Shares of Cameco Corp (NYSE:CCJ) (TSE:CCO) have been given a consensus rating of “Hold” by the twelve brokerages that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $16.00.
Several equities analysts recently commented on CCJ shares. Zacks Investment Research raised shares of Cameco from a “sell” rating to a “hold” rating in a research note on Friday. Royal Bank of Canada reiterated a “hold” rating on shares of Cameco in a research report on Thursday, May 2nd. TD Securities lowered shares of Cameco from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Raymond James reiterated a “buy” rating on shares of Cameco in a research report on Thursday, May 2nd. Finally, ValuEngine upgraded shares of Cameco from a “hold” rating to a “buy” rating in a research report on Friday, July 12th.
NYSE:CCJ traded down $0.37 during mid-day trading on Friday, hitting $8.42. 2,401,495 shares of the stock traded hands, compared to its average volume of 2,851,483. The business’s 50-day moving average price is $9.44 and its 200 day moving average price is $10.79. The company has a market cap of $3.55 billion, a PE ratio of 21.05 and a beta of 0.89. Cameco has a 12-month low of $8.03 and a 12-month high of $13.04. The company has a quick ratio of 1.74, a current ratio of 2.59 and a debt-to-equity ratio of 0.20.
Institutional investors have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC bought a new stake in Cameco during the second quarter valued at approximately $26,000. Pinnacle Financial Partners Inc. bought a new stake in shares of Cameco in the 1st quarter worth approximately $29,000. Baldwin Brothers Inc. MA bought a new stake in shares of Cameco in the 1st quarter worth approximately $41,000. Squar Milner Financial Services LLC bought a new stake in shares of Cameco in the 2nd quarter worth approximately $45,000. Finally, Point72 Asset Management L.P. lifted its holdings in shares of Cameco by 183.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 10,851 shares of the basic materials company’s stock worth $116,000 after acquiring an additional 7,019 shares during the last quarter. Institutional investors and hedge funds own 51.99% of the company’s stock.
Cameco Corporation produces and sells uranium worldwide. The company operates in 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. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; and the Inkai property located in Kazakhstan.
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