Cameco (NYSE:CCJ) Hits New 1-Year High at $52.36

Cameco Co. (NYSE:CCJ - Get Free Report) TSE: CCO shares hit a new 52-week high on Friday . The stock traded as high as $52.36 and last traded at $52.09, with a volume of 1485570 shares trading hands. The stock had previously closed at $50.47.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CCJ shares. The Goldman Sachs Group assumed coverage on Cameco in a research note on Monday, April 1st. They set a "buy" rating and a $55.00 price objective for the company. Cantor Fitzgerald cut shares of Cameco from a "buy" rating to a "neutral" rating in a research report on Tuesday, December 19th. Finally, StockNews.com downgraded Cameco from a "hold" rating to a "sell" rating in a research report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $62.75.

Cameco Price Performance

The stock's 50 day simple moving average is $43.63 and its 200-day simple moving average is $43.18. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.97 and a current ratio of 1.55. The firm has a market cap of $21.52 billion, a price-to-earnings ratio of 84.10 and a beta of 0.92.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its earnings results on Thursday, February 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.06). Cameco had a return on equity of 5.61% and a net margin of 13.97%. The firm had revenue of $620.00 million during the quarter. Equities research analysts anticipate that Cameco Co. will post 1.55 EPS for the current fiscal year.

Institutional Trading of Cameco

Several institutional investors and hedge funds have recently bought and sold shares of the business. Pacifica Partners Inc. raised its holdings in shares of Cameco by 17.9% during the first quarter. Pacifica Partners Inc. now owns 120,340 shares of the basic materials company's stock worth $5,041,000 after purchasing an additional 18,273 shares during the last quarter. Murphy Pohlad Asset Management LLC increased its holdings in shares of Cameco by 0.3% during the 1st quarter. Murphy Pohlad Asset Management LLC now owns 75,720 shares of the basic materials company's stock valued at $3,280,000 after purchasing an additional 200 shares in the last quarter. Westend Capital Management LLC acquired a new position in shares of Cameco in the first quarter worth about $11,053,000. Ballentine Partners LLC acquired a new position in Cameco in the 1st quarter worth about $273,000. Finally, Bank of New Hampshire raised its stake in shares of Cameco by 21.9% during the 1st quarter. Bank of New Hampshire now owns 39,453 shares of the basic materials company's stock worth $1,709,000 after buying an additional 7,076 shares during the period. 70.21% of the stock is currently owned by institutional investors and hedge funds.

About Cameco

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.