Cameco (NYSE:CCJ) (TSE:CCO) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “Cameco Corporation is one of the world’s largest uranium producers, a significant supplier of conversion services and one of two CANDU fuel manufacturers in Canada. Their competitive position is based on their controlling ownership of the world’s largest high-grade reserves and low-cost operations. Their uranium products are used to generate clean electricity in nuclear power plants around the world. They also explore for uranium in the Americas, Australia and Asia. Their shares trade on the Toronto and New York stock exchanges. Their head office is in Saskatoon, Saskatchewan. “

CCJ has been the subject of several other reports. TheStreet downgraded Cameco from a “c” rating to a “d+” rating in a research report on Friday, October 27th. Royal Bank of Canada cut their price objective on Cameco from $17.00 to $16.00 and set an “outperform” rating for the company in a research report on Friday, October 20th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $18.33.

Shares of Cameco (NYSE CCJ) opened at $9.31 on Tuesday. Cameco has a 12-month low of $7.68 and a 12-month high of $12.33. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.16 and a current ratio of 5.40. The stock has a market cap of $3,680.00, a P/E ratio of -22.71, a PEG ratio of 6.57 and a beta of 1.21.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Friday, February 9th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $809.00 million during the quarter, compared to the consensus estimate of $780.91 million. During the same period last year, the firm earned $0.23 EPS. The company’s revenue for the quarter was down 8.8% on a year-over-year basis. sell-side analysts anticipate that Cameco will post 0.21 earnings per share for the current year.

Institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP acquired a new position in shares of Cameco during the 3rd quarter worth approximately $109,000. Mitchell Sinkler & Starr PA acquired a new position in shares of Cameco during the 3rd quarter worth approximately $113,000. Pinebridge Investments L.P. acquired a new position in shares of Cameco during the 3rd quarter worth approximately $114,000. Timber Hill LLC acquired a new position in shares of Cameco during the 4th quarter worth approximately $117,000. Finally, Rathbone Brothers plc acquired a new position in shares of Cameco during the 4th quarter worth approximately $122,000. Hedge funds and other institutional investors own 50.27% of the company’s stock.

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Cameco Company Profile

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.

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