Cameco Co. (NYSE:CCJ) Receives $25.50 Average Target Price from Brokerages

Shares of Cameco Co. (NYSE:CCJ – Get Free Report) (TSE:CCO) have been assigned an average recommendation of “Buy” from the five analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $31.60.

A number of research analysts recently issued reports on the stock. StockNews.com started coverage on shares of Cameco in a research report on Thursday, August 17th. They set a “sell” rating for the company. Bank of America lifted their target price on shares of Cameco from C$50.00 to C$59.00 and gave the company a “buy” rating in a report on Tuesday. TD Securities upped their price target on Cameco from C$51.00 to C$55.00 and gave the stock an “action list buy” rating in a research note on Thursday, August 3rd. Canaccord Genuity Group lifted their price target on Cameco from $49.50 to $56.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Scotiabank cut their price objective on shares of Cameco from C$50.00 to C$49.00 in a research report on Wednesday, June 28th.

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Hedge Funds Weigh In On Cameco

A number of institutional investors and hedge funds have recently modified their holdings of CCJ. Clearview Wealth Advisors LLC bought a new stake in Cameco during the first quarter valued at approximately $25,000. Global Retirement Partners LLC raised 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 worth $32,000 after purchasing an additional 900 shares during the period. Tyler Stone Wealth Management bought a new stake in Cameco during the second quarter valued at about $32,000. Ahrens Investment Partners LLC purchased a new stake in Cameco in the first quarter worth about $37,000. Finally, 1832 Asset Management L.P. raised its stake in shares of Cameco by 61.9% in the first quarter. 1832 Asset Management L.P. now owns 1,700 shares of the basic materials company’s stock worth $49,000 after buying an additional 650 shares during the period. 66.57% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Stock Performance

Shares of CCJ stock opened at $37.10 on Tuesday. The firm has a market capitalization of $16.08 billion, a price-to-earnings ratio of 247.33, a PEG ratio of 0.86 and a beta of 1.00. The stock has a fifty day moving average of $33.90 and a 200 day moving average of $29.70. Cameco has a 52 week low of $21.02 and a 52 week high of $37.88. The company has a quick ratio of 3.00, a current ratio of 3.64 and a debt-to-equity ratio of 0.08.

Cameco (NYSE:CCJ – Get Free Report) (TSE:CCO) last issued its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.17). The firm had revenue of $482.00 million during the quarter, compared to analysts’ expectations of $636.37 million. Cameco had a return on equity of 2.74% and a net margin of 4.67%. Cameco’s revenue for the quarter was down 13.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.14 earnings per share. As a group, research analysts expect that Cameco will post 0.75 earnings per share for the current year.

Cameco Company Profile

(Get Free Report

Cameco Corporation provides uranium for the generation of electricity. It operates through two segments, Uranium and Fuel Services. 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.

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