Cameco (NYSE:CCJ) Receives “Outperform” Rating from Royal Bank of Canada

Cameco (NYSE:CCJ) (TSE:CCO)‘s stock had its “outperform” rating restated by stock analysts at Royal Bank of Canada in a report released on Tuesday,Benzinga reports. They presently have a $90.00 price target on the basic materials company’s stock. Royal Bank of Canada’s target price suggests a potential upside of 126.53% from the company’s current price.

Separately, StockNews.com upgraded Cameco from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Cameco presently has a consensus rating of “Buy” and a consensus target price of $71.25.

Cameco Trading Down 3.4 %

Shares of Cameco stock traded down $1.38 during trading hours on Tuesday, hitting $39.73. The company’s stock had a trading volume of 2,355,341 shares, compared to its average volume of 4,120,969. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $17.29 billion, a PE ratio of 141.77 and a beta of 0.94. The business has a fifty day moving average of $49.63 and a 200 day moving average of $49.99. Cameco has a 1-year low of $35.43 and a 1-year high of $62.55.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Polar Asset Management Partners Inc. boosted its holdings in shares of Cameco by 337.2% in the fourth quarter. Polar Asset Management Partners Inc. now owns 98,376 shares of the basic materials company’s stock valued at $5,055,000 after acquiring an additional 75,876 shares in the last quarter. Hall Capital Management Co. Inc. acquired a new stake in shares of Cameco during the fourth quarter worth $204,000. Ameriflex Group Inc. purchased a new stake in shares of Cameco during the fourth quarter valued at $40,000. Jupiter Wealth Management LLC acquired a new position in shares of Cameco in the 4th quarter valued at $514,000. Finally, Formidable Asset Management LLC increased its stake in Cameco by 13.4% in the 4th quarter. Formidable Asset Management LLC now owns 18,756 shares of the basic materials company’s stock worth $964,000 after purchasing an additional 2,215 shares in the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Company Profile

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.