Cameco (NYSE:CCJ) Upgraded to Strong-Buy at Truist Financial

Truist Financial upgraded shares of Cameco (NYSE:CCJ) (TSE:CCO) to a strong-buy rating in a research report report published on Monday morning,Zacks.com reports.

Other equities research analysts also recently issued reports about the company. Scotiabank reaffirmed an “outperform” rating and set a $175.00 price target on shares of Cameco in a research report on Wednesday, May 6th. Barclays initiated coverage on Cameco in a report on Thursday, May 21st. They issued an “equal weight” rating and a $108.00 price objective for the company. William Blair began coverage on Cameco in a research note on Monday, April 20th. They issued an “outperform” rating on the stock. TD Securities lowered Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $135.00 price target on shares of Cameco in a research report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Cameco currently has a consensus rating of “Moderate Buy” and an average target price of $146.52.

Cameco Stock Performance

CCJ opened at $91.68 on Monday. The company has a current ratio of 3.08, a quick ratio of 2.09 and a debt-to-equity ratio of 0.14. Cameco has a 12-month low of $68.96 and a 12-month high of $135.24. The firm has a 50 day moving average of $105.73 and a two-hundred day moving average of $110.91. The firm has a market capitalization of $39.93 billion, a PE ratio of 84.89, a P/E/G ratio of 1.59 and a beta of 1.02.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.29 by $0.05. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The business had revenue of $607.49 million for the quarter, compared to the consensus estimate of $598.63 million. During the same period in the prior year, the firm earned $0.16 EPS. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, analysts anticipate that Cameco will post 1.2 EPS for the current year.

Hedge Funds Weigh In On Cameco

Institutional investors and hedge funds have recently modified their holdings of the business. Nisa Investment Advisors LLC acquired a new stake in Cameco in the fourth quarter valued at approximately $25,000. Founders Capital Management purchased a new stake in shares of Cameco in the fourth quarter valued at approximately $27,000. Strategic Advocates LLC acquired a new position in shares of Cameco during the 3rd quarter worth approximately $28,000. Mcguire Capital Advisors Inc. acquired a new position in shares of Cameco during the 4th quarter worth approximately $28,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of Cameco by 30,700.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock worth $28,000 after buying an additional 307 shares during the period. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco News Roundup

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: Some analysts remain constructive on Cameco, pointing to strong uranium production, diversification from Westinghouse and Fuel Services, and a high price target that implies meaningful upside. Cameco Q2 Preview: Earnings Could Restart The Nuclear Rally
• Neutral Sentiment: Coverage comparing Cameco with Energy Fuels argued that CCJ is a weaker uranium opportunity today, though the view was based more on relative fundamentals than a fresh company-specific event. UUUU vs. CCJ: Which Uranium Stock Offers the Better Opportunity Today?
• Neutral Sentiment: A Seeking Alpha article also argued that Wall Street may be paying too much for Cameco’s long-term nuclear growth story, adding to the debate around valuation rather than changing the underlying business outlook. Cameco: Wall Street Is Paying Too Much For A Nuclear Dream
• Negative Sentiment: Investor concern increased after Cameco’s temporary Cigar Lake mining suspension, which raised questions about near-term production reliability and helped push the stock lower. Cameco Falls as Investors Weigh Mine Disruption and Softer Uranium Sentiment
• Negative Sentiment: Unusual trading in CCJ put options suggests traders were positioning for more downside, reinforcing the cautious tone around the stock.

Cameco Company Profile

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.