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

Cameco Corporation (NYSE:CCJ) (TSE:CCO) has received an average rating of “Moderate Buy” from the nineteen analysts that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $145.6833.

Several equities research analysts have recently commented on the company. Citigroup restated a “positive” rating on shares of Cameco in a research note on Wednesday, July 15th. Sanford C. Bernstein reissued an “outperform” rating and issued a $135.00 price objective on shares of Cameco in a research note on Monday, June 15th. Wall Street Zen downgraded shares of Cameco from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Bank of America reduced their target price on shares of Cameco from $143.00 to $140.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Finally, Barclays lowered their target price on shares of Cameco from $104.00 to $97.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 4th.

Cameco Stock Down 0.2%

CCJ opened at $102.26 on Tuesday. The business has a 50 day moving average price of $96.12 and a two-hundred day moving average price of $107.24. The company has a quick ratio of 2.10, a current ratio of 3.06 and a debt-to-equity ratio of 0.14. The company has a market cap of $44.54 billion, a PE ratio of 173.32, a P/E/G ratio of 1.75 and a beta of 1.05. Cameco has a 52 week low of $73.20 and a 52 week high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Friday, July 31st. The basic materials company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.13). The company had revenue of $573.06 million during the quarter, compared to analysts’ expectations of $579.60 million. Cameco had a net margin of 10.20% and a return on equity of 7.59%. The company’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 earnings per share. As a group, research analysts anticipate that Cameco will post 1.27 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Mcguire Capital Advisors Inc. purchased a new stake in shares of Cameco during the 4th quarter worth $28,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Cameco by 30,700.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 307 shares during the period. Sterling Capital Management LLC purchased a new position in shares of Cameco in the 1st quarter valued at about $30,000. Sunbelt Securities Inc. increased its holdings in shares of Cameco by 928.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 325 shares in the last quarter. Finally, Brown Lisle Cummings Inc. lifted its stake in shares of Cameco by 3,200.0% in the first quarter. Brown Lisle Cummings Inc. now owns 297 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 288 shares during the period. Hedge funds and other institutional investors own 70.21% of the company’s stock.

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.