Cameco Corporation (NYSE:CCJ) (TSE:CCO)‘s stock had its “outperform” rating restated by equities researchers at Raymond James Financial, Inc. in a note issued to investors on Tuesday.

A number of other brokerages have also issued reports on CCJ. Zacks Investment Research lowered Cameco Corporation from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Credit Suisse Group lowered Cameco Corporation from a “neutral” rating to an “underperform” rating in a research note on Monday, July 17th. Bank of America Corporation lowered Cameco Corporation from a “neutral” rating to an “underperform” rating in a research note on Friday, June 30th. BidaskClub raised Cameco Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, TheStreet raised Cameco Corporation from a “d+” rating to a “c” rating in a research note on Tuesday, August 1st. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $13.07.

Shares of Cameco Corporation (NYSE:CCJ) traded down 1.44% during mid-day trading on Tuesday, reaching $9.57. The company’s stock had a trading volume of 257,427 shares. Cameco Corporation has a 52-week low of $7.41 and a 52-week high of $13.36. The company has a 50-day moving average price of $9.83 and a 200 day moving average price of $10.35. The company’s market cap is $3.79 billion.

Cameco Corporation (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Thursday, July 27th. The basic materials company reported ($0.08) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.03. Cameco Corporation had a positive return on equity of 2.59% and a negative net margin of 0.75%. The firm had revenue of $470 million during the quarter, compared to analysts’ expectations of $383.81 million. During the same quarter in the previous year, the business earned ($0.14) EPS. The company’s quarterly revenue was up .9% on a year-over-year basis. Equities analysts expect that Cameco Corporation will post $0.25 earnings per share for the current year.

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A number of large investors have recently modified their holdings of CCJ. Janney Montgomery Scott LLC purchased a new stake in shares of Cameco Corporation during the first quarter worth $116,000. Gulf International Bank UK Ltd raised its stake in shares of Cameco Corporation by 2.4% in the first quarter. Gulf International Bank UK Ltd now owns 119,035 shares of the basic materials company’s stock worth $1,315,000 after buying an additional 2,800 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new stake in shares of Cameco Corporation during the first quarter worth $819,000. Hansberger Growth Investors LP raised its stake in shares of Cameco Corporation by 9.0% in the first quarter. Hansberger Growth Investors LP now owns 524,646 shares of the basic materials company’s stock worth $5,808,000 after buying an additional 43,393 shares during the period. Finally, Jupiter Asset Management Ltd. raised its stake in shares of Cameco Corporation by 11.7% in the first quarter. Jupiter Asset Management Ltd. now owns 91,513 shares of the basic materials company’s stock worth $1,013,000 after buying an additional 9,600 shares during the period. 56.48% of the stock is owned by institutional investors and hedge funds.

About Cameco Corporation

Cameco Corporation (Cameco) is a uranium producer. The Company is primarily engaged in the exploration for and the development, mining, refining, conversion, fabrication and trading of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. The Company operates through three segments: uranium, fuel services and NUKEM.

Analyst Recommendations for Cameco Corporation (NYSE:CCJ)

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