Cameco Corporation (NYSE:CCJ - Get Free Report) TSE: CCO shares rose 3% during trading on Thursday . The stock traded as high as $73.30 and last traded at $73.59. Approximately 1,650,638 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 4,432,891 shares. The stock had previously closed at $71.43.
Wall Street Analysts Forecast Growth
CCJ has been the topic of a number of research reports. Stifel Nicolaus began coverage on Cameco in a research note on Wednesday, March 12th. They set a "buy" rating on the stock. Royal Bank Of Canada increased their target price on Cameco from $90.00 to $100.00 and gave the stock an "outperform" rating in a report on Friday, June 20th. Raymond James Financial reissued an "outperform" rating on shares of Cameco in a research report on Wednesday, June 18th. Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. Finally, Scotiabank restated an "outperform" rating on shares of Cameco in a report on Wednesday, May 14th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $77.30.
Check Out Our Latest Stock Report on CCJ
Cameco Trading Up 3.7%
The company has a debt-to-equity ratio of 0.15, a current ratio of 2.70 and a quick ratio of 1.26. The company has a market capitalization of $32.24 billion, a P/E ratio of 185.30 and a beta of 0.97. The firm has a fifty day moving average price of $55.52 and a 200-day moving average price of $50.15.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings data 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 business had revenue of $549.58 million during the quarter, compared to the consensus estimate of $890.07 million. Cameco had a net margin of 7.50% and a return on equity of 4.47%. The firm's revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.13 EPS. On average, equities research analysts anticipate that Cameco Corporation will post 1.27 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Capital Wealth Advisors bought a new position in Cameco during the fourth quarter valued at $839,000. Sprott Inc. grew its stake in shares of Cameco by 44.5% during the 4th quarter. Sprott Inc. now owns 111,896 shares of the basic materials company's stock worth $5,750,000 after acquiring an additional 34,483 shares during the period. FNY Investment Advisers LLC increased its holdings in Cameco by 583.2% in the 1st quarter. FNY Investment Advisers LLC now owns 21,500 shares of the basic materials company's stock worth $884,000 after acquiring an additional 18,353 shares during the last quarter. Aigen Investment Management LP bought a new stake in Cameco in the 4th quarter valued at about $930,000. Finally, Plato Investment Management Ltd bought a new stake in Cameco in the 4th quarter valued at about $360,000. 70.21% of the stock is owned by institutional investors.
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.
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