StockNews.com Downgrades Cameco (NYSE:CCJ) to Sell

Cameco (NYSE:CCJ) (TSE:CCO) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

Separately, Royal Bank of Canada reiterated an “outperform” rating and issued a $90.00 target price on shares of Cameco in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $71.25.

Cameco Stock Up 2.6 %

Shares of NYSE:CCJ traded up $1.06 during midday trading on Tuesday, hitting $41.70. 4,298,505 shares of the company’s stock were exchanged, compared to its average volume of 4,137,463. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The stock has a 50 day moving average price of $48.40 and a 200-day moving average price of $50.01. The company has a market cap of $18.15 billion, a PE ratio of 148.91 and a beta of 1.04. Cameco has a 12 month low of $35.43 and a 12 month high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. The firm had revenue of $845.54 million during the quarter, compared to the consensus estimate of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. On average, sell-side analysts anticipate that Cameco will post 1.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Cameco

Large investors have recently modified their holdings of the stock. Sierra Ocean LLC bought a new stake in shares of Cameco during the 4th quarter valued at about $25,000. Hurley Capital LLC bought a new stake in Cameco during the fourth quarter worth about $27,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Cameco during the fourth quarter worth about $28,000. Whipplewood Advisors LLC bought a new stake in Cameco during the fourth quarter worth about $33,000. Finally, Pingora Partners LLC bought a new stake in Cameco during the third quarter worth about $33,000. Institutional investors own 70.21% of the company’s stock.

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.