Cameco (NYSE:CCJ) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Cameco (NYSE:CCJ) (TSE:CCO) from a sell rating to a hold rating in a research report report published on Wednesday morning.

Separately, Cantor Fitzgerald downgraded Cameco from a buy rating to a neutral rating in a research note on Tuesday, December 19th. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $65.33.

Cameco Trading Up 1.5 %

Shares of NYSE CCJ opened at $42.72 on Wednesday. Cameco has a 1-year low of $24.64 and a 1-year high of $51.33. The business has a fifty day moving average price of $43.56 and a 200 day moving average price of $42.56. The stock has a market capitalization of $18.55 billion, a P/E ratio of 71.20 and a beta of 0.92. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.55 and a quick ratio of 0.97.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Thursday, February 8th. The basic materials company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). The firm had revenue of $620.00 million during the quarter. Cameco had a net margin of 13.97% and a return on equity of 5.61%. Equities research analysts expect that Cameco will post 2.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CCJ. CGC Financial Services LLC acquired a new stake in Cameco in the 2nd quarter valued at about $27,000. Principal Securities Inc. purchased a new position in shares of Cameco in the 4th quarter valued at about $29,000. Allworth Financial LP lifted its stake in Cameco by 1,049.2% during the third quarter. Allworth Financial LP now owns 747 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 682 shares during the last quarter. Janiczek Wealth Management LLC increased its stake in Cameco by 210.4% in the third quarter. Janiczek Wealth Management LLC now owns 773 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 524 shares during the last quarter. Finally, Tyler Stone Wealth Management purchased a new stake in shares of Cameco during the 2nd quarter worth approximately $32,000. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Company Profile

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.