Brokerages Set Cameco Corporation (NYSE:CCJ) Price Target at $143.03

Shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) have been assigned an average rating of “Moderate Buy” from the sixteen brokerages that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $143.0286.

Several research firms have weighed in on CCJ. Sanford C. Bernstein restated an “outperform” rating and set a $147.00 target price on shares of Cameco in a report on Thursday, February 5th. Weiss Ratings raised Cameco from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Wall Street Zen lowered Cameco from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. UBS Group began coverage on Cameco in a research report on Monday, November 10th. They set a “neutral” rating and a $140.00 target price for the company. Finally, Glj Research reissued a “buy” rating and issued a $171.20 price target (up from $100.00) on shares of Cameco in a research report on Wednesday, February 18th.

Cameco Stock Performance

CCJ stock opened at $114.20 on Tuesday. The firm has a 50 day moving average of $114.03 and a two-hundred day moving average of $95.95. Cameco has a 12 month low of $35.00 and a 12 month high of $135.24. The company has a market capitalization of $49.74 billion, a price-to-earnings ratio of 117.73 and a beta of 0.98. The company has a quick ratio of 1.68, a current ratio of 2.47 and a debt-to-equity ratio of 0.14.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Friday, February 13th. The basic materials company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. The business had revenue of $874.57 million for the quarter, compared to the consensus estimate of $782.13 million. Cameco had a net margin of 17.00% and a return on equity of 9.35%. Cameco’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.36 EPS. As a group, equities analysts anticipate that Cameco will post 1.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Cameco

Hedge funds have recently bought and sold shares of the company. Bison Wealth LLC increased its stake in shares of Cameco by 16.1% in the fourth quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company’s stock worth $1,102,000 after purchasing an additional 2,975 shares during the period. AQR Capital Management LLC grew its holdings in Cameco by 16.6% in the 1st quarter. AQR Capital Management LLC now owns 9,547 shares of the basic materials company’s stock valued at $393,000 after buying an additional 1,361 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in Cameco by 48.7% in the 1st quarter. Integrated Wealth Concepts LLC now owns 8,485 shares of the basic materials company’s stock worth $349,000 after buying an additional 2,780 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Cameco by 11.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 604,841 shares of the basic materials company’s stock worth $24,895,000 after buying an additional 64,512 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Cameco during the second quarter worth approximately $267,000. 70.21% of the stock is currently owned by institutional investors.

Cameco Company Profile

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.