Cameco Corporation (NYSE:CCJ) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) have earned a consensus recommendation of “Moderate Buy” from the nineteen analysts that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $145.6833.

A number of research analysts have recently weighed in on the company. Truist Financial raised their price target on Cameco from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Scotiabank reiterated an “outperform” rating and issued a $175.00 price objective on shares of Cameco in a research report on Wednesday, May 6th. Weiss Ratings cut shares of Cameco from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, August 12th. Citigroup restated a “positive” rating on shares of Cameco in a report on Wednesday, July 15th. Finally, Royal Bank Of Canada lifted their target price on shares of Cameco from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Monday, June 29th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CCJ. Clearstead Advisors LLC raised its position in shares of Cameco by 0.8% during the 4th quarter. Clearstead Advisors LLC now owns 10,158 shares of the basic materials company’s stock worth $929,000 after purchasing an additional 85 shares during the last quarter. HB Wealth Management LLC grew its holdings in Cameco by 3.1% during the 1st quarter. HB Wealth Management LLC now owns 3,560 shares of the basic materials company’s stock valued at $387,000 after buying an additional 107 shares during the last quarter. Groupama Asset Managment increased its position in Cameco by 5.9% during the fourth quarter. Groupama Asset Managment now owns 1,928 shares of the basic materials company’s stock worth $176,000 after buying an additional 108 shares in the last quarter. S.A. Mason LLC increased its position in Cameco by 4.8% during the fourth quarter. S.A. Mason LLC now owns 2,436 shares of the basic materials company’s stock worth $223,000 after buying an additional 111 shares in the last quarter. Finally, Kingsview Wealth Management LLC raised its holdings in shares of Cameco by 3.4% in the fourth quarter. Kingsview Wealth Management LLC now owns 3,435 shares of the basic materials company’s stock worth $314,000 after acquiring an additional 114 shares during the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Stock Performance

NYSE CCJ opened at $102.26 on Tuesday. The business has a 50 day moving average price of $96.12 and a 200 day moving average price of $107.24. The company has a market capitalization of $44.54 billion, a P/E ratio of 173.32, a PEG ratio of 1.75 and a beta of 1.05. Cameco has a 1-year low of $73.20 and a 1-year high of $135.24. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.06 and a quick ratio of 2.10.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Friday, July 31st. The basic materials company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.13). The firm had revenue of $573.06 million for the quarter, compared to analysts’ expectations of $579.60 million. Cameco had a return on equity of 7.59% and a net margin of 10.20%.The firm’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.71 earnings per share. Sell-side analysts expect that Cameco will post 1.27 EPS for the current fiscal year.

About Cameco

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.