Brokerages Set Cameco Corporation (NYSE:CCJ) PT at $145.68

Shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) have been given an average recommendation of “Moderate Buy” by the eighteen analysts that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $145.6833.

A number of research firms have commented on CCJ. Royal Bank Of Canada boosted their price objective on Cameco from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. Wall Street Zen lowered Cameco from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Weiss Ratings downgraded shares of Cameco from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, August 12th. Barclays decreased their price objective on shares of Cameco from $104.00 to $97.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 4th. Finally, Scotiabank restated an “outperform” rating and issued a $175.00 price objective on shares of Cameco in a research report on Wednesday, May 6th.

Cameco Stock Down 1.3%

Shares of CCJ opened at $98.75 on Tuesday. The company has a market capitalization of $43.01 billion, a P/E ratio of 167.37, a PEG ratio of 1.71 and a beta of 1.05. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.06 and a quick ratio of 2.10. Cameco has a one year low of $73.20 and a one year high of $135.24. The business’s 50 day simple moving average is $95.84 and its 200-day simple moving average is $106.84.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Friday, July 31st. The basic materials company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.13). Cameco had a return on equity of 7.59% and a net margin of 10.20%.The business had revenue of $573.06 million for the quarter, compared to the consensus estimate of $579.60 million. During the same quarter last year, the company earned $0.71 earnings per share. The firm’s revenue was down 6.8% on a year-over-year basis. As a group, sell-side analysts predict that Cameco will post 1.27 EPS for the current fiscal year.

Institutional Trading of Cameco

Several hedge funds have recently modified their holdings of the stock. Temasek Holdings Private Ltd bought a new stake in shares of Cameco during the first quarter worth $70,851,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Cameco by 35.2% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 535,743 shares of the basic materials company’s stock valued at $58,187,000 after acquiring an additional 139,592 shares during the period. WCM Investment Management LLC bought a new position in Cameco in the first quarter valued at about $35,342,000. Amova Asset Management Americas Inc. boosted its holdings in Cameco by 37.7% in the first quarter. Amova Asset Management Americas Inc. now owns 522,864 shares of the basic materials company’s stock valued at $56,788,000 after acquiring an additional 143,113 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in Cameco by 102.3% in the first quarter. Janus Henderson Group PLC now owns 155,427 shares of the basic materials company’s stock worth $16,883,000 after purchasing an additional 78,609 shares during the period. 70.21% of the stock is owned by institutional investors.

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.