Cameco (NYSE:CCJ) Trading 2.2% Higher - Still a Buy?

Cameco Corporation (NYSE:CCJ - Get Free Report) TSE: CCO's stock price traded up 2.2% during trading on Monday . The stock traded as high as $74.57 and last traded at $74.27. 1,372,175 shares were traded during trading, a decline of 70% from the average session volume of 4,560,173 shares. The stock had previously closed at $72.70.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Glj Research reaffirmed a "buy" rating and set a $75.27 price objective on shares of Cameco in a research note on Thursday, June 12th. UBS Group reaffirmed a "buy" rating on shares of Cameco in a research note on Tuesday, June 10th. Raymond James Financial reaffirmed an "outperform" rating on shares of Cameco in a research note on Wednesday, June 18th. Sanford C. Bernstein set a $70.00 price objective on shares of Cameco and gave the company an "outperform" rating in a research note on Tuesday, June 10th. Finally, Royal Bank Of Canada boosted their price target on shares of Cameco from $90.00 to $100.00 and gave the stock an "outperform" rating in a research note on Friday, June 20th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, Cameco has a consensus rating of "Buy" and an average target price of $80.65.

Cameco Stock Up 3.2%

The company has a market cap of $32.66 billion, a PE ratio of 187.39 and a beta of 1.03. The stock's 50 day moving average price is $62.58 and its 200-day moving average price is $51.66. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.26 and a current ratio of 2.70.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07). Cameco had a net margin of 7.50% and a return on equity of 4.47%. The firm had revenue of $549.58 million for the quarter, compared to the consensus estimate of $890.07 million. During the same quarter in the prior year, the company earned $0.13 earnings per share. The company's quarterly revenue was up 24.4% compared to the same quarter last year. On average, analysts predict that Cameco Corporation will post 1.27 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. FMR LLC increased its stake in shares of Cameco by 8.7% in the 4th quarter. FMR LLC now owns 22,639,647 shares of the basic materials company's stock worth $1,163,942,000 after acquiring an additional 1,811,876 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Cameco by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 17,084,358 shares of the basic materials company's stock worth $703,295,000 after acquiring an additional 300,088 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Cameco by 1.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,846,044 shares of the basic materials company's stock worth $865,729,000 after acquiring an additional 190,337 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Cameco by 39.3% in the 1st quarter. Alliancebernstein L.P. now owns 14,048,244 shares of the basic materials company's stock worth $578,226,000 after acquiring an additional 3,959,837 shares in the last quarter. Finally, AGF Management Ltd. increased its stake in shares of Cameco by 19.0% in 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. 70.21% of the stock is currently owned by institutional investors.

About Cameco

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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