Cameco (NYSE:CCJ) Given Hold (C+) Rating at Weiss Ratings

Key Points

• Cameco's stock was given a "hold (C+)" rating by Weiss Ratings, amidst varying ratings from other analysts including a "buy" from President Capital.
• Shares of Cameco traded down to $86.22, marking a decline despite an increase in year-over-year revenue by 46.7%.
• Institutional investors now own 70.21% of Cameco's stock, reflecting growing interest and stakes in the company.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO's stock had its "hold (c+)" rating reissued by stock analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

CCJ has been the subject of several other reports. President Capital raised shares of Cameco from a "neutral" rating to a "buy" rating in a research note on Monday, September 22nd. Raymond James Financial reissued an "outperform" rating on shares of Cameco in a research note on Tuesday, September 2nd. Sanford C. Bernstein set a $70.00 price objective on shares of Cameco and gave the company an "outperform" rating in a research note on Tuesday, June 10th. Scotiabank reaffirmed an "outperform" rating on shares of Cameco in a research report on Tuesday, July 8th. Finally, Glj Research reaffirmed a "buy" rating and set a $75.27 price target on shares of Cameco in a research report on Thursday, June 12th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $89.55.

Cameco Price Performance

Shares of Cameco stock traded down $0.23 during trading on Wednesday, hitting $86.22. 3,548,867 shares of the company were exchanged, compared to its average volume of 4,725,519. 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 has a fifty-two week low of $35.00 and a fifty-two week high of $89.13. The stock has a market capitalization of $37.54 billion, a price-to-earnings ratio of 99.10 and a beta of 0.99. The firm has a 50 day moving average price of $79.16 and a 200 day moving average price of $65.08.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings results 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. The company had revenue of $467.72 million during the quarter, compared to the consensus estimate of $819.79 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%.Cameco's revenue was up 46.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 EPS. Cameco has set its FY 2025 guidance at EPS. On average, equities analysts expect that Cameco will post 1.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cameco

A number of institutional investors have recently modified their holdings of CCJ. MetLife Investment Management LLC acquired a new stake in Cameco during the first quarter worth about $2,131,000. Northwest & Ethical Investments L.P. raised its stake in Cameco by 50.0% during the first quarter. Northwest & Ethical Investments L.P. now owns 42,487 shares of the basic materials company's stock worth $1,750,000 after acquiring an additional 14,154 shares during the period. Kayne Anderson Capital Advisors LP raised its stake in Cameco by 41.6% during the first quarter. Kayne Anderson Capital Advisors LP now owns 40,407 shares of the basic materials company's stock worth $1,663,000 after acquiring an additional 11,879 shares during the period. Edmond DE Rothschild Holding S.A. raised its stake in Cameco by 74.7% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 48,992 shares of the basic materials company's stock worth $2,017,000 after acquiring an additional 20,947 shares during the period. Finally, Nicholson Meyer Capital Management Inc. acquired a new stake in Cameco during the first quarter worth about $350,000. Institutional investors and hedge funds own 70.21% of the company's stock.

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.

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