Cameco (NYSE:CCJ) Rating Increased to Hold at Barclays

Barclays upgraded shares of Cameco (NYSE:CCJ) (TSE:CCO) to a hold rating in a research note issued to investors on Thursday morning,Zacks.com reports.

CCJ has been the topic of a number of other research reports. Sanford C. Bernstein restated an “outperform” rating and set a $147.00 target price on shares of Cameco in a research report on Thursday, February 5th. TD Securities lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Scotiabank restated an “outperform” rating and set a $175.00 target price on shares of Cameco in a research report on Wednesday, May 6th. Royal Bank Of Canada increased their target price on shares of Cameco from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. Finally, Canadian Imperial Bank of Commerce upped their price target on shares of Cameco to $202.00 in a report on Monday, March 9th. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $148.62.

Cameco Stock Performance

Shares of NYSE:CCJ opened at $104.71 on Thursday. The company’s 50 day moving average price is $113.20 and its two-hundred day moving average price is $107.18. Cameco has a 12-month low of $55.11 and a 12-month high of $135.24. The firm has a market cap of $45.61 billion, a PE ratio of 96.96, a PEG ratio of 1.78 and a beta of 1.04. The company has a quick ratio of 2.09, a current ratio of 3.08 and a debt-to-equity ratio of 0.14.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The firm had revenue of $607.49 million for the quarter, compared to analyst estimates of $598.63 million. During the same quarter in the prior year, the business posted $0.16 EPS. The business’s revenue was up 7.1% compared to the same quarter last year. Equities research analysts predict that Cameco will post 1.32 earnings per share for the current year.

Institutional Trading of Cameco

Institutional investors and hedge funds have recently made changes to their positions in the company. Sterling Capital Management LLC bought a new stake in shares of Cameco during the 1st quarter worth approximately $30,000. Nisa Investment Advisors LLC bought a new stake in shares of Cameco during the 4th quarter worth approximately $25,000. Brown Lisle Cummings Inc. lifted its holdings in shares of Cameco by 3,200.0% during the 1st quarter. Brown Lisle Cummings Inc. now owns 297 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 288 shares during the period. Founders Capital Management bought a new position in Cameco in the 4th quarter valued at approximately $27,000. Finally, Mcguire Capital Advisors Inc. bought a new position in Cameco in the 4th quarter valued at approximately $28,000. Institutional investors own 70.21% of the company’s stock.

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.