Cameco Co. (NYSE:CCJ) Receives $66.56 Consensus Price Target from Brokerages

Shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) have earned an average rating of “Buy” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $66.56.

A number of analysts recently weighed in on the stock. Bank of America increased their price objective on shares of Cameco from $59.00 to $60.50 and gave the stock a “buy” rating in a report on Wednesday, June 26th. National Bank Financial raised Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a report on Friday, October 4th. Cantor Fitzgerald raised Cameco from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 31st. Finally, Glj Research reissued a “buy” rating and issued a $63.73 price target on shares of Cameco in a research note on Wednesday, August 14th.

Institutional Trading of Cameco

Several institutional investors have recently modified their holdings of the company. Bornite Capital Management LP acquired a new stake in Cameco in the 4th quarter valued at about $6,590,000. Tidal Investments LLC lifted its stake in Cameco by 15.5% during the first quarter. Tidal Investments LLC now owns 20,036 shares of the basic materials company’s stock valued at $868,000 after purchasing an additional 2,683 shares during the last quarter. LRI Investments LLC bought a new stake in Cameco during the first quarter worth approximately $30,000. Susquehanna Fundamental Investments LLC acquired a new position in Cameco in the first quarter worth approximately $295,000. Finally, Councilmark Asset Management LLC bought a new position in shares of Cameco in the first quarter valued at $1,760,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Performance

Shares of CCJ stock opened at $51.35 on Wednesday. The company has a quick ratio of 1.48, a current ratio of 3.22 and a debt-to-equity ratio of 0.23. The business has a 50 day moving average of $42.51 and a two-hundred day moving average of $47.21. The company has a market cap of $22.35 billion, a P/E ratio of 131.67 and a beta of 0.90. Cameco has a 52 week low of $35.43 and a 52 week high of $56.24.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data 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). The company had revenue of $598.00 million for the quarter, compared to the consensus estimate of $756.00 million. Cameco had a return on equity of 5.63% and a net margin of 9.72%. Cameco’s quarterly revenue was up 24.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.01) earnings per share. As a group, analysts anticipate that Cameco will post 0.83 EPS for the current 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.