Shares of Cameco Co. (NYSE:CCJ - Get Free Report) TSE: CCO reached a new 52-week high on Tuesday . The company traded as high as $68.12 and last traded at $66.94, with a volume of 16010959 shares traded. The stock had previously closed at $60.42.
Analysts Set New Price Targets
A number of brokerages recently issued reports on CCJ. Glj Research lifted their price target on shares of Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research note on Wednesday, March 12th. Wall Street Zen raised shares of Cameco from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Desjardins assumed coverage on shares of Cameco in a research note on Friday, April 4th. They issued a "buy" rating on the stock. The Goldman Sachs Group initiated coverage on Cameco in a research note on Tuesday, May 20th. They issued a "buy" rating and a $65.00 price target for the company. Finally, Sanford C. Bernstein started coverage on Cameco in a research note on Tuesday, April 1st. They set an "outperform" rating and a $52.00 price objective on the stock. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $70.53.
Read Our Latest Analysis on CCJ
Cameco Stock Performance
The firm has a market cap of $27.77 billion, a price-to-earnings ratio of 227.86 and a beta of 0.97. The stock's fifty day moving average is $48.51 and its two-hundred day moving average is $49.23. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.07). Cameco had a net margin of 5.39% and a return on equity of 4.34%. The firm had revenue of $549.58 million during the quarter, compared to analyst estimates of $890.07 million. During the same quarter in the previous year, the business posted $0.13 EPS. Cameco's revenue for the quarter was up 24.4% compared to the same quarter last year. On average, analysts expect that Cameco Co. will post 1.27 earnings per share for the current fiscal year.
Institutional Trading of Cameco
Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC lifted its holdings in Cameco by 8.7% in the 4th quarter. FMR LLC now owns 22,639,647 shares of the basic materials company's stock valued at $1,163,942,000 after acquiring an additional 1,811,876 shares during the last quarter. Vanguard Group Inc. grew its position in Cameco by 1.8% in the first quarter. Vanguard Group Inc. now owns 17,084,358 shares of the basic materials company's stock worth $703,295,000 after buying an additional 300,088 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Cameco by 1.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,846,044 shares of the basic materials company's stock valued at $865,729,000 after buying an additional 190,337 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Cameco by 39.3% during the 1st quarter. Alliancebernstein L.P. now owns 14,048,244 shares of the basic materials company's stock valued at $578,226,000 after acquiring an additional 3,959,837 shares during the last quarter. Finally, AGF Management Ltd. boosted its stake in shares of Cameco by 19.0% during the 1st quarter. AGF Management Ltd. now owns 4,037,646 shares of the basic materials company's stock worth $166,206,000 after acquiring an additional 644,413 shares in the last quarter. Institutional investors own 70.21% of the company's stock.
Cameco Company Profile
(
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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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