Cameco Corp (CCJ) Given Consensus Recommendation of “Hold” by Analysts

Shares of Cameco Corp (NYSE:CCJ) (TSE:CCO) have received a consensus rating of “Hold” from the ten research firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $22.00.

A number of equities analysts have commented on CCJ shares. TheStreet upgraded Cameco from a “d+” rating to a “c-” rating in a research note on Tuesday, April 24th. ValuEngine upgraded Cameco from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. TD Securities upgraded Cameco from a “hold” rating to a “buy” rating in a research note on Thursday, July 26th. BMO Capital Markets downgraded Cameco from an “outperform” rating to a “market perform” rating and set a $15.00 target price for the company. in a research note on Thursday, July 26th. Finally, Zacks Investment Research upgraded Cameco from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Monday, April 30th.

Cameco traded down $0.27, reaching $10.77, during mid-day trading on Tuesday, MarketBeat.com reports. The stock had a trading volume of 1,892,802 shares, compared to its average volume of 2,291,628. The company has a market capitalization of $4.37 billion, a price-to-earnings ratio of 89.75 and a beta of 1.09. Cameco has a 1-year low of $7.68 and a 1-year high of $12.19. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.58 and a current ratio of 6.16.



Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Wednesday, July 25th. The basic materials company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.06). Cameco had a positive return on equity of 1.61% and a negative net margin of 10.03%. The firm had revenue of $333.00 million during the quarter, compared to analyst estimates of $392.80 million. During the same quarter last year, the business posted ($0.11) earnings per share. The firm’s revenue for the quarter was down 29.1% on a year-over-year basis. equities research analysts forecast that Cameco will post 0.26 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of CCJ. Bank of New York Mellon Corp boosted its holdings in Cameco by 6.1% in the fourth quarter. Bank of New York Mellon Corp now owns 428,665 shares of the basic materials company’s stock worth $3,958,000 after purchasing an additional 24,577 shares in the last quarter. Raymond James & Associates boosted its holdings in Cameco by 25.3% in the fourth quarter. Raymond James & Associates now owns 79,862 shares of the basic materials company’s stock worth $737,000 after purchasing an additional 16,103 shares in the last quarter. Global X Management Co. LLC boosted its holdings in Cameco by 8.5% in the first quarter. Global X Management Co. LLC now owns 9,034,140 shares of the basic materials company’s stock worth $82,055,000 after purchasing an additional 707,963 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Cameco in the first quarter worth $190,000. Finally, General American Investors Co. Inc. boosted its holdings in Cameco by 21.6% in the first quarter. General American Investors Co. Inc. now owns 1,127,947 shares of the basic materials company’s stock worth $10,253,000 after purchasing an additional 200,000 shares in the last quarter. Institutional investors and hedge funds own 53.17% of the company’s stock.

About Cameco

Cameco Corporation produces and sells uranium worldwide. The company operates through three segments: Uranium, Fuel Services, and NUKEM. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrates. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; the Inkai property situated in Kazakhstan; the Smith Ranch-Highland property located in Wyoming, the United States; and the Crow Butte property situated in Nebraska, the United States.

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Analyst Recommendations for Cameco (NYSE:CCJ)

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