Cameco (NYSE:CCJ) Rating Increased to Hold at StockNews.com

Cameco (NYSE:CCJ) (TSE:CCO) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Cameco Price Performance

CCJ traded down $2.99 during trading on Friday, reaching $43.56. 7,343,768 shares of the stock were exchanged, compared to its average volume of 4,686,063. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The company has a market capitalization of $18.96 billion, a price-to-earnings ratio of 229.25 and a beta of 0.94. Cameco has a 1 year low of $35.43 and a 1 year high of $62.55. The business’s 50 day moving average price is $51.00 and its two-hundred day moving average price is $49.62.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. The firm had revenue of $845.54 million for the quarter, compared to analysts’ expectations of $1.09 billion. Cameco had a net margin of 4.15% and a return on equity of 3.33%. As a group, equities research analysts anticipate that Cameco will post 0.42 earnings per share for the current year.

Hedge Funds Weigh In On Cameco

Several hedge funds have recently bought and sold shares of the stock. Jupiter Wealth Management LLC purchased a new stake in shares of Cameco in the fourth quarter valued at $514,000. Formidable Asset Management LLC raised its stake in Cameco by 13.4% in the 4th quarter. Formidable Asset Management LLC now owns 18,756 shares of the basic materials company’s stock valued at $964,000 after purchasing an additional 2,215 shares during the last quarter. WCG Wealth Advisors LLC lifted its holdings in Cameco by 2.7% in the 4th quarter. WCG Wealth Advisors LLC now owns 12,801 shares of the basic materials company’s stock valued at $658,000 after purchasing an additional 331 shares in the last quarter. Gordian Capital Singapore Pte Ltd boosted its stake in shares of Cameco by 276.4% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 20,400 shares of the basic materials company’s stock worth $1,048,000 after purchasing an additional 14,980 shares during the last quarter. Finally, JT Stratford LLC purchased a new stake in shares of Cameco during the fourth quarter worth about $205,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

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.