Shares of Cameco Co. (NYSE:CCJ - Get Free Report) TSE: CCO reached a new 52-week high during trading on Tuesday . The company traded as high as $52.80 and last traded at $51.69, with a volume of 2948750 shares traded. The stock had previously closed at $50.73.
Analysts Set New Price Targets
CCJ has been the topic of several research reports. StockNews.com downgraded Cameco from a "hold" rating to a "sell" rating in a research report on Thursday, April 4th. The Goldman Sachs Group began coverage on Cameco in a research note on Monday, April 1st. They set a "buy" rating and a $55.00 target price for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $62.75.
Read Our Latest Stock Analysis on Cameco
Cameco Stock Performance
The company has a current ratio of 1.42, a quick ratio of 0.69 and a debt-to-equity ratio of 0.17. The stock's fifty day simple moving average is $45.47 and its 200 day simple moving average is $44.59. The company has a market cap of $22.47 billion, a price-to-earnings ratio of 132.69 and a beta of 0.92.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly earnings results on Thursday, February 8th. The basic materials company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.06). The company had revenue of $620.00 million during the quarter. Cameco had a net margin of 9.28% and a return on equity of 4.60%. As a group, analysts anticipate that Cameco Co. will post 1.37 earnings per share for the current year.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the company. Venturi Wealth Management LLC increased its stake in Cameco by 235.3% during the 1st quarter. Venturi Wealth Management LLC now owns 570 shares of the basic materials company's stock worth $25,000 after buying an additional 400 shares during the period. Principal Securities Inc. purchased a new stake in shares of Cameco during the fourth quarter worth $29,000. Allworth Financial LP raised its stake in shares of Cameco by 1,049.2% in the third quarter. Allworth Financial LP now owns 747 shares of the basic materials company's stock valued at $30,000 after acquiring an additional 682 shares in the last quarter. Versant Capital Management Inc purchased a new position in Cameco in the fourth quarter valued at $34,000. Finally, Sandy Spring Bank acquired a new position in Cameco during the 4th quarter worth $43,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.
About Cameco
(
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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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