Cameco Corporation (NYSE:CCJ – Get Free Report) (TSE:CCO)’s stock price fell 4.8% during mid-day trading on Friday . The company traded as low as $85.00 and last traded at $86.75. 6,071,462 shares were traded during trading, an increase of 27% from the average session volume of 4,774,735 shares. The stock had previously closed at $91.13.
Analyst Ratings Changes
A number of research firms recently issued reports on CCJ. CLSA began coverage on Cameco in a research note on Tuesday, September 9th. They set an “outperform” rating and a $102.00 price objective on the stock. President Capital upgraded Cameco from a “neutral” rating to a “buy” rating in a research note on Monday, September 22nd. TD Securities reiterated a “buy” rating on shares of Cameco in a research note on Tuesday, August 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cameco in a research note on Wednesday, October 8th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Cameco in a research note on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $89.55.
Check Out Our Latest Stock Report on Cameco
Cameco Price Performance
Cameco (NYSE:CCJ – Get Free Report) (TSE:CCO) last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.29 by $0.22. The firm had revenue of $467.72 million for the quarter, compared to analyst estimates of $819.79 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%.The company’s revenue was up 46.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.14 EPS. Cameco has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Cameco Corporation will post 1.27 EPS for the current fiscal year.
Hedge Funds Weigh In On Cameco
A number of institutional investors and hedge funds have recently modified their holdings of the company. HM Payson & Co. purchased a new position in shares of Cameco in the 3rd quarter worth $46,000. Ethic Inc. bought a new stake in shares of Cameco in the third quarter worth about $335,000. Montgomery Investment Management Inc. increased its holdings in shares of Cameco by 1.5% in the third quarter. Montgomery Investment Management Inc. now owns 21,852 shares of the basic materials company’s stock worth $1,833,000 after purchasing an additional 327 shares during the last quarter. Sowell Financial Services LLC bought a new stake in Cameco during the third quarter worth approximately $840,000. Finally, FSM Wealth Advisors LLC purchased a new position in shares of Cameco during the third quarter valued at approximately $203,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.
About Cameco
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.
Read More
- Five stocks we like better than Cameco
- What Do S&P 500 Stocks Tell Investors About the Market?
- Johnson & Johnson’s M&A Strategy Is the Real Story for Investors
- The 3 Best Fintech Stocks to Buy Now
- Tesla: Some Analysts Are Calling for A 30% Drop—Time to Panic?
- What is a buyback in stocks? A comprehensive guide for investors
- Hedge Funds Flip on the Dollar—A Buy Signal for These 3 Stocks?
Receive News & Ratings for Cameco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cameco and related companies with MarketBeat.com's FREE daily email newsletter.