Cameco (NYSE:CCJ) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Cameco (NYSE:CCJ - Free Report) TSE: CCO from a sell rating to a hold rating in a report released on Tuesday.

A number of other equities analysts have also issued reports on the company. Stifel Nicolaus initiated coverage on Cameco in a report on Wednesday, March 12th. They issued a "buy" rating for the company. Stifel Canada raised Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. Glj Research increased their price objective on Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a report on Wednesday, March 12th. Royal Bank of Canada reissued an "outperform" rating and issued a $90.00 price objective on shares of Cameco in a report on Tuesday, March 4th. Finally, Desjardins started coverage on Cameco in a research note on Friday, April 4th. They set a "buy" rating for the company. One research 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 MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $70.03.

Cameco Stock Down 0.5%

Shares of CCJ traded down $0.26 during midday trading on Tuesday, reaching $51.33. 4,541,847 shares of the company were exchanged, compared to its average volume of 4,115,745. The stock has a 50-day moving average price of $43.73 and a 200-day moving average price of $48.82. The company has a market cap of $22.35 billion, a price-to-earnings ratio of 183.33 and a beta of 0.89. Cameco has a 1-year low of $35.00 and a 1-year high of $62.55. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released 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). The business had revenue of $549.58 million during the quarter, compared to analyst estimates of $890.07 million. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The company's revenue was up 24.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.13 EPS. Research analysts expect that Cameco will post 1.27 earnings per share for the current year.

Institutional Trading of Cameco

A number of institutional investors have recently bought and sold shares of the business. Caxton Associates LLP acquired a new stake in Cameco during the 1st quarter worth $513,000. Ashton Thomas Private Wealth LLC grew its holdings in shares of Cameco by 183.9% in the 1st quarter. Ashton Thomas Private Wealth LLC now owns 12,423 shares of the basic materials company's stock valued at $511,000 after buying an additional 8,047 shares during the period. Guardian Partners Inc. grew its holdings in shares of Cameco by 10.1% in the 1st quarter. Guardian Partners Inc. now owns 32,345 shares of the basic materials company's stock valued at $1,310,000 after buying an additional 2,970 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Cameco by 464.5% in the 1st quarter. Jones Financial Companies Lllp now owns 40,030 shares of the basic materials company's stock valued at $1,590,000 after buying an additional 32,939 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Cameco in the 1st quarter valued at $495,000. Institutional investors and hedge funds own 70.21% of the company's stock.

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.