Cameco (NYSE:CCJ) Rating Increased to Strong-Buy at Stifel Canada

Stifel Canada upgraded shares of Cameco (NYSE:CCJ) (TSE:CCO) to a strong-buy rating in a research note published on Wednesday morning,Zacks.com reports.

Other equities research analysts have also issued reports about the company. StockNews.com lowered Cameco from a “hold” rating to a “sell” rating in a research report on Tuesday. Glj Research boosted their target price on Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research report on Wednesday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $90.00 target price on shares of Cameco in a research report on Tuesday, March 4th. Finally, Stifel Nicolaus initiated coverage on Cameco in a report on Wednesday. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, seven have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $73.64.

Cameco Stock Up 1.5 %

CCJ opened at $42.44 on Wednesday. Cameco has a one year low of $35.43 and a one year high of $62.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The stock’s fifty day moving average is $47.80 and its 200-day moving average is $49.91. The company has a market capitalization of $18.47 billion, a PE ratio of 151.55 and a beta of 1.04.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CCJ. Sierra Ocean LLC purchased a new position in Cameco in the fourth quarter valued at about $25,000. Hurley Capital LLC acquired a new stake in shares of Cameco in the fourth quarter worth about $27,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Cameco in the fourth quarter worth about $28,000. Pingora Partners LLC acquired a new stake in shares of Cameco in the third quarter worth about $33,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Cameco in the fourth quarter worth about $33,000. 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.