Cameco (NYSE:CCJ) Upgraded at StockNews.com

Cameco (NYSE:CCJ) (TSE:CCO) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

Several other analysts also recently commented on CCJ. Stifel Canada upgraded shares of Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. Desjardins assumed coverage on Cameco in a report on Friday, April 4th. They set a “buy” rating on the stock. Sanford C. Bernstein initiated coverage on Cameco in a research note on Tuesday, April 1st. They issued an “outperform” rating and a $52.00 price objective for the company. Stifel Nicolaus began coverage on Cameco in a research note on Wednesday, March 12th. They set a “buy” rating on the stock. Finally, Glj Research upped their price target on Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research note on Wednesday, March 12th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $70.03.

Cameco Stock Performance

NYSE CCJ traded down $0.50 on Tuesday, hitting $40.81. 2,416,032 shares of the company traded hands, compared to its average volume of 4,096,136. The business’s 50 day moving average price is $43.21 and its 200-day moving average price is $49.90. Cameco has a 52-week low of $35.00 and a 52-week high of $62.55. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $17.76 billion, a price-to-earnings ratio of 145.74 and a beta of 1.04.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. The firm had revenue of $845.54 million for the quarter, compared to analysts’ expectations of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. Equities analysts expect that Cameco will post 1.27 earnings per share for the current year.

Institutional Investors Weigh In On Cameco

Large investors have recently bought and sold shares of the business. Sierra Ocean LLC bought a new position in Cameco during the fourth quarter valued at $25,000. Hurley Capital LLC bought a new position in shares of Cameco in the 4th quarter valued at about $27,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Cameco in the fourth quarter worth about $28,000. Whipplewood Advisors LLC bought a new stake in Cameco during the fourth quarter worth approximately $33,000. Finally, Compass Planning Associates Inc purchased a new stake in Cameco during the fourth quarter valued at approximately $36,000. Institutional investors own 70.21% of the company’s stock.

About Cameco

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.