Cameco (NYSE:CCJ) Receives Hold Rating from Royal Bank of Canada

Royal Bank of Canada reiterated their hold rating on shares of Cameco (NYSE:CCJ) (TSE:CCO) in a report published on Thursday morning, The Fly reports. They currently have a $14.00 price objective on the basic materials company’s stock, down from their prior price objective of $15.00.

A number of other brokerages have also recently weighed in on CCJ. TD Securities upgraded shares of Cameco from a hold rating to a buy rating in a report on Monday, May 4th. Raymond James reiterated a buy rating and set a $14.50 price target on shares of Cameco in a report on Thursday, April 9th. ValuEngine cut shares of Cameco from a buy rating to a hold rating in a report on Friday, May 1st. Zacks Investment Research upgraded shares of Cameco from a hold rating to a strong-buy rating and set a $13.00 price target for the company in a report on Friday, July 17th. Finally, BMO Capital Markets boosted their price target on shares of Cameco from $12.00 to $16.00 and gave the stock an outperform rating in a report on Tuesday, May 5th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Buy and a consensus target price of $13.92.

Shares of CCJ stock opened at $10.16 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.56 and a current ratio of 5.44. The stock has a market capitalization of $4.02 billion, a P/E ratio of 112.89 and a beta of 0.90. The company has a 50 day moving average price of $10.69 and a 200 day moving average price of $9.42. Cameco has a fifty-two week low of $5.30 and a fifty-two week high of $12.33.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Wednesday, July 29th. The basic materials company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.11). The business had revenue of $525.00 million during the quarter, compared to analyst estimates of $414.76 million. Cameco had a net margin of 2.26% and a return on equity of 1.21%. The company’s revenue for the quarter was up 35.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.04) EPS. On average, research analysts forecast that Cameco will post -0.04 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of the company. Comerica Bank boosted its holdings in shares of Cameco by 5.1% in the 2nd quarter. Comerica Bank now owns 23,113 shares of the basic materials company’s stock valued at $277,000 after buying an additional 1,119 shares in the last quarter. ARP Americas LP acquired a new position in shares of Cameco in the 2nd quarter valued at $168,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Cameco in the 2nd quarter valued at $166,000. GWM Advisors LLC boosted its holdings in shares of Cameco by 2.5% in the 2nd quarter. GWM Advisors LLC now owns 51,500 shares of the basic materials company’s stock valued at $528,000 after buying an additional 1,250 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in shares of Cameco by 3.9% in the 2nd quarter. CIBC Asset Management Inc now owns 270,412 shares of the basic materials company’s stock valued at $2,764,000 after buying an additional 10,087 shares in the last quarter. Institutional investors and hedge funds own 56.03% of the company’s stock.

About Cameco

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.

Further Reading: What is the balance sheet?

The Fly

Analyst Recommendations for Cameco (NYSE:CCJ)

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.