Shares of Cameco Corp (NYSE:CCJ) (TSE:CCO) have earned a consensus recommendation of “Hold” from the nine research firms that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $22.50.

CCJ has been the topic of several analyst reports. Zacks Investment Research raised shares of Cameco from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 27th. Royal Bank of Canada reduced their target price on shares of Cameco from $17.00 to $16.00 and set an “outperform” rating on the stock in a report on Friday, October 20th. Finally, TheStreet cut shares of Cameco from a “c” rating to a “d+” rating in a report on Friday, October 27th.

Cameco (CCJ) opened at $8.78 on Tuesday. The company has a quick ratio of 2.16, a current ratio of 5.40 and a debt-to-equity ratio of 0.30. Cameco has a 12 month low of $7.68 and a 12 month high of $12.37. The company has a market cap of $3,480.00, a P/E ratio of -15.14, a PEG ratio of 7.89 and a beta of 1.21.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Friday, February 9th. The basic materials company reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.07. Cameco had a negative net margin of 9.72% and a positive return on equity of 1.23%. The business had revenue of $809.00 million during the quarter, compared to analyst estimates of $780.91 million. During the same quarter last year, the firm posted $0.23 earnings per share. The business’s revenue for the quarter was down 8.8% compared to the same quarter last year. sell-side analysts expect that Cameco will post 0.17 EPS for the current year.

A number of large investors have recently modified their holdings of CCJ. Caisse DE Depot ET Placement DU Quebec raised its holdings in Cameco by 32.8% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 16,182,205 shares of the basic materials company’s stock valued at $156,571,000 after acquiring an additional 3,995,805 shares in the last quarter. Schroder Investment Management Group raised its holdings in Cameco by 165.7% in the third quarter. Schroder Investment Management Group now owns 3,193,443 shares of the basic materials company’s stock valued at $40,046,000 after acquiring an additional 1,991,550 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Cameco by 27.7% in the third quarter. Russell Investments Group Ltd. now owns 7,471,274 shares of the basic materials company’s stock valued at $72,186,000 after acquiring an additional 1,620,358 shares in the last quarter. Global X Management Co. LLC raised its holdings in Cameco by 22.9% in the fourth quarter. Global X Management Co. LLC now owns 8,326,177 shares of the basic materials company’s stock valued at $77,151,000 after acquiring an additional 1,553,444 shares in the last quarter. Finally, Global X MANAGEMENT CO LLC raised its holdings in Cameco by 21.2% in the third quarter. Global X MANAGEMENT CO LLC now owns 6,772,733 shares of the basic materials company’s stock valued at $65,255,000 after acquiring an additional 1,184,992 shares in the last quarter. 50.27% of the stock is currently owned by hedge funds and other institutional investors.

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About Cameco

Cameco Corporation (Cameco) is a uranium producer. The Company is primarily engaged in the exploration for and the development, mining, refining, conversion, fabrication and trading of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. The Company operates through three segments: uranium, fuel services and NUKEM.

Analyst Recommendations for Cameco (NYSE:CCJ)

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