Cameco (NYSE:CCJ) Downgraded by Wall Street Zen to "Hold"

Key Points

• Cameco's stock has been downgraded from a "buy" to a "hold" rating by analysts at Wall Street Zen.
• Despite the downgrade, the consensus rating for Cameco remains a "Buy" with a price target of $89.55.
• The company reported $0.51 earnings per share in its last quarterly earnings, significantly surpassing analysts' estimates.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday.

Several other equities analysts have also weighed in on CCJ. CLSA began coverage on shares of Cameco in a research report on Tuesday, September 9th. They set an "outperform" rating and a $102.00 price objective for the company. Scotiabank restated an "outperform" rating on shares of Cameco in a research report on Tuesday, July 8th. BMO Capital Markets restated an "outperform" rating on shares of Cameco in a research report on Friday, August 29th. Weiss Ratings restated a "hold (c+)" rating on shares of Cameco in a research report on Wednesday. Finally, UBS Group set a $102.00 target price on shares of Cameco in a report on Tuesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Cameco has a consensus rating of "Buy" and a consensus price target of $89.55.

Cameco Price Performance

Shares of NYSE CCJ opened at $86.61 on Friday. Cameco has a twelve month low of $35.00 and a twelve month high of $91.58. The company has a current ratio of 2.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average of $79.67 and a two-hundred day moving average of $65.65. The company has a market capitalization of $37.71 billion, a price-to-earnings ratio of 99.55 and a beta of 0.99.

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

Institutional Trading of Cameco

Several institutional investors have recently made changes to their positions in the stock. Hager Investment Management Services LLC boosted its holdings in shares of Cameco by 0.4% during the second quarter. Hager Investment Management Services LLC now owns 30,628 shares of the basic materials company's stock worth $2,274,000 after purchasing an additional 127 shares during the period. Wealth Alliance LLC boosted its holdings in shares of Cameco by 1.6% during the second quarter. Wealth Alliance LLC now owns 10,036 shares of the basic materials company's stock worth $745,000 after purchasing an additional 154 shares during the period. Colonial Trust Advisors boosted its holdings in shares of Cameco by 0.3% during the second quarter. Colonial Trust Advisors now owns 59,753 shares of the basic materials company's stock worth $4,435,000 after purchasing an additional 172 shares during the period. Dynamic Advisor Solutions LLC boosted its holdings in shares of Cameco by 3.7% during the third quarter. Dynamic Advisor Solutions LLC now owns 4,967 shares of the basic materials company's stock worth $417,000 after purchasing an additional 177 shares during the period. Finally, Armstrong Advisory Group Inc. raised its position in Cameco by 110.3% during the third quarter. Armstrong Advisory Group Inc. now owns 347 shares of the basic materials company's stock valued at $29,000 after acquiring an additional 182 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

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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