Cameco (NYSE:CCJ) Stock Rating Reaffirmed by Glj Research

Glj Research reaffirmed their buy rating on shares of Cameco (NYSE:CCJ) (TSE:CCO) in a report published on Wednesday, Benzinga reports. The firm currently has a $63.73 price target on the basic materials company’s stock.

CCJ has been the subject of several other research reports. Bank of America raised their price target on shares of Cameco from $59.00 to $60.50 and gave the company a buy rating in a research report on Wednesday, June 26th. The Goldman Sachs Group boosted their target price on Cameco from $56.00 to $62.00 and gave the stock a buy rating in a research note on Friday, June 7th. Finally, Cantor Fitzgerald raised Cameco from a neutral rating to an overweight rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Cameco presently has a consensus rating of Moderate Buy and a consensus price target of $63.71.

Cameco Price Performance

CCJ stock opened at $40.26 on Wednesday. The business’s fifty day moving average price is $47.25 and its 200 day moving average price is $47.06. Cameco has a 12-month low of $33.63 and a 12-month high of $56.24. The company has a current ratio of 3.22, a quick ratio of 0.69 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $17.52 billion, a PE ratio of 103.23 and a beta of 0.92.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). Cameco had a return on equity of 5.63% and a net margin of 9.72%. The business had revenue of $598.00 million for the quarter, compared to analysts’ expectations of $756.00 million. During the same quarter last year, the company earned ($0.01) earnings per share. The firm’s revenue for the quarter was up 24.1% on a year-over-year basis. On average, sell-side analysts anticipate that Cameco will post 1.06 EPS for the current year.

Hedge Funds Weigh In On Cameco

Large investors have recently bought and sold shares of the business. Venturi Wealth Management LLC boosted its position in shares of 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 acquiring an additional 400 shares in the last quarter. LRI Investments LLC acquired a new position in Cameco in the first quarter valued at approximately $26,000. Principal Securities Inc. purchased a new position in Cameco in the fourth quarter valued at approximately $29,000. Lindbrook Capital LLC raised its holdings in Cameco by 26.0% during the first quarter. Lindbrook Capital LLC now owns 1,070 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 221 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in shares of Cameco by 99.3% during the 1st quarter. Larson Financial Group LLC now owns 1,204 shares of the basic materials company’s stock worth $52,000 after buying an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

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.