Cameco (NYSE:CCJ) Earns Sell Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Cameco (NYSE:CCJ – Get Rating) (TSE:CCO) in a research report report published on Thursday morning. The brokerage issued a sell rating on the basic materials company’s stock.

A number of other research firms have also recently commented on CCJ. TD Securities upgraded shares of Cameco to a buy rating in a report on Friday, February 10th. Scotiabank upped their price target on shares of Cameco from C$43.00 to C$50.00 in a report on Friday, February 10th. Finally, Raymond James upped their price target on shares of Cameco from C$45.00 to C$48.00 in a report on Friday, February 10th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $45.14.

Cameco Trading Up 1.3 %

Shares of CCJ opened at $24.94 on Thursday. Cameco has a twelve month low of $20.01 and a twelve month high of $32.49. The company has a market cap of $10.80 billion, a P/E ratio of 146.71 and a beta of 0.95. The company has a current ratio of 5.92, a quick ratio of 4.74 and a debt-to-equity ratio of 0.17. The company’s fifty day simple moving average is $26.97 and its 200-day simple moving average is $25.47.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. grew its holdings in Cameco by 37.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,068,688 shares of the basic materials company’s stock worth $497,555,000 after acquiring an additional 4,644,453 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Cameco by 3.4% during the third quarter. Vanguard Group Inc. now owns 13,470,408 shares of the basic materials company’s stock valued at $357,100,000 after buying an additional 441,552 shares during the last quarter. William Blair Investment Management LLC lifted its position in shares of Cameco by 9.8% during the fourth quarter. William Blair Investment Management LLC now owns 11,205,706 shares of the basic materials company’s stock valued at $254,033,000 after buying an additional 997,313 shares during the last quarter. Capital World Investors lifted its position in shares of Cameco by 402.0% during the first quarter. Capital World Investors now owns 10,131,797 shares of the basic materials company’s stock valued at $295,084,000 after buying an additional 8,113,385 shares during the last quarter. Finally, FMR LLC lifted its position in shares of Cameco by 360.1% during the second quarter. FMR LLC now owns 8,186,417 shares of the basic materials company’s stock valued at $172,088,000 after buying an additional 6,407,271 shares during the last quarter. 53.82% of the stock is currently owned by institutional investors.

Cameco Company Profile

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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.