Cameco (NYSE:CCJ) Downgraded by StockNews.com to “Sell”

StockNews.com cut shares of Cameco (NYSE:CCJ) (TSE:CCO) from a hold rating to a sell rating in a report issued on Wednesday morning.

A number of other research analysts have also issued reports on CCJ. Glj Research boosted their price objective on Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a research report on Wednesday, March 12th. Sanford C. Bernstein assumed coverage on shares of Cameco in a research report on Tuesday. They set an “outperform” rating and a $52.00 price target for the company. Stifel Nicolaus began coverage on shares of Cameco in a research report on Wednesday, March 12th. They issued a “buy” rating on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $90.00 target price on shares of Cameco in a research report on Tuesday, March 4th. Finally, Stifel Canada raised Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, eight have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $70.03.

Cameco Stock Up 1.7 %

CCJ stock opened at $42.49 on Wednesday. The firm has a market cap of $18.50 billion, a price-to-earnings ratio of 151.75 and a beta of 1.04. Cameco has a 1-year low of $35.43 and a 1-year high of $62.55. The firm has a fifty day moving average price of $45.70 and a two-hundred day moving average price of $50.33. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The firm had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion. Research analysts predict that Cameco will post 1.27 EPS for the current year.

Hedge Funds Weigh In On Cameco

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

About Cameco

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.