Cameco (NYSE:CCJ) Raised to “Overweight” at Cantor Fitzgerald

Cameco (NYSE:CCJ) (TSE:CCO) was upgraded by equities researchers at Cantor Fitzgerald from a “neutral” rating to an “overweight” rating in a report released on Wednesday, Briefing.com reports.

Several other research firms have also recently commented on CCJ. StockNews.com cut Cameco from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. Bank of America raised their price objective on Cameco from $59.00 to $60.50 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. Finally, The Goldman Sachs Group increased their target price on shares of Cameco from $56.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, June 7th. One research analyst has rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.70.

Cameco Trading Up 0.5 %

Cameco stock traded up $0.21 during trading hours on Wednesday, reaching $44.49. The stock had a trading volume of 3,605,686 shares, compared to its average volume of 4,294,694. The stock has a market cap of $19.36 billion, a PE ratio of 114.08 and a beta of 0.91. The company has a fifty day simple moving average of $50.92 and a 200-day simple moving average of $47.77. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.42 and a quick ratio of 0.69. Cameco has a 52 week low of $31.58 and a 52 week high of $56.24.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.23). Cameco had a return on equity of 4.60% and a net margin of 9.28%. The business had revenue of $470.29 million during the quarter. Analysts forecast that Cameco will post 1.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Cameco

Large investors have recently added to or reduced their stakes in the company. Venturi Wealth Management LLC grew its stake in Cameco by 235.3% during the 1st quarter. Venturi Wealth Management LLC now owns 570 shares of the basic materials company’s stock worth $25,000 after buying an additional 400 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of Cameco during the first quarter worth about $26,000. Principal Securities Inc. acquired a new stake in Cameco during the 4th quarter valued at approximately $29,000. Sandy Spring Bank purchased a new stake in shares of Cameco in the 4th quarter valued at $43,000. Finally, Lindbrook Capital LLC boosted its holdings in Cameco by 26.0% in the first quarter. Lindbrook Capital LLC now owns 1,070 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 221 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors.

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.