Cameco Corporation (NYSE:CCJ) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Analyst consensus is “Moderate Buy”: Of 18 analysts covering Cameco, 13 recommend buying and five recommend holding, with an average 12-month price target of $148.68.
• Institutional ownership remains high: Several investment firms increased their Cameco positions, and institutional investors collectively own 70.21% of the company’s stock.
• Recent financial results fell short of expectations: Cameco reported quarterly EPS of $0.13 versus the $0.26 consensus estimate, while revenue declined 6.8% year over year to $573.06 million.

Shares of Cameco Corporation (NYSE:CCJ - Get Free Report) TSE: CCO have earned an average rating of "Moderate Buy" from the eighteen analysts that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $148.6833.

A number of research analysts recently weighed in on CCJ shares. Citigroup reaffirmed a "positive" rating on shares of Cameco in a research note on Wednesday, July 15th. Weiss Ratings cut Cameco from a "hold (c)" rating to a "hold (c-)" rating in a report on Wednesday, August 12th. Royal Bank Of Canada raised their target price on Cameco from $160.00 to $175.00 and gave the company an "outperform" rating in a research report on Monday, June 29th. Wall Street Zen lowered Cameco from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, Jefferies Financial Group began coverage on Cameco in a research report on Thursday, September 3rd. They set a "buy" rating and a $138.00 price target for the company.

Institutional Investors Weigh In On Cameco

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Clearstead Advisors LLC lifted its stake in shares of Cameco by 0.8% in the fourth quarter. Clearstead Advisors LLC now owns 10,158 shares of the basic materials company's stock worth $929,000 after buying an additional 85 shares in the last quarter. HB Wealth Management LLC boosted its position in Cameco by 3.1% during the first quarter. HB Wealth Management LLC now owns 3,560 shares of the basic materials company's stock worth $387,000 after acquiring an additional 107 shares during the last quarter. Groupama Asset Managment grew its stake in Cameco by 5.9% during the 4th quarter. Groupama Asset Managment now owns 1,928 shares of the basic materials company's stock valued at $176,000 after acquiring an additional 108 shares in the last quarter. Kingsview Wealth Management LLC grew its stake in Cameco by 3.4% during the 4th quarter. Kingsview Wealth Management LLC now owns 3,435 shares of the basic materials company's stock valued at $314,000 after acquiring an additional 114 shares in the last quarter. Finally, Syon Capital LLC raised its holdings in Cameco by 1.5% in the 4th quarter. Syon Capital LLC now owns 8,246 shares of the basic materials company's stock valued at $754,000 after acquiring an additional 125 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company's stock.

Cameco Price Performance

Shares of NYSE CCJ opened at $91.81 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.10 and a current ratio of 3.06. The firm has a fifty day moving average of $94.92 and a 200 day moving average of $104.86. The firm has a market cap of $39.99 billion, a PE ratio of 155.61, a PEG ratio of 1.59 and a beta of 1.06. Cameco has a one year low of $77.70 and a one year high of $135.24.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly earnings data on Friday, July 31st. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.13). The company had revenue of $573.06 million for the quarter, compared to analysts' expectations of $579.60 million. Cameco had a net margin of 10.20% and a return on equity of 7.59%. The business's revenue for the quarter was down 6.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.71 earnings per share. As a group, research analysts predict that Cameco will post 1.27 EPS for the current fiscal year.

About Cameco

Cameco Corporation is a Canadian uranium company headquartered in Saskatoon, Saskatchewan. Established in 1988 through the merger of Saskatchewan Mining Development Corporation and Eldorado Nuclear Limited, Cameco is one of the world's largest publicly traded uranium producers.

The company explores, develops and operates uranium mines, primarily in Canada, the United States and Kazakhstan. Its assets include the McArthur River and Cigar Lake operations in northern Saskatchewan, as well as interests in the Inkai operation in Kazakhstan.

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