Cameco (NYSE:CCJ) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Cameco (NYSE:CCJ) (TSE:CCO) from a hold rating to a buy rating in a research report released on Friday.

A number of other research analysts also recently commented on the stock. National Bankshares reiterated an “outperform” rating on shares of Cameco in a research note on Friday, August 22nd. Raymond James Financial restated an “outperform” rating on shares of Cameco in a research report on Tuesday, September 2nd. Glj Research restated a “buy” rating and issued a $75.27 price target on shares of Cameco in a research report on Thursday, June 12th. Sanford C. Bernstein set a $70.00 price target on shares of Cameco and gave the stock an “outperform” rating in a research report on Tuesday, June 10th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Cameco in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $89.55.

Cameco Trading Up 0.2%

NYSE CCJ opened at $84.33 on Friday. Cameco has a 12 month low of $35.00 and a 12 month high of $89.13. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.96 and a quick ratio of 2.00. The company has a market capitalization of $36.72 billion, a price-to-earnings ratio of 96.93 and a beta of 0.99. The company’s fifty day moving average price is $78.70 and its two-hundred day moving average price is $64.22.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.22. Cameco had a net margin of 14.97% and a return on equity of 8.21%. The firm had revenue of $467.72 million for the quarter, compared to the consensus estimate of $819.79 million. During the same period in the prior year, the firm posted $0.14 EPS. The firm’s revenue was up 46.7% compared to the same quarter last year. Cameco has set its FY 2025 guidance at EPS. As a group, research analysts predict that Cameco will post 1.27 earnings per share for the current fiscal year.

Institutional Trading of Cameco

Several hedge funds have recently bought and sold shares of the company. Hager Investment Management Services LLC boosted its stake in Cameco by 0.4% during the second quarter. Hager Investment Management Services LLC now owns 30,628 shares of the basic materials company’s stock valued at $2,274,000 after buying an additional 127 shares during the last quarter. Wealth Alliance LLC lifted its stake in shares of Cameco by 1.6% in the 2nd quarter. Wealth Alliance LLC now owns 10,036 shares of the basic materials company’s stock valued at $745,000 after purchasing an additional 154 shares during the last quarter. Colonial Trust Advisors lifted its stake in shares of Cameco by 0.3% in the 2nd quarter. Colonial Trust Advisors now owns 59,753 shares of the basic materials company’s stock valued at $4,435,000 after purchasing an additional 172 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Cameco by 2.4% in the 2nd quarter. Signaturefd LLC now owns 8,119 shares of the basic materials company’s stock valued at $603,000 after purchasing an additional 191 shares during the last quarter. Finally, Keel Point LLC lifted its stake in shares of Cameco by 3.5% in the 2nd quarter. Keel Point LLC now owns 5,646 shares of the basic materials company’s stock valued at $419,000 after purchasing an additional 191 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors.

Cameco Company Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.