Several other research analysts have also recently weighed in on the stock. Royal Bank of Canada cut their price target on shares of Cameco from C$50.00 to C$45.00 in a report on Friday, May 6th. Bank of America boosted their price target on shares of Cameco from C$40.00 to C$46.00 in a report on Tuesday, April 12th. StockNews.com upgraded shares of Cameco from a “sell” rating to a “hold” rating in a report on Thursday, May 12th. Raymond James lifted their price objective on shares of Cameco from C$40.00 to C$47.00 in a research report on Wednesday, April 20th. Finally, Canaccord Genuity Group lowered their price objective on shares of Cameco from C$44.00 to C$43.00 in a research report on Friday, May 6th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $41.89.
Cameco Stock Down 2.0 %
Shares of NYSE CCJ opened at $24.66 on Tuesday. The stock has a market capitalization of $9.83 billion, a P/E ratio of 205.52 and a beta of 1.00. The company has a 50-day moving average price of $23.27 and a 200-day moving average price of $24.20. Cameco has a 1 year low of $15.34 and a 1 year high of $32.49. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.02 and a quick ratio of 4.84.
Institutional Trading of Cameco
Several hedge funds and other institutional investors have recently modified their holdings of CCJ. AdvisorNet Financial Inc bought a new stake in Cameco during the 1st quarter worth approximately $29,000. Bank of New Hampshire purchased a new position in shares of Cameco during the 1st quarter valued at $34,000. Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Cameco by 400.0% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,500 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 1,200 shares during the period. JFS Wealth Advisors LLC increased its holdings in shares of Cameco by 92.9% in the first quarter. JFS Wealth Advisors LLC now owns 1,686 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 812 shares during the period. Finally, 1832 Asset Management L.P. raised its position in shares of Cameco by 61.9% in the first quarter. 1832 Asset Management L.P. now owns 1,700 shares of the basic materials company’s stock worth $49,000 after buying an additional 650 shares in the last quarter. Institutional investors own 57.95% of the company’s stock.
Cameco Corporation produces and sells uranium. It operates through two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as 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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