Cameco Co. (NYSE:CCJ) Receives $35.33 Average PT from Analysts

Cameco Co. (NYSE:CCJ) (TSE:CCO) has been given an average recommendation of “Buy” by the three ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $35.33.

Several equities research analysts have issued reports on the stock. Cantor Fitzgerald lowered shares of Cameco from a “buy” rating to a “neutral” rating in a report on Tuesday, December 19th. StockNews.com raised shares of Cameco from a “sell” rating to a “hold” rating in a research report on Wednesday.

Cameco Price Performance

Shares of Cameco stock opened at $42.72 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.55 and a quick ratio of 0.97. The company has a market cap of $18.55 billion, a PE ratio of 71.20 and a beta of 0.92. The firm has a fifty day moving average price of $43.56 and a two-hundred day moving average price of $42.56. Cameco has a fifty-two week low of $24.64 and a fifty-two week high of $51.33.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Thursday, February 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.06). Cameco had a net margin of 13.97% and a return on equity of 5.61%. The firm had revenue of $620.00 million for the quarter. Analysts expect that Cameco will post 2.11 EPS for the current year.

Hedge Funds Weigh In On Cameco

Several hedge funds have recently added to or reduced their stakes in CCJ. CGC Financial Services LLC bought a new position in shares of Cameco in the 2nd quarter valued at about $27,000. Principal Securities Inc. bought a new stake in shares of Cameco during the 4th quarter valued at $29,000. Allworth Financial LP boosted its position in shares of Cameco by 1,049.2% in the 3rd quarter. Allworth Financial LP now owns 747 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 682 shares during the last quarter. Janiczek Wealth Management LLC increased its holdings in Cameco by 210.4% in the third quarter. Janiczek Wealth Management LLC now owns 773 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 524 shares during the last quarter. Finally, Tyler Stone Wealth Management bought a new position in Cameco during the second quarter worth about $32,000. Institutional investors own 70.21% of the company’s stock.

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.