Cameco (NYSE:CCJ) Rating Lowered to “Sell” at StockNews.com

Cameco (NYSE:CCJ) (TSE:CCO) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

Several other research analysts have also issued reports on CCJ. Glj Research increased their target price on shares of Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research note on Wednesday, March 12th. Royal Bank of Canada reissued an “outperform” rating and set a $90.00 price objective on shares of Cameco in a research report on Tuesday, March 4th. Sanford C. Bernstein assumed coverage on Cameco in a research report on Tuesday. They issued an “outperform” rating and a $52.00 target price for the company. Stifel Canada upgraded Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Finally, Stifel Nicolaus initiated coverage on Cameco in a report on Wednesday, March 12th. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating, eight have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $70.03.

Cameco Trading Up 1.7 %

Cameco stock traded up $0.69 during trading hours on Wednesday, reaching $42.49. 2,361,488 shares of the company’s stock were exchanged, compared to its average volume of 4,099,128. The firm’s 50 day simple moving average is $45.70 and its 200 day simple moving average is $50.33. Cameco has a twelve month low of $35.43 and a twelve month high of $62.55. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $18.50 billion, a PE ratio of 151.75 and a beta of 1.04.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The business had revenue of $845.54 million during the quarter, compared to analysts’ expectations of $1.09 billion. Research analysts predict that Cameco will post 1.27 earnings per share for the current year.

Institutional Investors Weigh In On Cameco

Several institutional investors have recently bought and sold shares of the stock. Sierra Ocean LLC purchased a new position in Cameco during the 4th quarter worth $25,000. Hurley Capital LLC bought a new stake in Cameco in the 4th quarter worth about $27,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Cameco in the 4th quarter valued at about $28,000. Pingora Partners LLC bought a new position in shares of Cameco during the 3rd quarter worth approximately $33,000. Finally, Whipplewood Advisors LLC purchased a new position in shares of Cameco in the 4th quarter worth approximately $33,000. Institutional investors own 70.21% of the company’s stock.

About Cameco

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.