Cameco (NYSE:CCJ) Lifted to “Strong-Buy” at Janney Montgomery Scott

Janney Montgomery Scott upgraded shares of Cameco (NYSE:CCJ) (TSE:CCO) to a strong-buy rating in a research note issued to investors on Friday morning, Zacks.com reports.

A number of other research firms have also recently commented on CCJ. Bank of America upped 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. National Bank Financial raised Cameco to a strong-buy rating in a research note on Tuesday, September 3rd. Cantor Fitzgerald raised Cameco from a neutral rating to an overweight rating in a research note on Wednesday, July 31st. Scotiabank cut their target price on Cameco from $81.00 to $80.00 and set an outperform rating on the stock in a research note on Monday, August 19th. Finally, The Goldman Sachs Group boosted their price target on Cameco from $56.00 to $62.00 and gave the company a buy rating in a report on Friday, June 7th. One analyst has rated the stock with a sell rating, five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Buy and an average price target of $66.56.

Cameco Trading Down 0.8 %

Shares of CCJ stock opened at $51.42 on Friday. Cameco has a 12-month low of $35.43 and a 12-month high of $56.24. The company has a current ratio of 3.22, a quick ratio of 1.48 and a debt-to-equity ratio of 0.23. The stock’s 50-day moving average price is $41.93 and its 200-day moving average price is $47.04. The stock has a market capitalization of $22.38 billion, a price-to-earnings ratio of 131.85 and a beta of 0.90.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.14 earnings per share 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 company had revenue of $598.00 million for the quarter, compared to the consensus estimate of $756.00 million. During the same period in the previous year, the firm earned ($0.01) earnings per share. The company’s revenue was up 24.1% compared to the same quarter last year. Equities research analysts predict that Cameco will post 0.91 EPS for the current fiscal year.

Institutional Trading of Cameco

Hedge funds and other institutional investors have recently made changes to their positions in the business. Capital Market Strategies LLC increased its position in shares of Cameco by 2.1% in the 3rd quarter. Capital Market Strategies LLC now owns 18,403 shares of the basic materials company’s stock valued at $879,000 after acquiring an additional 371 shares during the period. Park Avenue Securities LLC increased its position in shares of Cameco by 18.9% in the 3rd quarter. Park Avenue Securities LLC now owns 4,975 shares of the basic materials company’s stock valued at $238,000 after acquiring an additional 790 shares during the period. Silvia Mccoll Wealth Management LLC increased its position in shares of Cameco by 3.9% in the 3rd quarter. Silvia Mccoll Wealth Management LLC now owns 5,610 shares of the basic materials company’s stock valued at $268,000 after acquiring an additional 210 shares during the period. Heritage Wealth Management Inc. acquired a new position in shares of Cameco in the 2nd quarter valued at $402,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Cameco in the 2nd quarter valued at $349,000. 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.