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

Shares of Cameco Co. (NYSE:CCJGet Free Report) (TSE:CCO) have been given a consensus recommendation of “Buy” by the four brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $40.25.

A number of equities analysts recently weighed in on the stock. StockNews.com cut shares of Cameco from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. The Goldman Sachs Group assumed coverage on shares of Cameco in a research report on Monday, April 1st. They set a “buy” rating and a $55.00 price objective for the company.

Check Out Our Latest Stock Analysis on CCJ

Hedge Funds Weigh In On Cameco

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CCJ. FMR LLC boosted its position in Cameco by 21.6% in the 3rd 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. Connor Clark & Lunn Investment Management Ltd. boosted its position in Cameco by 74.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,730,858 shares of the basic materials company’s stock valued at $227,365,000 after buying an additional 2,442,190 shares during the period. Norges Bank purchased a new position in Cameco in the 4th quarter valued at approximately $99,511,000. Platinum Investment Management Ltd. boosted its position in Cameco by 156.3% in the 3rd quarter. Platinum Investment Management Ltd. now owns 3,089,235 shares of the basic materials company’s stock valued at $122,605,000 after buying an additional 1,884,004 shares during the period. Finally, Rheos Capital Works Inc. purchased a new position in Cameco in the 4th quarter valued at approximately $61,245,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Stock Up 6.5 %

Shares of NYSE CCJ opened at $53.05 on Friday. The company has a 50 day simple moving average of $46.93 and a 200-day simple moving average of $45.22. The company has a market capitalization of $23.06 billion, a P/E ratio of 136.03 and a beta of 0.92. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.42 and a quick ratio of 0.69. Cameco has a 1 year low of $26.15 and a 1 year high of $53.38.

Cameco Company Profile

(Get Free Report

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.

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