Cameco (NYSE:CCJ) Stock Rating Upgraded by Cantor Fitzgerald

Cantor Fitzgerald upgraded shares of Cameco (NYSE:CCJ) (TSE:CCO) from a neutral rating to an overweight rating in a report published on Wednesday, MarketBeat.com reports.

CCJ has been the subject of a number of other research reports. StockNews.com lowered shares of Cameco from a hold rating to a sell rating in a report on Thursday, April 4th. Bank of America boosted their price target on shares of Cameco from $59.00 to $60.50 and gave the company a buy rating in a report on Wednesday, June 26th. Finally, The Goldman Sachs Group boosted their price target on shares of Cameco from $56.00 to $62.00 and gave the company a buy rating in a report on Friday, June 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $63.70.

Cameco Price Performance

CCJ opened at $38.03 on Wednesday. The company has a fifty day moving average price of $50.28 and a two-hundred day moving average price of $47.62. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.69 and a current ratio of 3.22. Cameco has a 52 week low of $32.89 and a 52 week high of $56.24. The firm has a market capitalization of $16.55 billion, a PE ratio of 97.51 and a beta of 0.92.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Wednesday, July 31st. The basic materials company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). Cameco had a return on equity of 5.63% and a net margin of 9.72%. The business had revenue of $598.00 million for the quarter, compared to analyst estimates of $756.00 million. During the same period in the prior year, the firm posted ($0.01) EPS. Cameco’s revenue was up 24.1% on a year-over-year basis. As a group, analysts anticipate that Cameco will post 1.06 earnings per share for the current year.

Hedge Funds Weigh In On Cameco

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Cameco by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 15,911,954 shares of the basic materials company’s stock worth $689,306,000 after buying an additional 200,871 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Cameco by 2.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,711,154 shares of the basic materials company’s stock worth $593,967,000 after buying an additional 288,400 shares during the last quarter. Capital World Investors boosted its stake in shares of Cameco by 1.6% during the 1st quarter. Capital World Investors now owns 13,708,235 shares of the basic materials company’s stock worth $593,524,000 after buying an additional 215,741 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Cameco by 3.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,514,500 shares of the basic materials company’s stock worth $282,210,000 after buying an additional 202,157 shares during the last quarter. Finally, National Bank of Canada FI lifted its stake in Cameco by 25.6% in the 4th quarter. National Bank of Canada FI now owns 4,180,221 shares of the basic materials company’s stock valued at $175,714,000 after purchasing an additional 850,704 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

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.