Glj Research Increases Cameco (NYSE:CCJ) Price Target to $75.68

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO had its price objective boosted by Glj Research from $62.76 to $75.68 in a research report issued on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the basic materials company's stock. Glj Research's price objective suggests a potential upside of 78.34% from the stock's previous close.

CCJ has been the topic of a number of other research reports. Stifel Nicolaus initiated coverage on shares of Cameco in a research note on Wednesday. They issued a "buy" rating on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $90.00 price objective on shares of Cameco in a research report on Tuesday, March 4th. Finally, StockNews.com cut Cameco from a "hold" rating to a "sell" rating in a report on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, seven have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Cameco currently has a consensus rating of "Buy" and a consensus target price of $73.64.

Cameco Trading Up 1.5 %

Cameco stock traded up $0.63 during mid-day trading on Wednesday, hitting $42.44. The stock had a trading volume of 3,950,746 shares, compared to its average volume of 4,102,019. 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 stock has a market capitalization of $18.47 billion, a PE ratio of 151.55 and a beta of 1.04. The stock has a 50-day simple moving average of $47.80 and a two-hundred day simple moving average of $50.03.

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Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, meeting analysts' consensus estimates of $0.26. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The company had revenue of $845.54 million during the quarter, compared to analysts' expectations of $1.09 billion. As a group, sell-side analysts forecast that Cameco will post 1.27 EPS for the current year.

Hedge Funds Weigh In On Cameco

Hedge funds and other institutional investors have recently made changes to their positions in the company. Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of Cameco during the 4th quarter worth about $4,839,000. Copia Wealth Management bought a new stake in Cameco in the fourth quarter valued at approximately $39,000. Polar Asset Management Partners Inc. lifted its position in shares of Cameco by 337.2% in the fourth quarter. Polar Asset Management Partners Inc. now owns 98,376 shares of the basic materials company's stock valued at $5,055,000 after buying an additional 75,876 shares during the last quarter. Hall Capital Management Co. Inc. bought a new position in shares of Cameco during the 4th quarter worth approximately $204,000. Finally, Ameriflex Group Inc. acquired a new position in shares of Cameco during the 4th quarter worth approximately $40,000. 70.21% of the stock is 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.