Cameco (NYSE:CCJ) Reaches New 1-Year High at $53.51

Cameco Co. (NYSE:CCJ - Get Free Report) TSE: CCO's share price reached a new 52-week high on Monday . The company traded as high as $53.51 and last traded at $53.51, with a volume of 66418 shares trading hands. The stock had previously closed at $53.05.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Cameco in a research report on Monday, April 1st. They issued a "buy" rating and a $55.00 target price for the company. StockNews.com cut shares of Cameco from a "hold" rating to a "sell" rating in a research note on Thursday, April 4th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $62.75.

Cameco Stock Up 1.8 %

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 firm's 50 day simple moving average is $47.20 and its two-hundred day simple moving average is $45.32. The firm has a market cap of $23.46 billion, a price-to-earnings ratio of 138.41 and a beta of 0.92.

Institutional Trading of Cameco

Several hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC increased its holdings in Cameco by 21.6% in the 3rd quarter. FMR LLC now owns 27,418,564 shares of the basic materials company's stock valued at $1,087,629,000 after buying an additional 4,865,085 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Cameco by 74.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,730,858 shares of the basic materials company's stock valued at $227,365,000 after buying an additional 2,442,190 shares during the period. Norges Bank bought a new stake in shares of Cameco during the 4th quarter valued at approximately $99,511,000. Platinum Investment Management Ltd. grew its holdings in shares of Cameco by 156.3% during the 3rd quarter. Platinum Investment Management Ltd. now owns 3,089,235 shares of the basic materials company's stock valued at $122,605,000 after purchasing an additional 1,884,004 shares during the last quarter. Finally, Rheos Capital Works Inc. bought a new stake in shares of Cameco during the 4th quarter valued at approximately $61,245,000. Institutional investors and hedge funds own 70.21% of the company's stock.

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.