Cameco (NYSE:CCJ) Shares Up 2.5%

Cameco Co. (NYSE:CCJ - Get Free Report) TSE: CCO shares rose 2.5% during trading on Wednesday . The company traded as high as $49.09 and last traded at $49.09. Approximately 2,804,241 shares were traded during trading, a decline of 46% from the average daily volume of 5,213,768 shares. The stock had previously closed at $47.90.

Analysts Set New Price Targets

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

Cameco Stock Up 2.6 %

The company has a quick ratio of 0.97, a current ratio of 1.55 and a debt-to-equity ratio of 0.21. The stock has a 50-day simple moving average of $43.60 and a 200-day simple moving average of $43.09. The firm has a market capitalization of $21.34 billion, a PE ratio of 81.93 and a beta of 0.92.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released 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. Analysts forecast that Cameco Co. will post 2.11 EPS for the current year.

Institutional Trading of Cameco

A number of large investors have recently bought and sold shares of CCJ. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Cameco by 37.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,068,688 shares of the basic materials company's stock valued at $497,555,000 after purchasing an additional 4,644,453 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Cameco by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 454,418 shares of the basic materials company's stock valued at $13,223,000 after purchasing an additional 9,757 shares in the last quarter. American Century Companies Inc. grew its position in shares of Cameco by 6.0% in the first quarter. American Century Companies Inc. now owns 25,154 shares of the basic materials company's stock valued at $733,000 after purchasing an additional 1,414 shares in the last quarter. BlackRock Inc. grew its position in shares of Cameco by 10.4% in the first quarter. BlackRock Inc. now owns 554,571 shares of the basic materials company's stock valued at $16,138,000 after purchasing an additional 52,341 shares in the last quarter. Finally, Aviva PLC purchased a new position in shares of Cameco in the first quarter valued at $819,000. 70.21% of the stock is owned by hedge funds and other institutional investors.

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.