Cameco Corporation (NYSE:CCJ) Receives Average Recommendation of “Buy” from Brokerages

Shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) have been assigned a consensus recommendation of “Buy” from the sixteen research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $89.5450.

A number of research analysts have commented on the company. Wall Street Zen raised Cameco from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. President Capital raised Cameco from a “neutral” rating to a “buy” rating in a research report on Monday, September 22nd. CLSA assumed coverage on Cameco in a research report on Tuesday, September 9th. They set an “outperform” rating and a $102.00 price target for the company. Royal Bank Of Canada upped their target price on Cameco from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Cameco in a report on Friday, October 10th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. QRG Capital Management Inc. purchased a new position in shares of Cameco during the 3rd quarter worth approximately $232,000. Evergreen Capital Management LLC grew its holdings in shares of Cameco by 4.0% during the 3rd quarter. Evergreen Capital Management LLC now owns 8,009 shares of the basic materials company’s stock worth $672,000 after acquiring an additional 308 shares during the period. NBT Bank N A NY grew its holdings in shares of Cameco by 21.0% during the 3rd quarter. NBT Bank N A NY now owns 3,067 shares of the basic materials company’s stock worth $257,000 after acquiring an additional 533 shares during the period. Leavell Investment Management Inc. grew its holdings in shares of Cameco by 1.3% during the 3rd quarter. Leavell Investment Management Inc. now owns 54,580 shares of the basic materials company’s stock worth $4,577,000 after acquiring an additional 675 shares during the period. Finally, Nations Financial Group Inc. IA ADV grew its holdings in shares of Cameco by 5.0% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 24,206 shares of the basic materials company’s stock worth $2,030,000 after acquiring an additional 1,151 shares during the period. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Trading Up 23.4%

CCJ opened at $106.90 on Wednesday. The business has a 50 day simple moving average of $82.94 and a two-hundred day simple moving average of $70.18. The firm has a market capitalization of $46.54 billion, a price-to-earnings ratio of 122.87 and a beta of 0.99. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.96 and a quick ratio of 2.00. Cameco has a one year low of $35.00 and a one year high of $110.16.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.22. The business had revenue of $467.72 million during the quarter, compared to analyst estimates of $819.79 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%.Cameco’s quarterly revenue was up 46.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.14 EPS. Cameco has set its FY 2025 guidance at EPS. Analysts predict that Cameco will post 1.27 EPS for the current year.

Cameco Company Profile

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.