Cameco Co. (NYSE:CCJ - Get Free Report) TSE: CCO's share price was up 12.4% during mid-day trading on Monday . The stock traded as high as $67.64 and last traded at $67.92. Approximately 5,566,027 shares were traded during mid-day trading, an increase of 31% from the average daily volume of 4,253,442 shares. The stock had previously closed at $60.42.
Wall Street Analyst Weigh In
CCJ has been the topic of several research reports. Glj Research raised their target price on shares of Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a report on Wednesday, March 12th. Desjardins started coverage on shares of Cameco in a report on Friday, April 4th. They set a "buy" rating for the company. Wall Street Zen raised shares of Cameco from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Scotiabank restated an "outperform" rating on shares of Cameco in a research report on Wednesday, May 14th. Finally, The Goldman Sachs Group started coverage on shares of Cameco in a research report on Tuesday, May 20th. They issued a "buy" rating and a $65.00 price target on the stock. One equities 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 company's stock. According to data from MarketBeat.com, Cameco presently has a consensus rating of "Buy" and an average price target of $70.53.
Read Our Latest Research Report on CCJ
Cameco Stock Up 11.9%
The business has a 50-day moving average of $48.02 and a 200-day moving average of $49.19. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The stock has a market capitalization of $29.42 billion, a price-to-earnings ratio of 241.60 and a beta of 0.97.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its 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 5.39% and a return on equity of 4.34%. The firm had revenue of $549.58 million for the quarter, compared to analysts' expectations of $890.07 million. During the same quarter last year, the business earned $0.13 earnings per share. The business's revenue was up 24.4% compared to the same quarter last year. On average, sell-side analysts expect that Cameco Co. will post 1.27 EPS for the current year.
Hedge Funds Weigh In On Cameco
Several hedge funds and other institutional investors have recently made changes to their positions in CCJ. Stratos Wealth Partners LTD. boosted its stake in shares of Cameco by 21.5% in the 4th quarter. Stratos Wealth Partners LTD. now owns 36,777 shares of the basic materials company's stock valued at $1,890,000 after buying an additional 6,501 shares during the period. Choreo LLC boosted its stake in shares of Cameco by 4.0% in the fourth quarter. Choreo LLC now owns 9,310 shares of the basic materials company's stock valued at $478,000 after buying an additional 357 shares in the last quarter. Bleakley Financial Group LLC boosted its stake in shares of Cameco by 9.7% in the fourth quarter. Bleakley Financial Group LLC now owns 12,778 shares of the basic materials company's stock valued at $657,000 after buying an additional 1,134 shares in the last quarter. Financial Advocates Investment Management boosted its position in Cameco by 77.0% during the fourth quarter. Financial Advocates Investment Management now owns 8,554 shares of the basic materials company's stock worth $440,000 after purchasing an additional 3,720 shares in the last quarter. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of Cameco in the fourth quarter valued at $2,358,000. Hedge funds and other institutional investors own 70.21% of the company's stock.
About Cameco
(
Get Free Report)
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.
Further Reading
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