Cameco Corporation (NYSE:CCJ) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) have been given an average rating of “Moderate Buy” by the fifteen brokerages that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $150.40.

Several research firms recently commented on CCJ. Weiss Ratings raised shares of Cameco from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. The Goldman Sachs Group restated a “buy” rating and issued a $131.00 target price on shares of Cameco in a research note on Wednesday, February 4th. Canadian Imperial Bank of Commerce raised their target price on shares of Cameco to $202.00 in a research report on Monday, March 9th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $147.00 price target on shares of Cameco in a report on Thursday, February 5th. Finally, Glj Research restated a “buy” rating and set a $171.20 price target (up from $100.00) on shares of Cameco in a research note on Wednesday, February 18th.

Cameco Stock Performance

Cameco stock opened at $111.14 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.47 and a quick ratio of 1.68. Cameco has a 1-year low of $35.00 and a 1-year high of $135.24. The firm has a market capitalization of $48.41 billion, a P/E ratio of 114.58 and a beta of 1.02. The company’s 50-day moving average is $115.76 and its 200 day moving average is $100.49.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Friday, February 13th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.07. Cameco had a return on equity of 9.35% and a net margin of 17.00%.The business had revenue of $874.57 million during the quarter, compared to analyst estimates of $782.13 million. During the same quarter in the previous year, the business earned $0.36 earnings per share. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. Research analysts forecast that Cameco will post 1.27 EPS for the current year.

Hedge Funds Weigh In On Cameco

Institutional investors have recently bought and sold shares of the business. Clearstead Advisors LLC boosted its position in shares of Cameco by 0.8% in the 4th quarter. Clearstead Advisors LLC now owns 10,158 shares of the basic materials company’s stock worth $929,000 after purchasing an additional 85 shares in the last quarter. Legacy Bridge LLC increased its stake in shares of Cameco by 0.9% in the fourth quarter. Legacy Bridge LLC now owns 11,508 shares of the basic materials company’s stock worth $1,053,000 after acquiring an additional 100 shares during the period. Groupama Asset Managment grew its position in Cameco by 5.9% during the 4th quarter. Groupama Asset Managment now owns 1,928 shares of the basic materials company’s stock worth $176,000 after purchasing an additional 108 shares during the period. S.A. Mason LLC lifted its holdings in shares of Cameco by 4.8% in the 4th quarter. S.A. Mason LLC now owns 2,436 shares of the basic materials company’s stock valued at $223,000 after buying an additional 111 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Cameco by 19.9% in the 4th quarter. GAMMA Investing LLC now owns 676 shares of the basic materials company’s stock valued at $62,000 after buying an additional 112 shares during the period. 70.21% of the stock is owned by hedge funds and other institutional investors.

About Cameco

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long?term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.