Cameco (NYSE:CCJ – Get Rating) (TSE:CCO) was downgraded by stock analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued on Monday.
Separately, Scotiabank boosted their price objective on shares of Cameco from C$43.00 to C$44.00 in a research report on Tuesday, August 2nd. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Cameco has a consensus rating of "Moderate Buy" and an average price target of $42.88.
Get Cameco alerts:Cameco Trading Down 0.7 %
CCJ stock traded down $0.17 during trading on Monday, hitting $25.12. The company had a trading volume of 5,853,719 shares, compared to its average volume of 7,304,716. The company has a quick ratio of 4.84, a current ratio of 6.02 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average price of $26.39 and a 200-day moving average price of $25.62. Cameco has a 12 month low of $18.03 and a 12 month high of $32.49. The stock has a market cap of $10.01 billion, a price-to-earnings ratio of 209.35 and a beta of 0.94.
Cameco (NYSE:CCJ – Get Rating) (TSE:CCO) last posted its quarterly earnings data on Wednesday, July 27th. The basic materials company reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.16. Cameco had a net margin of 3.48% and a return on equity of 1.17%. The firm had revenue of $437.25 million during the quarter. As a group, analysts predict that Cameco will post 0.2 earnings per share for the current year.Hedge Funds Weigh In On Cameco
Several institutional investors and hedge funds have recently made changes to their positions in CCJ. Rockefeller Capital Management L.P. grew its holdings in shares of Cameco by 13.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 72,125 shares of the basic materials company's stock valued at $1,573,000 after buying an additional 8,325 shares during the period. Freestone Capital Holdings LLC acquired a new position in shares of Cameco in the 4th quarter valued at $436,000. Point72 Asset Management L.P. boosted its stake in Cameco by 134,900.0% in the 4th quarter. Point72 Asset Management L.P. now owns 270,000 shares of the basic materials company's stock worth $5,889,000 after purchasing an additional 269,800 shares during the period. Squarepoint Ops LLC acquired a new position in Cameco in the 4th quarter worth $1,476,000. Finally, Lombard Odier Asset Management Europe Ltd acquired a new position in Cameco in the 4th quarter worth $1,035,000. Institutional investors and hedge funds own 58.85% of the company's stock.
About Cameco
(Get Rating)
Cameco Corporation produces and sells uranium. It operates through two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as 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.
Further Reading
- Get a free copy of the StockNews.com research report on Cameco (CCJ)
- Three Consumer Stocks That Could Outperform In Q4
- Comcast is an Asset Bonanza Priced Cheap
- Will Synthetic Biology Firm Amyris Post Net Income In 2024?
- Nike's Stock Sale Won't Run For Long
- Can Caterpillar Claw Higher in a Falling Market?
Receive News & Ratings for Cameco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cameco and related companies with MarketBeat.com's FREE daily email newsletter.