Cameco (NYSE:CCJ) Upgraded at Wall Street Zen

by · The Markets Daily

Cameco (NYSE:CCJ – Get Free Report) (TSE:CCO) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

CCJ has been the subject of a number of other research reports. UBS Group restated a “buy” rating on shares of Cameco in a report on Tuesday, June 10th. Sanford C. Bernstein set a $70.00 target price on Cameco and gave the company an “outperform” rating in a report on Tuesday, June 10th. Scotiabank restated an “outperform” rating on shares of Cameco in a report on Tuesday, July 8th. The Goldman Sachs Group increased their target price on Cameco from $65.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, June 11th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Cameco in a report on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating and twelve have given a Buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $83.32.

View Our Latest Stock Analysis on Cameco

Cameco Price Performance

NYSE CCJ opened at $77.18 on Friday. The stock has a market capitalization of $33.60 billion, a P/E ratio of 88.71 and a beta of 1.04. Cameco has a 1 year low of $35.00 and a 1 year high of $83.02. The business’s fifty day moving average is $75.69 and its two-hundred day moving average is $59.14. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.00 and a current ratio of 2.96.

Cameco (NYSE:CCJ – Get Free Report) (TSE:CCO) last posted its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.22. The company had revenue of $467.72 million for the quarter, compared to analysts’ expectations of $819.79 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%.The firm’s revenue was up 46.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 earnings per share. Cameco has set its FY 2025 guidance at EPS. On average, research analysts forecast that Cameco will post 1.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cameco

A number of hedge funds have recently bought and sold shares of the company. SevenBridge Financial Group LLC bought a new stake in Cameco during the second quarter valued at about $208,000. Thompson Davis & CO. Inc. bought a new stake in Cameco during the second quarter valued at about $228,000. Coppell Advisory Solutions LLC bought a new stake in Cameco during the second quarter valued at about $296,000. Tyler Stone Wealth Management bought a new stake in shares of Cameco in the second quarter valued at about $279,000. Finally, Westwood Holdings Group Inc. bought a new stake in shares of Cameco in the second quarter valued at about $500,000. 70.21% of the stock is currently owned by institutional investors.

About Cameco

(Get Free Report)

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.

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