Shares of Cameco Corp (NYSE:CCJ) (TSE:CCO) have earned an average rating of “Hold” from the twelve analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $16.00.
CCJ has been the subject of a number of analyst reports. Zacks Investment Research raised Cameco from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Thursday, January 31st. Bank of America cut Cameco to a “sell” rating in a report on Thursday, December 20th.
CCJ opened at $11.62 on Friday. The firm has a market capitalization of $4.60 billion, a PE ratio of 29.05 and a beta of 0.88. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.38 and a quick ratio of 1.84. Cameco has a 12 month low of $9.39 and a 12 month high of $13.04.
A number of institutional investors have recently modified their holdings of CCJ. JPMorgan Chase & Co. grew its position in Cameco by 295.8% in the third quarter. JPMorgan Chase & Co. now owns 603,408 shares of the basic materials company’s stock worth $6,879,000 after acquiring an additional 450,970 shares during the period. MML Investors Services LLC acquired a new stake in shares of Cameco in the third quarter valued at $120,000. Bank of New York Mellon Corp raised its stake in shares of Cameco by 34.4% in the third quarter. Bank of New York Mellon Corp now owns 524,770 shares of the basic materials company’s stock valued at $5,983,000 after acquiring an additional 134,432 shares in the last quarter. American International Group Inc. acquired a new stake in shares of Cameco in the third quarter valued at $189,000. Finally, FMR LLC acquired a new stake in shares of Cameco in the third quarter valued at $1,385,000. Institutional investors own 53.33% of the company’s stock.
Cameco Company Profile
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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