Cameco Corporation (NYSE:CCJ) Stock Has Consensus Price Target of $148.68 According to Brokerages

Key Points

• Analysts maintain a moderately bullish view: Cameco has a consensus “Moderate Buy” rating from 17 firms, with 12 buys, four holds and one sell. The average 12-month price target is $148.68 versus the stock’s $86.20 price.
• Recent analyst targets are mixed but generally positive: RBC raised its target to $175, while Bank of America lowered its target to $140; Jefferies initiated coverage with a $138 target, and Zacks downgraded the stock to “strong sell.”
• Quarterly results weakened year over year: Cameco reported $0.13 in EPS, missing the $0.26 consensus estimate, while revenue fell 6.8% to $573.06 million. Institutional investors own approximately 70.21% of the company.

Shares of Cameco Corporation (NYSE:CCJ - Get Free Report) TSE: CCO have been given an average recommendation of "Moderate Buy" by the seventeen ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and twelve have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $148.68.

CCJ has been the topic of several recent research reports. Bank of America dropped their price objective on shares of Cameco from $143.00 to $140.00 and set a "buy" rating on the stock in a research note on Thursday, July 9th. Jefferies Financial Group assumed coverage on shares of Cameco in a research note on Thursday, September 3rd. They issued a "buy" rating and a $138.00 target price for the company. Zacks Research downgraded shares of Cameco from a "hold" rating to a "strong sell" rating in a report on Monday, October 5th. Citigroup reaffirmed a "positive" rating on shares of Cameco in a report on Wednesday, July 15th. Finally, Royal Bank Of Canada boosted their price target on shares of Cameco from $160.00 to $175.00 and gave the stock an "outperform" rating in a research note on Monday, June 29th.

Institutional Investors Weigh In On Cameco

Institutional investors have recently added to or reduced their stakes in the business. HB Wealth Management LLC raised its stake in shares of 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 buying an additional 107 shares during the last quarter. Groupama Asset Managment lifted its holdings in Cameco by 5.9% in the fourth quarter. Groupama Asset Managment now owns 1,928 shares of the basic materials company's stock valued at $176,000 after buying an additional 108 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in Cameco by 0.8% in the second quarter. Integrated Wealth Concepts LLC now owns 15,123 shares of the basic materials company's stock valued at $1,540,000 after buying an additional 125 shares during the period. QRG Capital Management Inc. boosted its stake in Cameco by 4.1% in the first quarter. QRG Capital Management Inc. now owns 3,414 shares of the basic materials company's stock valued at $371,000 after acquiring an additional 134 shares during the last quarter. Finally, Montag A & Associates Inc. boosted its stake in Cameco by 7.8% in the first quarter. Montag A & Associates Inc. now owns 1,940 shares of the basic materials company's stock valued at $211,000 after acquiring an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 70.21% of the company's stock.

Cameco Trading Up 0.1%

NYSE:CCJ opened at $86.20 on Wednesday. Cameco has a 12-month low of $77.70 and a 12-month high of $135.24. The company has a current ratio of 3.06, a quick ratio of 2.10 and a debt-to-equity ratio of 0.14. The stock's 50 day simple moving average is $94.89 and its 200-day simple moving average is $101.94. The firm has a market cap of $37.54 billion, a P/E ratio of 146.11, a PEG ratio of 1.76 and a beta of 1.17.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings results on Friday, July 31st. The basic materials company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.13). Cameco had a return on equity of 7.59% and a net margin of 10.20%. The company had revenue of $573.06 million for the quarter, compared to analysts' expectations of $579.60 million. During the same quarter last year, the company earned $0.71 EPS. Cameco's revenue for the quarter was down 6.8% compared to the same quarter last year. Equities analysts anticipate that Cameco will post 1.07 EPS for the current year.

Cameco Company Profile

Cameco Corporation is a Canadian uranium company headquartered in Saskatoon, Saskatchewan. It is one of the world's major suppliers of uranium, producing uranium concentrates used to generate nuclear power. The company's operations span uranium exploration, mining, milling, refining, conversion and fuel manufacturing.

Cameco operates or has interests in uranium assets in Canada, the United States and Kazakhstan. Its Canadian portfolio includes the McArthur River and Cigar Lake mines and the Key Lake and McClean Lake milling operations in northern Saskatchewan.

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