Brokerages Set Cameco Co. (NYSE:CCJ) Target Price at $40.25

Cameco Co. (NYSE:CCJ) (TSE:CCO) has been assigned an average recommendation of “Buy” from the four research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $40.25.

CCJ has been the topic of a number of research reports. StockNews.com lowered shares of Cameco from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. The Goldman Sachs Group started coverage on shares of Cameco in a research report on Monday, April 1st. They set a “buy” rating and a $55.00 target price on the stock.

Cameco Stock Performance

Shares of NYSE:CCJ opened at $48.11 on Wednesday. The firm has a market cap of $20.89 billion, a PE ratio of 80.18 and a beta of 0.92. The firm’s 50 day simple moving average is $43.81 and its 200-day simple moving average is $43.53. Cameco has a one year low of $25.11 and a one year high of $52.64. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.97 and a current ratio of 1.55.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Thursday, February 8th. The basic materials company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). The company had revenue of $620.00 million for the quarter. Cameco had a return on equity of 5.61% and a net margin of 13.97%. As a group, equities analysts predict that Cameco will post 1.55 EPS for the current year.

Hedge Funds Weigh In On Cameco

Institutional investors have recently bought and sold shares of the business. Capital World Investors boosted its position in Cameco by 402.0% during the first quarter. Capital World Investors now owns 10,131,797 shares of the basic materials company’s stock worth $295,084,000 after acquiring an additional 8,113,385 shares during the last quarter. FMR LLC boosted its position in Cameco by 21.6% during the third quarter. FMR LLC now owns 27,418,564 shares of the basic materials company’s stock worth $1,087,629,000 after acquiring an additional 4,865,085 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Cameco by 37.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,068,688 shares of the basic materials company’s stock worth $497,555,000 after acquiring an additional 4,644,453 shares during the last quarter. Norges Bank acquired a new position in Cameco in the 4th quarter valued at about $72,843,000. Finally, Nuveen Asset Management LLC acquired a new position in Cameco in the 4th quarter valued at about $129,258,000. 70.21% of the stock is owned by hedge funds and other institutional investors.

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.