Cameco (NYSE:CCJ) Raised to "Hold" at StockNews.com

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO was upgraded by equities researchers at StockNews.com from a "sell" rating to a "hold" rating in a report released on Tuesday.

Several other equities analysts have also issued reports on the company. Glj Research boosted their price objective on Cameco from $62.76 to $75.68 and gave the company a "buy" rating in a research report on Wednesday, March 12th. Sanford C. Bernstein initiated coverage on Cameco in a report on Tuesday, April 1st. They issued an "outperform" rating and a $52.00 price target on the stock. Stifel Nicolaus assumed coverage on Cameco in a research report on Wednesday, March 12th. They issued a "buy" rating on the stock. Stifel Canada raised shares of Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. Finally, Desjardins started coverage on shares of Cameco in a report on Friday, April 4th. They set a "buy" rating for the company. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $70.03.

Cameco Trading Down 0.4 %

NYSE:CCJ traded down $0.16 on Tuesday, hitting $41.12. 2,257,352 shares of the stock were exchanged, compared to its average volume of 4,096,064. The stock has a market capitalization of $17.90 billion, a price-to-earnings ratio of 146.84 and a beta of 1.04. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. Cameco has a 52 week low of $35.00 and a 52 week high of $62.55. The company's 50-day moving average price is $42.67 and its 200 day moving average price is $49.74.

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 (EPS) 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 net margin of 5.39% and a return on equity of 4.34%. On average, equities research analysts forecast that Cameco will post 1.27 earnings per share for the current year.

Institutional Trading of Cameco

Large investors have recently made changes to their positions in the company. Sierra Ocean LLC acquired a new stake in shares of Cameco in the 4th quarter valued at $25,000. Hurley Capital LLC acquired a new stake in Cameco in the fourth quarter valued at about $27,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Cameco in the fourth quarter valued at about $28,000. Whipplewood Advisors LLC acquired a new position in Cameco during the fourth quarter worth about $33,000. Finally, Compass Planning Associates Inc bought a new position in shares of Cameco in the fourth quarter worth about $36,000. Institutional investors and hedge funds 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.