Cameco (NYSE:CCJ – Get Free Report) (TSE:CCO)‘s stock had its “buy” rating restated by equities researchers at Glj Research in a report released on Thursday,Benzinga reports. They presently have a $75.27 price target on the basic materials company’s stock. Glj Research’s target price points to a potential upside of 13.02% from the company’s previous close.
CCJ has been the topic of a number of other research reports. The Goldman Sachs Group upped their target price on shares of Cameco from $65.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday. UBS Group restated a “buy” rating on shares of Cameco in a report on Tuesday. Scotiabank restated an “outperform” rating on shares of Cameco in a report on Wednesday, May 14th. Royal Bank of Canada restated an “outperform” rating and issued a $90.00 target price on shares of Cameco in a report on Tuesday, March 4th. Finally, Wall Street Zen upgraded shares of Cameco from a “sell” rating to a “hold” rating in a report on Tuesday, May 13th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $75.63.
View Our Latest Report on Cameco
Cameco Stock Up 0.7%
Cameco (NYSE:CCJ – Get Free Report) (TSE:CCO) last issued its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.07). The business had revenue of $549.58 million during the quarter, compared to the consensus estimate of $890.07 million. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The business’s revenue for the quarter was up 24.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 EPS. Research analysts forecast that Cameco will post 1.27 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the company. Sierra Ocean LLC purchased a new stake in Cameco during the 4th quarter worth approximately $25,000. Manchester Capital Management LLC grew its position in Cameco by 100.0% during the 1st quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 300 shares during the last quarter. Hurley Capital LLC purchased a new stake in Cameco during the 4th quarter worth approximately $27,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Cameco during the 4th quarter worth approximately $28,000. Finally, Dagco Inc. purchased a new stake in Cameco during the 1st quarter worth approximately $28,000. Hedge funds and other 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.
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