Analysts Set Cameco Co. (NYSE:CCJ) Target Price at $73.64

Shares of Cameco Co. (NYSE:CCJ - Get Free Report) TSE: CCO have been given a consensus rating of "Buy" by the ten analysts that are covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $73.64.

Several brokerages have recently issued reports on CCJ. Glj Research raised their price objective on shares of Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research note on Wednesday, March 12th. Stifel Nicolaus assumed coverage on shares of Cameco in a report on Wednesday, March 12th. They set a "buy" rating on the stock. Royal Bank of Canada reiterated an "outperform" rating and issued a $90.00 target price on shares of Cameco in a research note on Tuesday, March 4th. Stifel Canada upgraded Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. Finally, StockNews.com upgraded Cameco from a "sell" rating to a "hold" rating in a research note on Wednesday.

Hedge Funds Weigh In On Cameco

Institutional investors have recently bought and sold shares of the business. Sierra Ocean LLC acquired a new stake in shares of Cameco in the fourth quarter valued at $25,000. Hurley Capital LLC bought a new position in shares of Cameco in the fourth quarter worth about $27,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Cameco during the fourth quarter worth approximately $28,000. Whipplewood Advisors LLC bought a new stake in shares of Cameco during the fourth quarter valued at approximately $33,000. Finally, Pingora Partners LLC acquired a new stake in shares of Cameco in the third quarter valued at approximately $33,000. Institutional investors own 70.21% of the company's stock.

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Cameco Stock Performance

CCJ traded down $0.24 during trading on Tuesday, hitting $44.62. The stock had a trading volume of 2,989,871 shares, compared to its average volume of 4,086,368. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. Cameco has a 12 month low of $35.43 and a 12 month high of $62.55. The company has a 50 day simple moving average of $47.13 and a 200-day simple moving average of $49.99. The firm has a market cap of $19.42 billion, a PE ratio of 159.34 and a beta of 1.04.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, hitting analysts' consensus estimates of $0.26. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The business had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion. Analysts expect that Cameco will post 1.27 EPS for the current 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.