Brokerages Set Cameco Corporation (NYSE:CCJ) PT at $80.65

Cameco Corporation (NYSE:CCJ - Get Free Report) TSE: CCO has earned a consensus rating of "Buy" from the thirteen brokerages that are currently covering the company, Marketbeat reports. Ten equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $80.65.

CCJ has been the topic of several recent research reports. Glj Research reiterated a "buy" rating and issued a $75.27 price objective on shares of Cameco in a research report on Thursday, June 12th. UBS Group reiterated a "buy" rating on shares of Cameco in a research report on Tuesday, June 10th. Raymond James Financial reiterated an "outperform" rating on shares of Cameco in a research report on Wednesday, June 18th. Desjardins began coverage on shares of Cameco in a research note on Friday, April 4th. They set a "buy" rating on the stock. Finally, Sanford C. Bernstein set a $70.00 target price on shares of Cameco and gave the stock an "outperform" rating in a research report on Tuesday, June 10th.

Hedge Funds Weigh In On Cameco

A number of institutional investors and hedge funds have recently modified their holdings of CCJ. FMR LLC grew its position in Cameco by 8.7% in the 4th quarter. FMR LLC now owns 22,639,647 shares of the basic materials company's stock valued at $1,163,942,000 after purchasing an additional 1,811,876 shares during the period. Vanguard Group Inc. grew its position in Cameco by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 17,084,358 shares of the basic materials company's stock valued at $703,295,000 after purchasing an additional 300,088 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Cameco by 1.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,846,044 shares of the basic materials company's stock worth $865,729,000 after acquiring an additional 190,337 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Cameco by 39.3% in the 1st quarter. Alliancebernstein L.P. now owns 14,048,244 shares of the basic materials company's stock worth $578,226,000 after acquiring an additional 3,959,837 shares during the last quarter. Finally, AGF Management Ltd. raised its holdings in shares of Cameco by 19.0% in the 1st quarter. AGF Management Ltd. now owns 4,037,646 shares of the basic materials company's stock worth $166,206,000 after acquiring an additional 644,413 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors.

Cameco Stock Up 1.1%

Shares of CCJ traded up $0.84 during midday trading on Monday, reaching $77.92. The stock had a trading volume of 5,301,994 shares, compared to its average volume of 4,608,824. The company's fifty day simple moving average is $65.38 and its two-hundred day simple moving average is $52.54. Cameco has a 1-year low of $35.00 and a 1-year high of $80.05. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.70 and a quick ratio of 1.26. The company has a market cap of $33.92 billion, a price-to-earnings ratio of 194.80 and a beta of 1.03.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07). The business had revenue of $549.58 million during the quarter, compared to analyst estimates of $890.07 million. Cameco had a net margin of 7.50% and a return on equity of 4.47%. The company's revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.13 earnings per share. Equities research analysts expect 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.