Cameco Co. (NYSE:CCJ) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) have received a consensus recommendation of “Buy” from the ten brokerages that are covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $73.64.

CCJ has been the subject of a number of recent research reports. Stifel Nicolaus assumed coverage on shares of Cameco in a report on Wednesday, March 12th. They issued a “buy” rating on the stock. Glj Research increased their price target on Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a report on Wednesday, March 12th. Royal Bank of Canada restated an “outperform” rating and set a $90.00 price objective on shares of Cameco in a report on Tuesday, March 4th. Stifel Canada upgraded Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. Finally, StockNews.com lowered shares of Cameco from a “hold” rating to a “sell” rating in a research note on Tuesday, March 11th.

Hedge Funds Weigh In On Cameco

A number of large investors have recently bought and sold shares of CCJ. Sierra Ocean LLC acquired a new stake in shares of Cameco during the 4th quarter worth approximately $25,000. Hurley Capital LLC acquired a new stake in Cameco in the fourth quarter worth $27,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Cameco in the fourth quarter worth $28,000. Pingora Partners LLC acquired a new position in shares of Cameco during the third quarter valued at $33,000. Finally, Whipplewood Advisors LLC bought a new position in shares of Cameco during the fourth quarter worth about $33,000. Institutional investors own 70.21% of the company’s stock.

Cameco Price Performance

Cameco stock opened at $43.35 on Tuesday. Cameco has a 1 year low of $35.43 and a 1 year high of $62.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The firm has a 50 day moving average price of $47.57 and a 200 day moving average price of $50.05. The company has a market cap of $18.87 billion, a price-to-earnings ratio of 154.81 and a beta of 1.04.

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