Cameco Co. (NYSE:CCJ) Given Average Rating of “Buy” by Brokerages

Cameco Co. (NYSE:CCJ) (TSE:CCO) has been given a consensus recommendation of “Buy” by the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $66.56.

Separately, StockNews.com raised shares of Cameco from a “sell” rating to a “hold” rating in a research note on Friday, February 21st.

Cameco Trading Down 2.8 %

CCJ opened at $43.49 on Friday. The firm’s fifty day moving average is $50.04 and its two-hundred day moving average is $49.81. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The firm has a market cap of $18.93 billion, a PE ratio of 155.32 and a beta of 0.94. Cameco has a twelve month low of $35.43 and a twelve month high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. The company had revenue of $845.54 million during the quarter, compared to analysts’ expectations of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. Equities research analysts anticipate that Cameco will post 1.27 EPS for the current year.

Institutional Investors Weigh In On Cameco

Hedge funds have recently added to or reduced their stakes in the business. Polar Asset Management Partners Inc. raised its position in shares of Cameco by 337.2% in the fourth quarter. Polar Asset Management Partners Inc. now owns 98,376 shares of the basic materials company’s stock valued at $5,055,000 after purchasing an additional 75,876 shares during the period. Hall Capital Management Co. Inc. bought a new position in Cameco in the 4th quarter valued at about $204,000. Ameriflex Group Inc. acquired a new stake in Cameco during the fourth quarter worth approximately $40,000. Jupiter Wealth Management LLC bought a new stake in shares of Cameco during the fourth quarter worth approximately $514,000. Finally, Formidable Asset Management LLC grew its position in shares of Cameco by 13.4% in the fourth 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. Institutional investors and hedge funds 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.