Shares of Cameco (NYSE:CCJ) (TSE:CCO) have received a consensus rating of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $22.50.
CCJ has been the subject of several recent research reports. ValuEngine upgraded shares of Cameco from a “sell” rating to a “hold” rating in a research report on Wednesday, March 7th. Zacks Investment Research upgraded shares of Cameco from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 13th.
Institutional investors and hedge funds have recently bought and sold shares of the company. Great West Life Assurance Co. Can increased its position in shares of Cameco by 20.9% during the third quarter. Great West Life Assurance Co. Can now owns 326,873 shares of the basic materials company’s stock worth $3,204,000 after buying an additional 56,606 shares during the period. Jefferies Group LLC increased its position in shares of Cameco by 17.9% during the fourth quarter. Jefferies Group LLC now owns 80,987 shares of the basic materials company’s stock worth $748,000 after buying an additional 12,270 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Cameco by 32.8% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 16,182,205 shares of the basic materials company’s stock worth $156,571,000 after buying an additional 3,995,805 shares during the period. Commerzbank Aktiengesellschaft FI increased its position in shares of Cameco by 34.7% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 485,226 shares of the basic materials company’s stock worth $4,479,000 after buying an additional 125,115 shares during the period. Finally, Kopernik Global Investors LLC increased its position in shares of Cameco by 6.5% during the fourth quarter. Kopernik Global Investors LLC now owns 8,684,897 shares of the basic materials company’s stock worth $80,162,000 after buying an additional 528,246 shares during the period. Institutional investors own 51.92% of the company’s stock.
NYSE CCJ traded up $0.01 on Wednesday, hitting $9.82. The company’s stock had a trading volume of 1,062,447 shares, compared to its average volume of 2,057,349. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.89 and a current ratio of 5.20. Cameco has a 1-year low of $7.68 and a 1-year high of $11.91. The stock has a market cap of $3,882.73, a P/E ratio of 81.83, a price-to-earnings-growth ratio of 0.54 and a beta of 1.14.
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 (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.07. Cameco had a negative net margin of 9.72% and a positive return on equity of 1.24%. The firm had revenue of $809.00 million during the quarter, compared to analysts’ expectations of $780.91 million. During the same period in the prior year, the company posted $0.23 EPS. The company’s revenue was down 8.8% on a year-over-year basis. analysts predict that Cameco will post 0.59 earnings per share for the current fiscal year.
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Cameco Company Profile
Cameco Corporation produces and sells uranium worldwide. The company operates through three segments: Uranium, Fuel Services, and NUKEM. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrates. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; the Inkai property situated in Kazakhstan; the Smith Ranch-Highland property located in Wyoming, the United States; and the Crow Butte property situated in Nebraska, the United States.
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