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

Posted by on Jun 6th, 2023

Cameco (NYSE:CCJ – Get Rating) (TSE:CCO) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Tuesday.

Other equities analysts have also recently issued reports about the stock. Scotiabank boosted their price objective on shares of Cameco from C$43.00 to C$50.00 in a research note on Friday, February 10th. TD Securities upped their price target on shares of Cameco from C$50.00 to C$51.00 in a research note on Monday, May 1st. Finally, Raymond James upped their price target on shares of Cameco to C$50.00 in a research note on Monday, May 1st.

Cameco Stock Performance

Shares of CCJ opened at $30.89 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 6.64 and a current ratio of 7.75. The stock has a market capitalization of $13.38 billion, a P/E ratio of 106.52 and a beta of 0.95. The company’s fifty day moving average is $26.88 and its two-hundred day moving average is $25.77. Cameco has a 1 year low of $20.34 and a 1 year high of $31.44.

Institutional Investors Weigh In On Cameco

Large investors have recently added to or reduced their stakes in the business. Clearview Wealth Advisors LLC acquired a new stake in Cameco in the 1st quarter valued at about $25,000. Global Retirement Partners LLC lifted its holdings in Cameco by 291.3% in the 1st quarter. Global Retirement Partners LLC now owns 1,209 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 900 shares in the last quarter. Crewe Advisors LLC lifted its holdings in Cameco by 1,175.8% in the 4th quarter. Crewe Advisors LLC now owns 1,263 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 1,164 shares in the last quarter. Ahrens Investment Partners LLC purchased a new position in Cameco in the 1st quarter valued at about $37,000. Finally, 1832 Asset Management L.P. lifted its holdings in Cameco by 61.9% in the 1st quarter. 1832 Asset Management L.P. now owns 1,700 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 650 shares in the last quarter. 53.82% of the stock is owned by institutional investors and hedge funds.

About Cameco

(Get Rating)

Cameco Corp. engages in the provision of uranium. It operates through the Uranium and Fuel Services segments. The Uranium segment is involved in the exploration for, mining, milling, purchase, and sale of uranium concentrate. The Fuel Services segment deals with the refining, conversion, and fabrication of uranium concentrate and the purchase and sale of conversion services.

Further Reading

Receive News & Ratings for Cameco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cameco and related companies with MarketBeat.com's FREE daily email newsletter.