Cameco Corporation (NYSE:CCJ) (TSE:CCO)‘s stock had its “outperform” rating reissued by analysts at Raymond James Financial, Inc. in a research report issued on Tuesday.

CCJ has been the topic of a number of other reports. BidaskClub downgraded shares of Cameco Corporation from a “buy” rating to a “hold” rating in a research report on Monday. TheStreet raised shares of Cameco Corporation from a “d+” rating to a “c” rating in a research report on Tuesday, August 1st. Credit Suisse Group AG downgraded shares of Cameco Corporation from a “neutral” rating to an “underperform” rating in a research report on Monday, July 17th. Zacks Investment Research downgraded shares of Cameco Corporation from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Finally, Royal Bank Of Canada started coverage on shares of Cameco Corporation in a research report on Thursday, June 29th. They set an “outperform” rating and a $16.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Cameco Corporation currently has a consensus rating of “Hold” and a consensus price target of $13.07.

Shares of Cameco Corporation (NYSE:CCJ) traded down 1.13% on Tuesday, reaching $9.60. 822,357 shares of the company traded hands. The stock’s 50 day moving average price is $9.83 and its 200-day moving average price is $10.35. The stock’s market capitalization is $3.80 billion. Cameco Corporation has a one year low of $7.41 and a one year high of $13.36.

Cameco Corporation (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Thursday, July 27th. The basic materials company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.03. Cameco Corporation had a negative net margin of 0.75% and a positive return on equity of 2.59%. The company had revenue of $470 million for the quarter, compared to the consensus estimate of $383.81 million. During the same period in the previous year, the firm earned ($0.14) earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. Equities analysts forecast that Cameco Corporation will post $0.25 earnings per share for the current fiscal year.

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Several hedge funds have recently made changes to their positions in the stock. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Cameco Corporation by 2.8% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,123,523 shares of the basic materials company’s stock worth $12,432,000 after buying an additional 30,201 shares during the period. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Cameco Corporation by 121.8% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 661,065 shares of the basic materials company’s stock worth $7,318,000 after buying an additional 363,024 shares during the period. Usca Ria LLC acquired a new stake in shares of Cameco Corporation during the first quarter worth approximately $124,000. Advisory Services Network LLC acquired a new stake in shares of Cameco Corporation during the first quarter worth approximately $353,000. Finally, General American Investors Co. Inc. boosted its stake in shares of Cameco Corporation by 30.5% in the first quarter. General American Investors Co. Inc. now owns 1,064,947 shares of the basic materials company’s stock worth $11,789,000 after buying an additional 249,128 shares during the period. Hedge funds and other institutional investors own 56.48% of the company’s stock.

Cameco Corporation Company Profile

Cameco Corporation (Cameco) is a uranium producer. The Company is primarily engaged in the exploration for and the development, mining, refining, conversion, fabrication and trading of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. The Company operates through three segments: uranium, fuel services and NUKEM.

Analyst Recommendations for Cameco Corporation (NYSE:CCJ)

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