Cameco (NYSE:CCJ) Trading Up 3.1% on Analyst Upgrade

Cameco Corporation (NYSE:CCJ - Get Free Report) TSE: CCO shares shot up 3.1% on Monday after Royal Bank Of Canada raised their price target on the stock from $90.00 to $100.00. Royal Bank Of Canada currently has an outperform rating on the stock. Cameco traded as high as $70.10 and last traded at $70.37. 1,403,895 shares changed hands during trading, a decline of 68% from the average session volume of 4,411,614 shares. The stock had previously closed at $68.27.

A number of other brokerages have also weighed in on CCJ. Raymond James Financial reiterated an "outperform" rating on shares of Cameco in a research report on Wednesday. Sanford C. Bernstein set a $70.00 price objective on Cameco and gave the company an "outperform" rating in a research report on Tuesday, June 10th. Stifel Nicolaus initiated coverage on Cameco in a research report on Wednesday, March 12th. They issued a "buy" rating for the company. Stifel Canada upgraded Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. Finally, Wall Street Zen raised Cameco from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $77.30.

Institutional Investors Weigh In On Cameco

A number of institutional investors have recently made changes to their positions in CCJ. Vanguard Capital Wealth Advisors purchased a new position in Cameco in the 4th quarter worth about $839,000. Sprott Inc. lifted its holdings in Cameco by 44.5% during the fourth quarter. Sprott Inc. now owns 111,896 shares of the basic materials company's stock valued at $5,750,000 after purchasing an additional 34,483 shares in the last quarter. FNY Investment Advisers LLC boosted 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 buying an additional 18,353 shares during the period. Aigen Investment Management LP bought a new position in shares of Cameco in the fourth quarter worth about $930,000. Finally, Plato Investment Management Ltd purchased a new position in Cameco during the fourth quarter valued at $360,000. Hedge funds and other institutional investors own 70.21% of the company's stock.

Cameco Stock Up 3.0%

The company has a quick ratio of 1.26, a current ratio of 2.70 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $30.63 billion, a P/E ratio of 175.92 and a beta of 0.97. The company has a fifty day moving average price of $53.72 and a 200-day moving average price of $49.78.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released 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 firm had revenue of $549.58 million during the quarter, compared to the consensus estimate of $890.07 million. Cameco had a return on equity of 4.47% and a net margin of 7.50%. The business's revenue was up 24.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.13 EPS. As a group, research analysts forecast that Cameco Corporation will post 1.27 EPS for the current fiscal year.

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.

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