Cameco (NYSE:CCJ) trading rose 1.2%

Cameco Co. (NYSE:CCJ – Get Your Free Report ) (TSE:CCO) traded up 1.2% during trading on Tuesday. The company traded as high as $47.40 and last traded at $46.55. 1,697,250 shares changed hands during trading, down 61% from the session’s average volume of 4,344,699 shares. Shares previously closed at $46.02.

The Wall Street analyst weighs in

CCJ has been the subject of a number of research reports. Goldman Sachs Group boosted their price objective on Cameco from $56.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, June 7th. National Bank Financial raised Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. Bank of America boosted their price objective on Cameco from $59.00 to $60.50 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Scotiabank cut their price target on Cameco from $81.00 to $80.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. Finally, Glj Research reiterated a “buy” rating and set a $63.73 price target on shares of Cameco in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, five have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $67.25, according to MarketBeat.com.

Check out the latest stock analysis on CCJ

Cameco trading up 1.2%

The company has a market cap of $20.27 billion, a price-to-earnings ratio of 119.36 and a beta of 0.90. The company’s 50-day moving average price is $41.64 and its 200-day moving average price is $46.56. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.48, and a current ratio of 3.22.

Cameco (NYSE:CCJ – Get Your Free Report ) (TSE:CCO) last announced its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). The firm had revenue of $598.00 million during the quarter, compared to analyst estimates of $756.00 million. Cameco had a net margin of 9.72% and a return on equity of 5.63%. The company’s revenue increased by 24.1% year-on-year. In the same quarter last year, the company earned ($0.01) earnings per share. On average, research analysts forecast that Cameco Co. it will post 0.96 EPS for the current year.

Institutional investors are weighing in on Cameco

A number of institutional investors and hedge funds have recently modified their holdings of CCJ. Bornite Capital Management LP purchased a new stake in shares of Cameco in the fourth quarter valued at $6,590,000. Tidal Investments LLC boosted its stake in Cameco by 15.5% in the first quarter. Tidal Investments LLC now owns 20,036 shares of the basic materials company’s stock worth $868,000 after acquiring an additional 2,683 shares during the period. Eaton Financial Holdings Company LLC acquired a new position in Cameco in the 4th quarter valued at $1,327,000. LRI Investments LLC bought a new stake in shares of Cameco in the first quarter valued at $30,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Cameco in the first quarter worth $295,000. 70.21% of shares are owned by institutional investors.

About Cameco

(Get a free report)

Cameco Corporation supplies uranium for electricity generation. It operates through the Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration, mining and milling, buying and selling of uranium concentrate. The Fuel Services segment engages in the refining, conversion and manufacture of uranium concentrate, as well as the purchase and sale of conversion services.

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