Cameco Corporation (NYSE:CCJ) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $153.1333.

A number of equities research analysts recently issued reports on the company. Weiss Ratings cut Cameco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. TD Securities lowered Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Royal Bank Of Canada lifted their target price on Cameco from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. Canadian Imperial Bank of Commerce lifted their target price on Cameco to $202.00 in a report on Monday, March 9th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $131.00 target price on shares of Cameco in a report on Wednesday, February 4th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CCJ. Bison Wealth LLC grew its holdings in Cameco by 16.1% during the 4th quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company’s stock valued at $1,102,000 after buying an additional 2,975 shares in the last quarter. AQR Capital Management LLC grew its holdings in Cameco by 16.6% during the 1st quarter. AQR Capital Management LLC now owns 9,547 shares of the basic materials company’s stock valued at $393,000 after buying an additional 1,361 shares in the last quarter. Integrated Wealth Concepts LLC grew its holdings in Cameco by 48.7% during the 1st quarter. Integrated Wealth Concepts LLC now owns 8,485 shares of the basic materials company’s stock valued at $349,000 after buying an additional 2,780 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Cameco by 11.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 604,841 shares of the basic materials company’s stock worth $24,895,000 after purchasing an additional 64,512 shares in the last quarter. Finally, NewGen Equity Long Short Fund purchased a new position in shares of Cameco during the second quarter worth about $14,252,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Trading Down 4.4%

Shares of Cameco stock opened at $107.58 on Friday. Cameco has a 52-week low of $50.03 and a 52-week high of $135.24. The stock’s 50-day simple moving average is $114.26 and its 200 day simple moving average is $107.07. The stock has a market capitalization of $46.85 billion, a P/E ratio of 99.61, a P/E/G ratio of 1.81 and a beta of 1.04. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.09 and a current ratio of 3.08.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data 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 return on equity of 11.05% and a net margin of 18.38%.The business had revenue of $607.49 million for the quarter, compared to analysts’ expectations of $598.63 million. During the same period in the previous year, the business posted $0.16 EPS. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. As a group, research analysts anticipate that Cameco will post 1.32 EPS for the current year.

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.