Cameco Co. (NYSE:CCJ) Receives $73.64 Consensus Target Price from Brokerages

Shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) have received an average rating of “Buy” from the ten research firms that are currently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $73.64.

Several equities research analysts have weighed in on the stock. StockNews.com upgraded shares of Cameco from a “sell” rating to a “hold” rating in a report on Wednesday, March 19th. Royal Bank of Canada reissued an “outperform” rating and set a $90.00 target price on shares of Cameco in a research note on Tuesday, March 4th. Stifel Nicolaus started coverage on shares of Cameco in a report on Wednesday, March 12th. They set a “buy” rating on the stock. Glj Research upped their target price on shares of Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research note on Wednesday, March 12th. Finally, Stifel Canada raised Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th.

Hedge Funds Weigh In On Cameco

A number of large investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its stake in Cameco by 29.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,275 shares of the basic materials company’s stock worth $322,000 after acquiring an additional 1,439 shares during the period. Lansforsakringar Fondforvaltning AB publ bought a new stake in Cameco during the fourth quarter worth about $4,839,000. Copia Wealth Management acquired a new stake in Cameco during the fourth quarter worth about $39,000. Polar Asset Management Partners Inc. increased its stake in 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 acquiring an additional 75,876 shares during the last quarter. Finally, Hall Capital Management Co. Inc. bought a new position in shares of Cameco in the 4th quarter valued at $204,000. Institutional investors own 70.21% of the company’s stock.

Cameco Trading Up 2.7 %

CCJ opened at $45.73 on Tuesday. Cameco has a fifty-two week low of $35.43 and a fifty-two week high of $62.55. The company has a market cap of $19.91 billion, a price-to-earnings ratio of 163.34 and a beta of 1.04. 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 firm has a 50 day simple moving average of $46.97 and a 200 day simple moving average of $50.23.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The company had revenue of $845.54 million for the quarter, compared to the consensus estimate of $1.09 billion. On average, sell-side analysts anticipate that Cameco will post 1.27 earnings per share 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.