Cameco Co. (NYSE:CCJ) Receives $40.25 Consensus Target Price from Brokerages

Cameco Co. (NYSE:CCJ) (TSE:CCO) has earned an average rating of “Buy” from the four research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $40.25.

CCJ has been the topic of several recent research reports. StockNews.com downgraded Cameco from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. The Goldman Sachs Group started coverage on Cameco in a research report on Monday, April 1st. They set a “buy” rating and a $55.00 target price on the stock.

Institutional Investors Weigh In On Cameco

Several large investors have recently added to or reduced their stakes in the business. FMR LLC boosted its stake in Cameco by 21.6% during the third 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. Mirae Asset Global Investments Co. Ltd. boosted its stake in Cameco by 37.4% during 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 buying an additional 4,644,453 shares during the period. Vanguard Group Inc. raised its position in Cameco by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 15,711,083 shares of the basic materials company’s stock valued at $677,148,000 after purchasing an additional 162,569 shares in the last quarter. Capital World Investors raised its position in Cameco by 402.0% during the first quarter. Capital World Investors now owns 10,131,797 shares of the basic materials company’s stock valued at $295,084,000 after purchasing an additional 8,113,385 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in Cameco by 6.6% during the second quarter. Alliancebernstein L.P. now owns 7,926,606 shares of the basic materials company’s stock valued at $248,341,000 after purchasing an additional 493,514 shares in the last quarter. Institutional investors own 70.21% of the company’s stock.

Cameco Trading Down 0.1 %

NYSE:CCJ opened at $48.11 on Wednesday. The company has a market cap of $20.89 billion, a P/E ratio of 80.18 and a beta of 0.92. The stock’s fifty day moving average price is $43.81 and its two-hundred day moving average price is $43.53. Cameco has a 1 year low of $25.11 and a 1 year high of $52.64. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.55 and a quick ratio of 0.97.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Thursday, February 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.06). The company had revenue of $620.00 million for the quarter. Cameco had a return on equity of 5.61% and a net margin of 13.97%. As a group, analysts expect that Cameco will post 1.55 EPS for the current year.

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.