Cameco Co. (NYSE:CCJ) Given Consensus Rating of "Buy" by Brokerages

Cameco Co. (NYSE:CCJ - Get Free Report) TSE: CCO has received an average recommendation of "Buy" from the four ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong 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 $40.25.

A number of research analysts have recently commented on CCJ shares. Cantor Fitzgerald lowered Cameco from a "buy" rating to a "neutral" rating in a report on Tuesday, December 19th. StockNews.com lowered Cameco from a "hold" rating to a "sell" rating in a report on Thursday, April 4th. Finally, The Goldman Sachs Group began coverage on Cameco in a report on Monday, April 1st. They set a "buy" rating and a $55.00 price objective on the stock.

Institutional Trading of Cameco

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC lifted its position in shares of Cameco by 21.6% in the 3rd quarter. FMR LLC now owns 27,418,564 shares of the basic materials company's stock worth $1,087,629,000 after acquiring an additional 4,865,085 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Cameco by 37.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,068,688 shares of the basic materials company's stock worth $497,555,000 after acquiring an additional 4,644,453 shares during the period. Vanguard Group Inc. lifted its position in shares of Cameco by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 15,711,083 shares of the basic materials company's stock worth $677,148,000 after acquiring an additional 162,569 shares during the period. Capital World Investors lifted its position in shares of Cameco by 402.0% in the 1st quarter. Capital World Investors now owns 10,131,797 shares of the basic materials company's stock worth $295,084,000 after acquiring an additional 8,113,385 shares during the period. Finally, Alliancebernstein L.P. lifted its position in shares of Cameco by 6.6% in the 2nd quarter. Alliancebernstein L.P. now owns 7,926,606 shares of the basic materials company's stock worth $248,341,000 after acquiring an additional 493,514 shares during the period. Institutional investors and hedge funds own 70.21% of the company's stock.

Cameco Stock Up 0.4 %

CCJ stock traded up $0.22 during mid-day trading on Wednesday, hitting $48.41. The stock had a trading volume of 2,665,488 shares, compared to its average volume of 5,244,856. The company has a current ratio of 1.55, a quick ratio of 0.97 and a debt-to-equity ratio of 0.21. Cameco has a 1-year low of $25.11 and a 1-year high of $52.64. The company has a fifty day moving average of $43.66 and a 200 day moving average of $43.42. The stock has a market capitalization of $21.02 billion, a price-to-earnings ratio of 80.68 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 for the quarter, missing the consensus estimate of $0.21 by ($0.06). The firm had revenue of $620.00 million during the quarter. Cameco had a return on equity of 5.61% and a net margin of 13.97%. On average, equities analysts expect that Cameco will post 1.55 EPS for the current fiscal year.

Cameco Company Profile

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.