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

Shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) have received an average rating of “Moderate Buy” from the eighteen research firms that are presently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $148.6833.

CCJ has been the topic of several analyst reports. Citigroup reiterated a “positive” rating on shares of Cameco in a report on Wednesday, July 15th. Truist Financial raised their price objective on shares of Cameco from $129.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Jefferies Financial Group initiated coverage on shares of Cameco in a report on Thursday, September 3rd. They set a “buy” rating and a $138.00 target price on the stock. Wall Street Zen cut shares of Cameco from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Bank of America dropped their price target 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.

Cameco Stock Performance

Shares of Cameco stock opened at $91.81 on Friday. The business’s 50 day moving average price is $94.92 and its 200 day moving average price is $104.86. The company has a market cap of $39.99 billion, a price-to-earnings ratio of 155.61, a PEG ratio of 1.59 and a beta of 1.06. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.10 and a current ratio of 3.06. Cameco has a one year low of $77.70 and a one year high of $135.24.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Sterling Capital Management LLC purchased a new stake in Cameco during the 1st quarter worth about $30,000. Brown Lisle Cummings Inc. grew its position in shares of Cameco by 3,200.0% during the first quarter. Brown Lisle Cummings Inc. now owns 297 shares of the basic materials company’s stock worth $32,000 after buying an additional 288 shares in the last quarter. Western Wealth Management LLC acquired a new position in shares of Cameco during the first quarter worth about $39,000. Copos Capital S.a r.l. purchased a new stake in shares of Cameco during the fourth quarter worth approximately $35,000. Finally, Trust Co. of Vermont purchased a new stake in shares of Cameco during the second quarter worth approximately $39,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

About Cameco

Cameco Corporation is a Canadian uranium company headquartered in Saskatoon, Saskatchewan. Established in 1988 through the merger of Saskatchewan Mining Development Corporation and Eldorado Nuclear Limited, Cameco is one of the world’s largest publicly traded uranium producers.

The company explores, develops and operates uranium mines, primarily in Canada, the United States and Kazakhstan. Its assets include the McArthur River and Cigar Lake operations in northern Saskatchewan, as well as interests in the Inkai operation in Kazakhstan.