Brokerages Set Cameco Co. (NYSE:CCJ) PT at $45.70

Cameco Co. (NYSE:CCJ - Get Free Report) TSE: CCO has been assigned an average recommendation of "Buy" from the five ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $45.70.

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group increased their price objective on shares of Cameco from $56.00 to $62.00 and gave the stock a "buy" rating in a research note on Friday, June 7th. Bank of America increased their price objective on shares of Cameco from $59.00 to $60.50 and gave the stock a "buy" rating in a research note on Wednesday, June 26th. Finally, StockNews.com cut shares of Cameco from a "hold" rating to a "sell" rating in a research note on Thursday, April 4th.

Institutional Investors Weigh In On Cameco

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Cameco by 1.3% in the first quarter. Vanguard Group Inc. now owns 15,911,954 shares of the basic materials company's stock valued at $689,306,000 after purchasing an additional 200,871 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Cameco by 2.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,711,154 shares of the basic materials company's stock valued at $593,967,000 after purchasing an additional 288,400 shares in the last quarter. Capital World Investors grew its holdings in shares of Cameco by 1.6% in the first quarter. Capital World Investors now owns 13,708,235 shares of the basic materials company's stock valued at $593,524,000 after purchasing an additional 215,741 shares in the last quarter. Morgan Stanley grew its holdings in shares of Cameco by 5.8% in the third quarter. Morgan Stanley now owns 7,752,258 shares of the basic materials company's stock valued at $307,300,000 after purchasing an additional 428,310 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Cameco by 3.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,514,500 shares of the basic materials company's stock valued at $282,210,000 after purchasing an additional 202,157 shares in the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Trading Up 2.1 %

NYSE:CCJ traded up $1.01 during midday trading on Monday, reaching $50.21. 2,098,791 shares of the stock traded hands, compared to its average volume of 4,486,918. The company has a fifty day moving average of $51.47 and a 200 day moving average of $47.07. Cameco has a 12 month low of $29.17 and a 12 month high of $56.24. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.69 and a current ratio of 1.42. The stock has a market capitalization of $21.85 billion, a P/E ratio of 128.74 and a beta of 0.91.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.23). The firm had revenue of $470.29 million during the quarter. Cameco had a return on equity of 4.60% and a net margin of 9.28%. On average, research analysts predict that Cameco will post 1.35 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.