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

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating in a note issued to investors on Wednesday.

Several other research firms have also weighed in on CCJ. Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. Stifel Nicolaus started coverage on shares of Cameco in a report on Wednesday, March 12th. They issued 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 report on Tuesday, March 4th. Finally, Glj Research increased their target price on shares of Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a report on Wednesday, March 12th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $73.64.

Cameco Trading Down 0.5 %

NYSE CCJ traded down $0.24 during trading hours on Wednesday, hitting $44.62. The company's stock had a trading volume of 2,990,101 shares, compared to its average volume of 4,090,472. The stock has a fifty day moving average of $47.03 and a 200 day moving average of $50.01. Cameco has a twelve month low of $35.43 and a twelve month high of $62.55. The firm has a market capitalization of $19.42 billion, a P/E ratio of 159.34 and a beta of 1.04. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20.

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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 the consensus estimate of $0.26. The business had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. Equities research analysts forecast that Cameco will post 1.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cameco

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sierra Ocean LLC acquired a new stake in Cameco in the 4th 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 bought a new position in shares of Cameco in the 4th quarter valued at about $28,000. Pingora Partners LLC bought a new position in shares of Cameco in the 3rd quarter valued at about $33,000. Finally, Whipplewood Advisors LLC bought a new position in shares of Cameco in the 4th quarter valued at about $33,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

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.