Cameco Co. (NYSE:CCJ) Receives Average Recommendation of "Buy" from Analysts

Shares of Cameco Co. (NYSE:CCJ - Get Free Report) TSE: CCO have received an average recommendation of "Buy" from the twelve research firms that are presently covering the stock, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $70.03.

Several brokerages have recently issued reports on CCJ. Stifel Nicolaus started coverage on shares of Cameco in a report on Wednesday, March 12th. They issued a "buy" rating for the company. Sanford C. Bernstein initiated coverage on Cameco in a research report on Tuesday, April 1st. They set an "outperform" rating and a $52.00 price target on the stock. Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. Royal Bank of Canada reissued an "outperform" rating and set a $90.00 price objective on shares of Cameco in a research report on Tuesday, March 4th. Finally, Desjardins started coverage on shares of Cameco in a research note on Friday, April 4th. They set a "buy" rating for the company.

Hedge Funds Weigh In On Cameco

Institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC grew its holdings in Cameco by 465.5% in the 1st quarter. Farther Finance Advisors LLC now owns 16,411 shares of the basic materials company's stock valued at $686,000 after buying an additional 13,509 shares during the period. Park Avenue Securities LLC lifted its stake in shares of Cameco by 58.2% in the 1st quarter. Park Avenue Securities LLC now owns 8,819 shares of the basic materials company's stock valued at $363,000 after purchasing an additional 3,246 shares in the last quarter. Bank of New Hampshire increased its position in Cameco by 1.6% during the 1st quarter. Bank of New Hampshire now owns 40,468 shares of the basic materials company's stock worth $1,666,000 after purchasing an additional 655 shares in the last quarter. Patriot Financial Group Insurance Agency LLC purchased a new stake in Cameco during the first quarter worth approximately $284,000. Finally, Tealwood Asset Management Inc. purchased a new position in shares of Cameco in the 1st quarter valued at $1,116,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

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Cameco Stock Up 0.6 %

Shares of CCJ stock traded up $0.24 during trading hours on Friday, reaching $41.55. 409,570 shares of the stock were exchanged, compared to its average volume of 4,090,979. Cameco has a 12-month low of $35.00 and a 12-month high of $62.55. The business's fifty day moving average is $43.36 and its two-hundred day moving average is $49.97. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The firm has a market capitalization of $18.09 billion, a P/E ratio of 148.28 and a beta of 1.04.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced 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. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The business had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion. As a group, research analysts expect that Cameco will post 1.27 EPS for the current fiscal year.

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.