 earnings per share for the current fiscal year.

Institutional Trading of Cameco

Several hedge funds have recently added to or reduced their stakes in the business. Lansforsakringar Fondforvaltning AB publ bought a new stake in Cameco in the fourth quarter worth $4,839,000. Copia Wealth Management bought a new stake in Cameco in the fourth quarter worth $39,000. Polar Asset Management Partners Inc. lifted its stake in Cameco by 337.2% in the fourth quarter. Polar Asset Management Partners Inc. now owns 98,376 shares of the basic materials company’s stock worth $5,055,000 after purchasing an additional 75,876 shares during the last quarter. Hall Capital Management Co. Inc. bought a new stake in Cameco in the fourth quarter worth $204,000. Finally, Ameriflex Group Inc. bought a new stake in Cameco in the fourth quarter worth $40,000. 70.21% of the stock is owned by institutional investors.

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.