StockNews.com Upgrades Cameco (NYSE:CCJ) to “Hold”

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

Several other research firms have also recently commented on CCJ. Stifel Nicolaus assumed coverage on Cameco in a report on Wednesday, March 12th. They issued a “buy” rating for the company. Glj Research increased their price target on Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a report on Wednesday, March 12th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $90.00 price target on shares of Cameco in a report on Tuesday, March 4th. Finally, Stifel Canada raised Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, Cameco has a consensus rating of “Buy” and a consensus price target of $73.64.

Cameco Price Performance

NYSE:CCJ opened at $44.86 on Wednesday. Cameco has a one year low of $35.43 and a one year high of $62.55. 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 stock has a market cap of $19.53 billion, a PE ratio of 160.21 and a beta of 1.04. The stock has a 50 day moving average price of $47.13 and a 200 day moving average price of $49.99.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CCJ. Sierra Ocean LLC acquired a new position in Cameco during the 4th quarter worth $25,000. Hurley Capital LLC acquired a new position in Cameco during the 4th quarter worth $27,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Cameco during the 4th quarter worth $28,000. Pingora Partners LLC acquired a new position in Cameco during the 3rd quarter worth $33,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Cameco during the 4th quarter worth about $33,000. 70.21% of the stock is owned by institutional investors and hedge funds.

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.