Cameco Corporation (NYSE:CCJ) Receives Consensus Rating of "Buy" from Brokerages

Key Points

• Cameco Corporation (NYSE:CCJ) has received an average consensus rating of "Buy" from 16 analysts, with one holding a strong buy rating and one a hold rating.
• The current average 12-month target price for Cameco shares is $89.54, while recent stock performance shows a 52-week range between $35.00 and $89.13.
• Cameco reported earnings of $0.51 EPS for the last quarter, exceeding estimates of $0.29, alongside a year-over-year revenue increase of 46.7%.

Shares of Cameco Corporation (NYSE:CCJ - Get Free Report) TSE: CCO have earned an average rating of "Buy" from the sixteen analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $89.5450.

CCJ has been the topic of a number of recent analyst reports. Wall Street Zen raised Cameco from a "hold" rating to a "buy" rating in a research report on Friday. BMO Capital Markets reaffirmed an "outperform" rating on shares of Cameco in a research report on Friday, August 29th. Sanford C. Bernstein set a $70.00 target price on Cameco and gave the company an "outperform" rating in a research report on Tuesday, June 10th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Cameco in a research report on Saturday, September 27th. Finally, CLSA assumed coverage on Cameco in a report on Tuesday, September 9th. They issued an "outperform" rating and a $102.00 price target for the company.

Cameco Stock Performance

Shares of CCJ opened at $84.33 on Friday. The business's 50 day moving average is $78.70 and its two-hundred day moving average is $64.22. Cameco has a 52-week low of $35.00 and a 52-week high of $89.13. The firm has a market cap of $36.72 billion, a price-to-earnings ratio of 96.93 and a beta of 0.99. The company has a quick ratio of 2.00, a current ratio of 2.96 and a debt-to-equity ratio of 0.15.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its earnings results on Thursday, July 31st. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.22. Cameco had a return on equity of 8.21% and a net margin of 14.97%.The company had revenue of $467.72 million for the quarter, compared to analyst estimates of $819.79 million. During the same period in the prior year, the company posted $0.14 EPS. Cameco's quarterly revenue was up 46.7% on a year-over-year basis. Cameco has set its FY 2025 guidance at EPS. Analysts forecast that Cameco will post 1.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Cameco

A number of institutional investors have recently made changes to their positions in the company. Vigilare Wealth Management increased its holdings in shares of Cameco by 8.3% in the 3rd quarter. Vigilare Wealth Management now owns 13,386 shares of the basic materials company's stock valued at $1,123,000 after acquiring an additional 1,023 shares during the last quarter. Corient Private Wealth LLC increased its holdings in shares of Cameco by 5.5% in the 2nd quarter. Corient Private Wealth LLC now owns 54,191 shares of the basic materials company's stock valued at $4,023,000 after acquiring an additional 2,802 shares during the last quarter. SevenBridge Financial Group LLC bought a new stake in shares of Cameco in the 2nd quarter valued at approximately $208,000. Thompson Davis & CO. Inc. bought a new stake in shares of Cameco in the 2nd quarter valued at approximately $228,000. Finally, Coppell Advisory Solutions LLC bought a new stake in shares of Cameco in the 2nd quarter valued at approximately $296,000. 70.21% of the stock is currently owned by institutional investors.

Cameco Company Profile

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.

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