Shares of Cameco Corp (NYSE:CCJ) (TSE:CCO) have earned an average rating of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $22.50.
CCJ has been the topic of a number of research reports. Zacks Investment Research cut Cameco from a “hold” rating to a “strong sell” rating in a research report on Monday, February 5th. ValuEngine upgraded Cameco from a “sell” rating to a “hold” rating in a research report on Wednesday, March 7th.
Shares of Cameco (NYSE:CCJ) traded down $0.07 during trading on Friday, hitting $9.19. The stock had a trading volume of 738,923 shares, compared to its average volume of 2,111,698. The company has a debt-to-equity ratio of 0.31, a current ratio of 5.20 and a quick ratio of 2.89. The firm has a market cap of $3,660.00, a PE ratio of -23.02, a price-to-earnings-growth ratio of 0.50 and a beta of 1.18. Cameco has a fifty-two week low of $7.68 and a fifty-two week high of $11.91.
Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Friday, February 9th. The basic materials company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.07. The business had revenue of $809.00 million for the quarter, compared to analysts’ expectations of $780.91 million. Cameco had a positive return on equity of 1.24% and a negative net margin of 9.72%. The business’s quarterly revenue was down 8.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 EPS. research analysts forecast that Cameco will post 0.59 EPS for the current year.
A number of hedge funds have recently modified their holdings of the stock. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its holdings in Cameco by 0.7% in the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 1,526,280 shares of the basic materials company’s stock worth $17,720,000 after buying an additional 10,700 shares in the last quarter. Gotham Asset Management LLC boosted its stake in Cameco by 124.8% during the 4th quarter. Gotham Asset Management LLC now owns 328,109 shares of the basic materials company’s stock valued at $3,028,000 after purchasing an additional 182,144 shares in the last quarter. Glenmede Trust Co. NA boosted its stake in Cameco by 510.6% during the 4th quarter. Glenmede Trust Co. NA now owns 13,390 shares of the basic materials company’s stock valued at $122,000 after purchasing an additional 11,197 shares in the last quarter. Paloma Partners Management Co bought a new position in Cameco during the 4th quarter valued at $340,000. Finally, Raymond James & Associates boosted its stake in Cameco by 25.3% during the 4th quarter. Raymond James & Associates now owns 79,862 shares of the basic materials company’s stock valued at $737,000 after purchasing an additional 16,103 shares in the last quarter. 51.09% of the stock is owned by institutional investors and hedge funds.
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Cameco Corporation (Cameco) is a uranium producer. The Company is primarily engaged in the exploration for and the development, mining, refining, conversion, fabrication and trading of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. The Company operates through three segments: uranium, fuel services and NUKEM.
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