Cameco (NYSE:CCJ) Hits New 1-Year High at $52.36

Cameco Co. (NYSE:CCJ) (TSE:CCO) shares reached a new 52-week high on Friday . The company traded as high as $52.36 and last traded at $52.09, with a volume of 1485570 shares trading hands. The stock had previously closed at $50.47.

Analysts Set New Price Targets

CCJ has been the topic of several recent analyst reports. Cantor Fitzgerald cut Cameco from a “buy” rating to a “neutral” rating in a report on Tuesday, December 19th. StockNews.com cut shares of Cameco from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. Finally, The Goldman Sachs Group started coverage on shares of Cameco in a report on Monday, April 1st. They set a “buy” rating and a $55.00 price target on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $62.75.

Cameco Stock Performance

The stock has a market cap of $21.53 billion, a price-to-earnings ratio of 82.65 and a beta of 0.92. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.97 and a current ratio of 1.55. The stock’s 50-day simple moving average is $43.64 and its two-hundred day simple moving average is $43.26.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.06). Cameco had a return on equity of 5.61% and a net margin of 13.97%. The company had revenue of $620.00 million for the quarter. Analysts forecast that Cameco Co. will post 1.55 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Morgan Stanley grew its stake in Cameco by 5.8% during the third quarter. Morgan Stanley now owns 7,752,258 shares of the basic materials company’s stock worth $307,300,000 after buying an additional 428,310 shares during the last quarter. Guardian Capital LP lifted its position in Cameco by 40.7% in the 3rd quarter. Guardian Capital LP now owns 864,304 shares of the basic materials company’s stock valued at $34,451,000 after acquiring an additional 250,115 shares in the last quarter. Foster Victor Wealth Advisors LLC bought a new stake in Cameco in the 4th quarter valued at $3,956,000. Financial Insights Inc. bought a new stake in Cameco in the 3rd quarter valued at $1,942,000. Finally, Platinum Investment Management Ltd. lifted its position in Cameco by 156.3% in the 3rd quarter. Platinum Investment Management Ltd. now owns 3,089,235 shares of the basic materials company’s stock valued at $122,605,000 after acquiring an additional 1,884,004 shares in the last quarter. Institutional investors own 70.21% of the company’s stock.

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.