Cameco (NYSE:CCJ) Stock Rating Upgraded by Cantor Fitzgerald

Cantor Fitzgerald upgraded shares of Cameco (NYSE:CCJ) (TSE:CCO) from a neutral rating to an overweight rating in a research note issued to investors on Wednesday, Marketbeat Ratings reports.

Other equities research analysts have also issued research reports about the company. StockNews.com lowered Cameco from a hold rating to a sell rating in a research report on Thursday, April 4th. The Goldman Sachs Group raised their price target on Cameco from $56.00 to $62.00 and gave the stock a buy rating in a research note on Friday, June 7th. Finally, Bank of America lifted their target price on Cameco from $59.00 to $60.50 and gave the company a buy rating in a research note on Wednesday, June 26th. One analyst has rated the stock with a sell rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $63.70.

Cameco Price Performance

CCJ opened at $38.03 on Wednesday. The stock’s 50-day moving average price is $50.28 and its 200 day moving average price is $47.62. Cameco has a 12-month low of $32.89 and a 12-month high of $56.24. The company has a current ratio of 3.22, a quick ratio of 0.69 and a debt-to-equity ratio of 0.23. The firm has a market cap of $16.55 billion, a price-to-earnings ratio of 97.51 and a beta of 0.92.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Wednesday, July 31st. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.14). Cameco had a return on equity of 5.63% and a net margin of 9.72%. The firm had revenue of $598.00 million for the quarter, compared to analyst estimates of $756.00 million. During the same period in the previous year, the company posted ($0.01) EPS. Cameco’s revenue was up 24.1% on a year-over-year basis. As a group, sell-side analysts expect that Cameco will post 1.06 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Cameco by 1.3% in the first quarter. Vanguard Group Inc. now owns 15,911,954 shares of the basic materials company’s stock valued at $689,306,000 after buying an additional 200,871 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Cameco by 2.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,711,154 shares of the basic materials company’s stock valued at $593,967,000 after buying an additional 288,400 shares in the last quarter. Capital World Investors boosted its stake in shares of Cameco by 1.6% in the first quarter. Capital World Investors now owns 13,708,235 shares of the basic materials company’s stock valued at $593,524,000 after buying an additional 215,741 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Cameco by 3.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,514,500 shares of the basic materials company’s stock valued at $282,210,000 after buying an additional 202,157 shares in the last quarter. Finally, National Bank of Canada FI boosted its stake in shares of Cameco by 25.6% in the fourth quarter. National Bank of Canada FI now owns 4,180,221 shares of the basic materials company’s stock valued at $175,714,000 after buying an additional 850,704 shares in the last quarter. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

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.