Cameco Corporation (NYSE:CCJ - Get Free Report) TSE: CCO's stock price shot up 1.4% on Wednesday . The company traded as high as $79.90 and last traded at $79.01. 1,488,626 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 4,604,248 shares. The stock had previously closed at $77.90.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on CCJ. Glj Research reissued a "buy" rating and issued a $75.27 price objective on shares of Cameco in a research report on Thursday, June 12th. Wall Street Zen upgraded shares of Cameco from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Royal Bank Of Canada upped their target price on shares of Cameco from $90.00 to $100.00 and gave the company an "outperform" rating in a research note on Friday, June 20th. Raymond James Financial restated an "outperform" rating on shares of Cameco in a research note on Wednesday, June 18th. Finally, Desjardins began coverage on shares of Cameco in a research note on Friday, April 4th. They set a "buy" rating on the stock. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $80.65.
Get Our Latest Research Report on Cameco
Cameco Stock Down 2.5%
The business's 50 day moving average is $67.51 and its 200-day moving average is $53.23. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.26 and a current ratio of 2.70. The firm has a market capitalization of $33.94 billion, a price-to-earnings ratio of 194.89 and a beta of 1.03.
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 (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07). The firm had revenue of $549.58 million during the quarter, compared to analyst estimates of $890.07 million. Cameco had a net margin of 7.50% and a return on equity of 4.47%. The business's quarterly revenue was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.13 earnings per share. Equities analysts anticipate that Cameco Corporation will post 1.27 EPS for the current fiscal year.
Institutional Trading of Cameco
Several hedge funds and other institutional investors have recently bought and sold shares of CCJ. Trust Co. of Vermont lifted its holdings in Cameco by 1,029.4% during the 2nd quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company's stock valued at $29,000 after purchasing an additional 350 shares during the last quarter. Hilltop National Bank bought a new position in Cameco during the 2nd quarter valued at about $30,000. Atticus Wealth Management LLC bought a new position in Cameco during the 2nd quarter valued at about $34,000. Hurley Capital LLC bought a new position in Cameco during the 4th quarter valued at about $27,000. Finally, Manchester Capital Management LLC lifted its holdings in Cameco by 100.0% during the 1st quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 300 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.
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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