Cameco (NYSE:CCJ) (TSE:CCO)'s stock had its "hold" rating restated by stock analysts at Royal Bank of Canada in a report issued on Thursday, AnalystRatings.com reports. They currently have a $14.00 price objective on the basic materials company's stock. Royal Bank of Canada's target price would indicate a potential upside of 37.25% from the stock's previous close.
A number of other brokerages also recently issued reports on CCJ. Zacks Investment Research raised shares of Cameco from a "hold" rating to a "strong-buy" rating and set a $13.00 price objective for the company in a research report on Friday, July 17th. BMO Capital Markets upped their price objective on shares of Cameco from $12.00 to $16.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 5th. ValuEngine downgraded shares of Cameco from a "buy" rating to a "hold" rating in a research report on Friday, May 1st. CIBC raised shares of Cameco from a "neutral" rating to an "outperform" rating in a research report on Wednesday, April 1st. Finally, Raymond James reissued a "buy" rating and set a $14.50 target price on shares of Cameco in a research report on Thursday, April 9th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. The company presently has an average rating of "Buy" and a consensus target price of $13.92.
CCJ stock traded down $0.32 during midday trading on Thursday, hitting $10.20. The stock had a trading volume of 221,007 shares, compared to its average volume of 2,573,017. The firm has a market cap of $4.04 billion, a P/E ratio of 72.93 and a beta of 0.90. The company has a current ratio of 5.58, a quick ratio of 4.56 and a debt-to-equity ratio of 0.20. Cameco has a 1-year low of $5.30 and a 1-year high of $12.33. The business has a fifty day moving average price of $10.70 and a two-hundred day moving average price of $9.41.
Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Wednesday, July 29th. The basic materials company reported ($0.16) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.05) by ($0.11). Cameco had a return on equity of 2.10% and a net margin of 3.86%. The business had revenue of $525.00 million during the quarter, compared to analyst estimates of $414.76 million. During the same quarter in the prior year, the company earned ($0.04) EPS. The company's revenue was up 35.3% on a year-over-year basis. On average, equities analysts anticipate that Cameco will post -0.04 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in CCJ. Valeo Financial Advisors LLC grew its position in shares of Cameco by 156.6% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,422 shares of the basic materials company's stock valued at $25,000 after acquiring an additional 1,478 shares during the period. JFS Wealth Advisors LLC purchased a new position in Cameco in the 1st quarter worth $35,000. 1832 Asset Management L.P. raised its position in Cameco by 264.7% in the 1st quarter. 1832 Asset Management L.P. now owns 6,200 shares of the basic materials company's stock worth $48,000 after purchasing an additional 4,500 shares during the period. Creative Financial Designs Inc. ADV raised its position in Cameco by 118.5% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 7,021 shares of the basic materials company's stock worth $54,000 after purchasing an additional 3,808 shares during the period. Finally, Quadrant Capital Group LLC raised its position in Cameco by 318.8% in the 4th quarter. Quadrant Capital Group LLC now owns 6,851 shares of the basic materials company's stock worth $59,000 after purchasing an additional 5,215 shares during the period. 56.03% of the stock is owned by hedge funds and other institutional investors.
Cameco Company Profile
Cameco Corporation produces and sells uranium worldwide. The company operates in two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrate. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; and the Inkai property located in Kazakhstan.
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