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

Cameco Corporation (NYSE:CCJ) (TSE:CCO) has earned a consensus recommendation of “Moderate Buy” from the nineteen research firms that are covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $146.1833.

Several equities research analysts recently weighed in on CCJ shares. Sanford C. Bernstein restated an “outperform” rating and issued a $135.00 price target on shares of Cameco in a research report on Monday, June 15th. Royal Bank Of Canada lifted their price objective on shares of Cameco from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. Bank of America reduced their target price on shares of Cameco from $143.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Citigroup restated a “positive” rating on shares of Cameco in a research report on Wednesday, July 15th. Finally, Weiss Ratings downgraded shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th.

Institutional Investors Weigh In On Cameco

Several institutional investors have recently modified their holdings of the stock. Bison Wealth LLC raised 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 during the period. AQR Capital Management LLC lifted its position in Cameco by 16.6% in the first quarter. AQR Capital Management LLC now owns 9,547 shares of the basic materials company’s stock worth $393,000 after buying an additional 1,361 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in Cameco by 48.7% during the first quarter. Integrated Wealth Concepts LLC now owns 8,485 shares of the basic materials company’s stock worth $349,000 after buying an additional 2,780 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in 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 valued at $24,895,000 after acquiring an additional 64,512 shares during the last quarter. Finally, NewGen Equity Long Short Fund bought a new position in Cameco during the second quarter valued at $14,252,000. 70.21% of the stock is owned by institutional investors.

Cameco Stock Performance

NYSE:CCJ opened at $88.19 on Friday. The company has a market cap of $38.41 billion, a price-to-earnings ratio of 81.66, a PEG ratio of 1.34 and a beta of 1.02. Cameco has a 1 year low of $68.96 and a 1 year high of $135.24. The stock’s 50 day simple moving average is $99.82 and its two-hundred day simple moving average is $110.08. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.08 and a quick ratio of 2.09.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 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 firm had revenue of $607.49 million during the quarter, compared to the consensus estimate of $598.63 million. During the same period in the prior year, the company earned $0.16 EPS. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. As a group, equities analysts anticipate that Cameco will post 1.34 earnings per share for the current fiscal year.

Cameco Company Profile

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.