Shares of Cameco Corporation (NYSE:CCJ - Get Free Report) TSE: CCO hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $97.79 and last traded at $93.49, with a volume of 6013478 shares traded. The stock had previously closed at $93.19.
Analysts Set New Price Targets
CCJ has been the subject of a number of research analyst reports. Scotiabank restated an "outperform" rating on shares of Cameco in a research note on Tuesday, July 8th. BMO Capital Markets restated an "outperform" rating on shares of Cameco in a research note on Friday, August 29th. UBS Group set a $102.00 target price on Cameco in a research note on Tuesday, September 9th. Weiss Ratings restated a "hold (c+)" rating on shares of Cameco in a research note on Wednesday, October 8th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Cameco in a research report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $89.55.
View Our Latest Research Report on Cameco
Cameco Price Performance
The firm has a 50-day simple moving average of $80.72 and a two-hundred day simple moving average of $66.70. The company has a market capitalization of $40.70 billion, a price-to-earnings ratio of 107.46 and a beta of 0.99. The company has a current ratio of 2.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.15.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.51 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $819.79 million. During the same period last year, the firm earned $0.14 EPS. The firm's revenue for the quarter was up 46.7% compared to the same quarter last year. Cameco has set its FY 2025 guidance at EPS. As a group, analysts predict that Cameco Corporation 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 the business. CWM LLC grew its position in shares of Cameco by 35.7% during the 3rd quarter. CWM LLC now owns 9,314 shares of the basic materials company's stock valued at $781,000 after acquiring an additional 2,451 shares during the period. Gemmer Asset Management LLC acquired a new stake in shares of Cameco during the 3rd quarter valued at about $971,000. Pure Portfolios Holdings LLC grew its position in shares of Cameco by 31.3% during the 3rd quarter. Pure Portfolios Holdings LLC now owns 3,735 shares of the basic materials company's stock valued at $313,000 after acquiring an additional 891 shares during the period. Brookstone Capital Management acquired a new stake in shares of Cameco during the 3rd quarter valued at about $210,000. Finally, TABR Capital Management LLC acquired a new stake in shares of Cameco during the 3rd quarter valued at about $247,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.
About Cameco
(
Get Free Report)
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.
Further Reading
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