Cameco Co. (NYSE:CCJ) Given Consensus Rating of “Buy” by Analysts

Shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) have earned a consensus rating of “Buy” from the four analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $40.25.

CCJ has been the subject of several analyst reports. Cantor Fitzgerald cut shares of Cameco from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 19th. The Goldman Sachs Group initiated coverage on shares of Cameco in a report on Monday, April 1st. They issued a “buy” rating and a $55.00 target price on the stock. Finally, StockNews.com lowered shares of Cameco from a “hold” rating to a “sell” rating in a report on Thursday, April 4th.

Institutional Investors Weigh In On Cameco

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Morgan Stanley grew its holdings in shares of Cameco by 5.8% during the 3rd quarter. Morgan Stanley now owns 7,752,258 shares of the basic materials company’s stock valued at $307,300,000 after purchasing an additional 428,310 shares during the last quarter. Guardian Capital LP boosted its position in Cameco by 40.7% during the 3rd quarter. Guardian Capital LP now owns 864,304 shares of the basic materials company’s stock worth $34,451,000 after buying an additional 250,115 shares during the period. Foster Victor Wealth Advisors LLC acquired a new stake in Cameco during the 4th quarter worth approximately $3,956,000. Financial Insights Inc. acquired a new stake in Cameco during the 3rd quarter worth approximately $1,942,000. Finally, Platinum Investment Management Ltd. boosted its position in Cameco by 156.3% during the 3rd quarter. Platinum Investment Management Ltd. now owns 3,089,235 shares of the basic materials company’s stock worth $122,605,000 after buying an additional 1,884,004 shares during the period. 70.21% of the stock is owned by institutional investors.

Cameco Price Performance

Shares of Cameco stock opened at $48.18 on Wednesday. Cameco has a twelve month low of $25.11 and a twelve month high of $52.64. The company has a quick ratio of 0.97, a current ratio of 1.55 and a debt-to-equity ratio of 0.21. The company has a 50-day simple moving average of $43.65 and a two-hundred day simple moving average of $43.39. The stock has a market capitalization of $20.92 billion, a price-to-earnings ratio of 80.30 and a beta of 0.92.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.06). Cameco had a return on equity of 5.61% and a net margin of 13.97%. The business had revenue of $620.00 million during the quarter. Analysts forecast that Cameco will post 1.55 EPS for the current year.

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.