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

Shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) have received a consensus rating of “Moderate Buy” from the sixteen brokerages that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $148.62.

Several research firms have recently issued reports on CCJ. Scotiabank reissued an “outperform” rating and issued a $175.00 price target on shares of Cameco in a research report on Wednesday, May 6th. Barclays began coverage on shares of Cameco in a research report on Thursday, May 21st. They issued an “equal weight” rating and a $108.00 price target on the stock. Weiss Ratings lowered shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Glj Research reissued a “buy” rating and issued a $171.20 price target (up from $100.00) on shares of Cameco in a research report on Wednesday, February 18th. Finally, Canadian Imperial Bank of Commerce boosted their price target on shares of Cameco to $202.00 in a research report on Monday, March 9th.

Cameco Stock Performance

Shares of CCJ stock opened at $94.94 on Thursday. The firm has a market cap of $41.35 billion, a price-to-earnings ratio of 87.91, a P/E/G ratio of 1.73 and a beta of 0.99. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.09 and a current ratio of 3.08. Cameco has a 52 week low of $64.19 and a 52 week high of $135.24. The firm’s 50-day simple moving average is $113.52 and its two-hundred day simple moving average is $109.01.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.29 by $0.05. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The business had revenue of $607.49 million for the quarter, compared to analyst estimates of $598.63 million. During the same quarter in the previous year, the firm posted $0.16 earnings per share. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, equities analysts forecast that Cameco will post 1.31 earnings per share for the current year.

Institutional Trading of Cameco

Several hedge funds and other institutional investors have recently modified their holdings of the business. Rathbones Group PLC raised its position in shares of Cameco by 5.3% in the first quarter. Rathbones Group PLC now owns 589,998 shares of the basic materials company’s stock valued at $63,967,000 after purchasing an additional 29,748 shares during the period. Parallel Advisors LLC raised its position in shares of Cameco by 2.7% in the first quarter. Parallel Advisors LLC now owns 10,202 shares of the basic materials company’s stock valued at $1,108,000 after purchasing an additional 270 shares during the period. Vestor Capital LLC bought a new stake in Cameco during the 1st quarter worth approximately $42,000. BankChampaign National Association bought a new stake in Cameco during the 1st quarter worth approximately $530,000. Finally, Groupe la Francaise increased its holdings in Cameco by 688.9% during the 1st quarter. Groupe la Francaise now owns 20,235 shares of the basic materials company’s stock worth $2,197,000 after acquiring an additional 17,670 shares during the period. Institutional investors 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.