Cameco Corporation (NYSE:CCJ) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) have earned a consensus recommendation of “Moderate Buy” from the seventeen research firms that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $148.1091.

A number of brokerages recently weighed in on CCJ. Bank of America lowered their price objective on shares of Cameco from $143.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday. Weiss Ratings lowered shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. TD Securities cut Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Barclays assumed coverage on Cameco in a research note on Thursday, May 21st. They issued an “equal weight” rating and a $108.00 price target on the stock. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $135.00 price objective on shares of Cameco in a report on Monday, June 15th.

Cameco Price Performance

Shares of NYSE:CCJ opened at $96.06 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.09 and a current ratio of 3.08. The firm has a market cap of $41.84 billion, a price-to-earnings ratio of 88.94, a price-to-earnings-growth ratio of 1.69 and a beta of 1.02. The business has a 50-day simple moving average of $106.85 and a two-hundred day simple moving average of $110.94. Cameco has a fifty-two week low of $68.96 and a fifty-two week high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The firm had revenue of $607.49 million for the quarter, compared to the consensus estimate of $598.63 million. During the same quarter last year, the firm posted $0.16 EPS. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, analysts expect that Cameco will post 1.2 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC bought a new position in shares of Cameco in the 4th quarter worth approximately $25,000. Founders Capital Management bought a new stake in Cameco during the fourth quarter valued at approximately $27,000. Strategic Advocates LLC purchased a new stake in Cameco during the third quarter valued at approximately $28,000. Mcguire Capital Advisors Inc. purchased a new stake in Cameco during the fourth quarter valued at approximately $28,000. Finally, Caitong International Asset Management Co. Ltd raised its position in Cameco by 30,700.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 307 shares during the period. 70.21% of the stock is owned by hedge funds and other institutional investors.

About Cameco

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long?term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.