Cameco (NYSE:CCJ) Research Coverage Started at Stifel Nicolaus

Stifel Nicolaus started coverage on shares of Cameco (NYSE:CCJ) (TSE:CCO) in a research note published on Wednesday, MarketBeat.com reports. The firm issued a buy rating on the basic materials company’s stock.

A number of other equities research analysts have also issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $90.00 price objective on shares of Cameco in a report on Tuesday, March 4th. StockNews.com lowered shares of Cameco from a “hold” rating to a “sell” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $73.64.

Cameco Price Performance

Shares of NYSE CCJ opened at $42.44 on Wednesday. The firm has a 50-day simple moving average of $47.80 and a 200-day simple moving average of $49.91. The stock has a market capitalization of $18.47 billion, a price-to-earnings ratio of 151.55 and a beta of 1.04. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. Cameco has a 52 week low of $35.43 and a 52 week high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last announced 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 net margin of 5.39% and a return on equity of 4.34%. The firm had revenue of $845.54 million during the quarter, compared to analyst estimates of $1.09 billion. On average, equities analysts predict that Cameco will post 1.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Glenmede Trust Co. NA raised its holdings in Cameco by 2.1% in the third quarter. Glenmede Trust Co. NA now owns 9,149 shares of the basic materials company’s stock valued at $437,000 after acquiring an additional 191 shares in the last quarter. Larson Financial Group LLC raised its holdings in Cameco by 37.4% in the fourth quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 226 shares in the last quarter. Two Sigma Investments LP raised its holdings in Cameco by 0.5% in the fourth quarter. Two Sigma Investments LP now owns 50,438 shares of the basic materials company’s stock valued at $2,592,000 after acquiring an additional 238 shares in the last quarter. Heritage Wealth Management Inc. raised its holdings in Cameco by 0.8% in the fourth quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company’s stock valued at $1,587,000 after acquiring an additional 250 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Cameco by 48.6% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 267 shares in the last quarter. Hedge funds and other 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.