Cameco Co. (NYSE:CCJ) Given Average Recommendation of “Buy” by Brokerages

Cameco Co. (NYSE:CCJ) (TSE:CCO) has been assigned an average rating of “Buy” from the ten brokerages that are presently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $73.64.

A number of equities research analysts have weighed in on the company. Stifel Nicolaus began coverage on Cameco in a research report on Wednesday, March 12th. They issued a “buy” rating for the company. Stifel Canada raised Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. StockNews.com lowered Cameco from a “hold” rating to a “sell” rating in a report on Tuesday, March 11th. Royal Bank of Canada restated an “outperform” rating and set a $90.00 price objective on shares of Cameco in a research report on Tuesday, March 4th. Finally, Glj Research boosted their target price on shares of Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a report on Wednesday, March 12th.

Cameco Price Performance

Shares of CCJ opened at $43.35 on Tuesday. The firm has a market capitalization of $18.87 billion, a price-to-earnings ratio of 154.81 and a beta of 1.04. The stock’s fifty day moving average is $47.57 and its 200-day moving average is $50.05. Cameco has a one year low of $35.43 and a one year high of $62.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. The firm had revenue of $845.54 million for the quarter, compared to analysts’ expectations of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. Equities analysts anticipate that Cameco will post 1.27 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Sierra Ocean LLC acquired a new position in Cameco in the 4th quarter worth approximately $25,000. Hurley Capital LLC purchased a new stake in shares of Cameco in the fourth quarter valued at $27,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Cameco in the fourth quarter worth $28,000. Whipplewood Advisors LLC purchased a new position in shares of Cameco during the fourth quarter valued at $33,000. Finally, Pingora Partners LLC acquired a new position in Cameco during the third quarter valued at $33,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Company Profile

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.