Cameco (NYSE:CCJ) Earns Buy Rating from Glj Research

Glj Research reissued their buy rating on shares of Cameco (NYSE:CCJ - Free Report) TSE: CCO in a research report released on Thursday morning,Benzinga reports. The brokerage currently has a $75.27 price target on the basic materials company's stock.

CCJ has been the topic of a number of other reports. Desjardins assumed coverage on shares of Cameco in a research report on Friday, April 4th. They set a "buy" rating on the stock. Sanford C. Bernstein set a $70.00 price objective on shares of Cameco and gave the stock an "outperform" rating in a research report on Tuesday. Scotiabank restated an "outperform" rating on shares of Cameco in a research note on Wednesday, May 14th. Royal Bank of Canada reiterated an "outperform" rating and set a $90.00 target price on shares of Cameco in a research note on Tuesday, March 4th. Finally, Wall Street Zen upgraded Cameco from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $75.63.

Cameco Stock Down 0.3%

Shares of Cameco stock traded down $0.19 during trading on Thursday, hitting $66.14. 4,435,148 shares of the stock were exchanged, compared to its average volume of 4,343,445. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The firm's 50-day moving average price is $49.54 and its 200 day moving average price is $49.45. The stock has a market cap of $28.79 billion, a price-to-earnings ratio of 236.21 and a beta of 0.97. Cameco has a 12-month low of $35.00 and a 12-month high of $68.12.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its earnings results on Thursday, May 1st. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.07). Cameco had a return on equity of 4.34% and a net margin of 5.39%. The business had revenue of $549.58 million for the quarter, compared to analysts' expectations of $890.07 million. During the same quarter in the previous year, the firm earned $0.13 EPS. Cameco's revenue for the quarter was up 24.4% compared to the same quarter last year. As a group, analysts forecast that Cameco will post 1.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cameco

A number of large investors have recently modified their holdings of the business. Sierra Ocean LLC acquired a new position in Cameco during the fourth quarter worth $25,000. Hurley Capital LLC purchased a new stake in shares of Cameco during the 4th quarter worth $27,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Cameco during the 4th quarter worth $28,000. Manchester Capital Management LLC grew its stake in shares of Cameco by 100.0% during the 1st quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company's stock worth $25,000 after purchasing an additional 300 shares during the period. Finally, Whipplewood Advisors LLC purchased a new position in shares of Cameco in the 4th quarter valued at about $33,000. 70.21% of the stock is owned by hedge funds and other 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.