Cameco (NYSE:CCJ) Stock Rating Upgraded by Stifel Canada

Cameco (NYSE:CCJ) (TSE:CCO) was upgraded by research analysts at Stifel Canada to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Several other equities analysts have also recently commented on the stock. Stifel Nicolaus assumed coverage on shares of Cameco in a research note on Wednesday. They set a “buy” rating for the company. Glj Research increased their price objective on Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research report on Wednesday. StockNews.com lowered Cameco from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $90.00 price objective on shares of Cameco in a report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, seven have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $73.64.

Cameco Stock Up 1.5 %

CCJ opened at $42.44 on Wednesday. The company has a 50 day moving average of $47.80 and a 200 day moving average of $49.91. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. Cameco has a 12 month low of $35.43 and a 12 month high of $62.55. The company has a market cap of $18.47 billion, a PE ratio of 151.55 and a beta of 1.04.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.26. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The company had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion. On average, sell-side analysts expect that Cameco will post 1.27 EPS for the current year.

Institutional Investors Weigh In On Cameco

A number of institutional investors have recently made changes to their positions in the business. FMR LLC grew its stake in shares of Cameco by 8.7% during the fourth quarter. FMR LLC now owns 22,639,647 shares of the basic materials company’s stock valued at $1,163,942,000 after buying an additional 1,811,876 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Cameco by 1.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,846,044 shares of the basic materials company’s stock worth $865,729,000 after purchasing an additional 190,337 shares during the last quarter. Vanguard Group Inc. raised its holdings in Cameco by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 16,784,270 shares of the basic materials company’s stock valued at $862,997,000 after buying an additional 270,102 shares during the last quarter. Alliancebernstein L.P. boosted its position in Cameco by 13.5% during the 4th quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company’s stock valued at $518,443,000 after buying an additional 1,196,336 shares during the period. Finally, Norges Bank bought a new stake in Cameco in the 4th quarter worth $188,595,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Company Profile

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.