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

Key Points

• Cameco's stock received a "hold (C+)" rating from Weiss Ratings, while Wall Street Zen upgraded it to a "buy" rating, reflecting varied analyst opinions on the stock.
• Despite the mixed ratings, institutional ownership remains strong at 70.21%, indicating confidence among larger investors in Cameco's potential.
• The company reported $0.51 EPS for the last quarter, exceeding expectations, with revenue increasing by 46.7% year-over-year.

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

Other equities analysts also recently issued reports about the company. Wall Street Zen upgraded Cameco from a "hold" rating to a "buy" rating in a research report on Sunday, October 19th. BMO Capital Markets reissued an "outperform" rating on shares of Cameco in a report on Friday, August 29th. TD Securities reissued a "buy" rating on shares of Cameco in a report on Tuesday, August 5th. UBS Group set a $102.00 target price on Cameco in a report on Tuesday, September 9th. Finally, Royal Bank Of Canada boosted their target price on Cameco from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. 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's stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $89.55.

Cameco Stock Performance

Shares of NYSE CCJ traded up $1.81 during midday trading on Friday, hitting $88.11. 4,033,725 shares of the company's stock were exchanged, compared to its average volume of 4,911,528. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.96 and a quick ratio of 2.00. The stock's 50 day moving average price is $82.08 and its 200-day moving average price is $68.95. The firm has a market cap of $38.36 billion, a P/E ratio of 101.28 and a beta of 0.99. Cameco has a twelve month low of $35.00 and a twelve month high of $97.79.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.22. The business 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%.The business'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 earnings per share. Cameco has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Cameco will post 1.27 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CCJ. Bison Wealth LLC increased its holdings in shares of Cameco by 16.1% in the fourth quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company's stock valued at $1,102,000 after buying an additional 2,975 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Cameco by 30.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 8,183 shares of the basic materials company's stock valued at $337,000 after buying an additional 1,908 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Cameco by 4.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 75,031 shares of the basic materials company's stock valued at $3,088,000 after buying an additional 2,993 shares in the last quarter. Moran Wealth Management LLC increased its holdings in shares of Cameco by 11.2% in the first quarter. Moran Wealth Management LLC now owns 48,636 shares of the basic materials company's stock valued at $2,002,000 after buying an additional 4,915 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of Cameco by 6.2% in the first quarter. Sequoia Financial Advisors LLC now owns 82,939 shares of the basic materials company's stock valued at $3,414,000 after buying an additional 4,807 shares in the last quarter. Institutional investors 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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