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Cameco (NYSE:CCJ) was downgraded by equities researchers at Raymond James from an “outperform” rating to a “market perform” rating in a research report issued on Thursday, TheFlyOnTheWall.com reports.

Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity upgraded shares of Cameco from a “sell” rating to a “hold” rating in a research note on Friday, June 6th. Separately, analysts at RBC Capital cut their price target on shares of Cameco from $27.00 to $26.00 in a research note on Thursday, June 5th. They now have an “outperform” rating on the stock. Finally, analysts at TheStreet downgraded shares of Cameco from a “buy” rating to a “hold” rating in a research note on Tuesday, June 3rd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $24.76.

Cameco (NYSE:CCJ) opened at 19.88 on Thursday. Cameco has a 52-week low of $17.27 and a 52-week high of $25.84. The stock’s 50-day moving average is $19.90 and its 200-day moving average is $21.54. The company has a market cap of $7.868 billion and a P/E ratio of 19.11.

Cameco (NYSE:CCJ) last announced its earnings results on Tuesday, April 29th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. The company had revenue of $419.00 million for the quarter, compared to the consensus estimate of $488.44 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. On average, analysts predict that Cameco will post $0.83 earnings per share for the current fiscal year.

Cameco Corporation (NYSE:CCJ) is engaged in the exploration for and the development, mining, refining, conversion and fabrication of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries.

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