Brokerages Set Cameco Corporation (NYSE:CCJ) Target Price at $150.40

Cameco Corporation (NYSE:CCJ) (TSE:CCO) has been given an average rating of “Moderate Buy” by the fifteen brokerages that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $150.40.

CCJ has been the topic of a number of recent analyst reports. Canadian Imperial Bank of Commerce increased their price target on shares of Cameco to $202.00 in a research note on Monday, March 9th. Glj Research reaffirmed a “buy” rating and issued a $171.20 target price (up from $100.00) on shares of Cameco in a research report on Wednesday, February 18th. Zacks Research downgraded Cameco from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 18th. TD Securities downgraded Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Cameco in a research note on Wednesday, January 14th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. McAlvany Wealth Management LLC purchased a new position in shares of Cameco in the 4th quarter valued at $812,000. Purpose Unlimited Inc. acquired a new position in shares of Cameco during the fourth quarter worth about $6,436,000. Rockefeller Capital Management L.P. boosted its position in shares of Cameco by 6.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 154,926 shares of the basic materials company’s stock worth $14,174,000 after buying an additional 9,826 shares during the period. World Investment Advisors acquired a new stake in shares of Cameco in the fourth quarter valued at about $455,000. Finally, ARP Global Capital Ltd purchased a new stake in shares of Cameco during the 4th quarter valued at about $14,438,000. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Stock Down 1.1%

Shares of NYSE:CCJ opened at $102.76 on Friday. The company has a current ratio of 2.47, a quick ratio of 1.68 and a debt-to-equity ratio of 0.14. The firm has a market cap of $44.76 billion, a price-to-earnings ratio of 105.94 and a beta of 0.98. The stock’s 50-day moving average price is $116.13 and its two-hundred day moving average price is $100.20. Cameco has a 12-month low of $35.00 and a 12-month high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Friday, February 13th. The basic materials company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.07. Cameco had a net margin of 17.00% and a return on equity of 9.35%. The business had revenue of $874.57 million for the quarter, compared to analyst estimates of $782.13 million. During the same period in the prior year, the firm posted $0.36 EPS. The company’s revenue was up 1.5% on a year-over-year basis. On average, research analysts forecast that Cameco will post 1.27 EPS for the current year.

About Cameco

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.