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

Shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) have been given an average rating of “Moderate Buy” by the fifteen research firms that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $148.62.

Several brokerages have recently issued reports on CCJ. Zacks Research downgraded shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Weiss Ratings downgraded shares of Cameco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. The Goldman Sachs Group restated a “buy” rating and issued a $131.00 price objective on shares of Cameco in a research note on Wednesday, February 4th. Sanford C. Bernstein restated an “outperform” rating and issued a $147.00 price objective on shares of Cameco in a research note on Thursday, February 5th. Finally, Royal Bank Of Canada raised their price objective on shares of Cameco from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th.

Cameco Trading Up 1.4%

Shares of Cameco stock opened at $105.47 on Friday. The company’s fifty day simple moving average is $113.41 and its 200-day simple moving average is $107.20. The company has a market cap of $45.94 billion, a price-to-earnings ratio of 97.66, a PEG ratio of 1.76 and a beta of 1.04. The company has a current ratio of 3.08, a quick ratio of 2.09 and a debt-to-equity ratio of 0.14. Cameco has a 1 year low of $51.70 and a 1 year high of $135.24.

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, topping the consensus estimate of $0.29 by $0.05. The business had revenue of $607.49 million for the quarter, compared to the consensus estimate of $598.63 million. Cameco had a net margin of 18.38% and a return on equity of 11.05%. Cameco’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the company posted $0.16 earnings per share. As a group, sell-side analysts expect that Cameco will post 1.32 EPS for the current year.

Institutional Investors Weigh In On Cameco

A number of institutional investors have recently bought and sold shares of CCJ. Vanguard Group Inc. raised its stake in shares of Cameco by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 18,059,335 shares of the basic materials company’s stock valued at $1,653,639,000 after buying an additional 258,193 shares in the last quarter. Capital World Investors lifted its holdings in shares of Cameco by 0.3% during the 4th quarter. Capital World Investors now owns 13,545,354 shares of the basic materials company’s stock worth $1,240,047,000 after acquiring an additional 41,430 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Cameco by 0.7% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,973,799 shares of the basic materials company’s stock worth $1,089,080,000 after acquiring an additional 85,762 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Cameco by 15.6% during the 4th quarter. Van ECK Associates Corp now owns 6,292,995 shares of the basic materials company’s stock worth $575,771,000 after acquiring an additional 849,188 shares during the period. Finally, Morgan Stanley lifted its holdings in shares of Cameco by 7.0% during the 4th quarter. Morgan Stanley now owns 4,978,333 shares of the basic materials company’s stock worth $455,468,000 after acquiring an additional 323,693 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

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.