Cameco Corp (CCJ) Receives Average Recommendation of “Hold” from Analysts

Cameco Corp (NYSE:CCJ) (TSE:CCO) has been assigned an average recommendation of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $22.50.

Several brokerages have weighed in on CCJ. Zacks Investment Research raised shares of Cameco from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 27th. Royal Bank of Canada lowered their target price on shares of Cameco from $17.00 to $16.00 and set an “outperform” rating for the company in a research note on Friday, October 20th. Finally, TheStreet lowered shares of Cameco from a “c” rating to a “d+” rating in a research note on Friday, October 27th.

Hedge funds have recently made changes to their positions in the business. Pinebridge Investments L.P. purchased a new position in Cameco during the third quarter worth about $114,000. Quantbot Technologies LP purchased a new position in Cameco during the third quarter worth about $109,000. Mitchell Sinkler & Starr PA purchased a new position in Cameco during the third quarter worth about $113,000. Timber Hill LLC purchased a new position in Cameco during the fourth quarter worth about $117,000. Finally, Rathbone Brothers plc purchased a new position in Cameco during the fourth quarter worth about $122,000. 50.27% of the stock is owned by institutional investors.

Shares of Cameco (CCJ) opened at $8.78 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 5.40 and a quick ratio of 2.16. Cameco has a 1-year low of $7.68 and a 1-year high of $12.37. The stock has a market cap of $3,480.00, a PE ratio of -15.14, a P/E/G ratio of 7.89 and a beta of 1.21.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Friday, February 9th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.07. Cameco had a negative net margin of 9.72% and a positive return on equity of 1.23%. The firm had revenue of $809.00 million during the quarter, compared to analyst estimates of $780.91 million. During the same quarter in the prior year, the firm posted $0.23 earnings per share. Cameco’s quarterly revenue was down 8.8% on a year-over-year basis. research analysts expect that Cameco will post 0.17 EPS for the current fiscal year.

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Cameco 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 (NYSE:CCJ)

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