Cameco (NYSE:CCJ) Downgraded by StockNews.com

Cameco (NYSE:CCJGet Free Report) (TSE:CCO) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.

Other equities analysts have also recently issued research reports about the company. Cantor Fitzgerald cut Cameco from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 19th. TheStreet raised Cameco from a “c” rating to a “b-” rating in a research note on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Cameco has an average rating of “Moderate Buy” and a consensus price target of $65.33.

View Our Latest Report on Cameco

Cameco Stock Performance

CCJ stock traded down $0.41 during trading on Monday, hitting $43.65. The company had a trading volume of 4,657,793 shares, compared to its average volume of 5,957,477. The firm has a market cap of $18.95 billion, a PE ratio of 72.75 and a beta of 0.96. Cameco has a 1-year low of $23.69 and a 1-year high of $51.33. The firm has a 50-day moving average price of $45.63 and a 200-day moving average price of $41.14. The company has a quick ratio of 0.97, a current ratio of 1.55 and a debt-to-equity ratio of 0.21.

Institutional Investors Weigh In On Cameco

A number of institutional investors and hedge funds have recently bought and sold shares of CCJ. Capital World Investors lifted its stake in shares of Cameco by 402.0% during the 1st quarter. Capital World Investors now owns 10,131,797 shares of the basic materials company’s stock worth $295,084,000 after purchasing an additional 8,113,385 shares during the period. FMR LLC raised its position in shares of Cameco by 21.6% in the 3rd quarter. FMR LLC now owns 27,418,564 shares of the basic materials company’s stock worth $1,087,629,000 after buying an additional 4,865,085 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Cameco by 37.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,068,688 shares of the basic materials company’s stock worth $497,555,000 after buying an additional 4,644,453 shares during the period. Norges Bank purchased a new position in shares of Cameco in the 4th quarter worth $72,843,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Cameco by 74.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,730,858 shares of the basic materials company’s stock worth $227,365,000 after buying an additional 2,442,190 shares during the period. Hedge funds and other institutional investors own 66.57% of the company’s stock.

Cameco Company Profile

(Get Free Report)

Cameco Corp. engages in the provision of uranium. It operates through the Uranium and Fuel Services segments. The Uranium segment is involved in the exploration for, mining, milling, purchase, and sale of uranium concentrate. The Fuel Services segment deals with the refining, conversion, and fabrication of uranium concentrate and the purchase and sale of conversion services.

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