Zacks Investment Research Upgrades Cameco Corporation (CCJ) to Buy

Cameco Corporation (NYSE:CCJ) (TSE:CCO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Monday. The firm presently has a $10.00 price objective on the basic materials company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 10.01% from the company’s current price.

According to Zacks, “Cameco Corporation is one of the world’s largest uranium producers, a significant supplier of conversion services and one of two CANDU fuel manufacturers in Canada. Their competitive position is based on their controlling ownership of the world’s largest high-grade reserves and low-cost operations. Their uranium products are used to generate clean electricity in nuclear power plants around the world. They also explore for uranium in the Americas, Australia and Asia. Their shares trade on the Toronto and New York stock exchanges. Their head office is in Saskatoon, Saskatchewan. “

A number of other equities analysts also recently weighed in on CCJ. Royal Bank Of Canada started coverage on shares of Cameco Corporation in a research note on Thursday, June 29th. They set an “outperform” rating and a $16.00 target price for the company. BidaskClub raised shares of Cameco Corporation from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 29th. Bank of America Corporation downgraded shares of Cameco Corporation from a “neutral” rating to an “underperform” rating in a research note on Friday, June 30th. Credit Suisse Group downgraded shares of Cameco Corporation from a “neutral” rating to an “underperform” rating in a research note on Monday, July 17th. Finally, TheStreet raised shares of Cameco Corporation from a “d+” rating to a “c” rating in a research note on Tuesday, August 1st. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $15.22.

Cameco Corporation (CCJ) opened at 9.09 on Monday. Cameco Corporation has a one year low of $7.41 and a one year high of $13.36. The stock has a 50 day moving average of $9.78 and a 200 day moving average of $9.90. The firm’s market cap is $3.60 billion.

Cameco Corporation (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Thursday, July 27th. The basic materials company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.03. Cameco Corporation had a negative net margin of 0.75% and a positive return on equity of 2.59%. The business had revenue of $470.00 million during the quarter, compared to the consensus estimate of $383.81 million. During the same quarter last year, the firm earned ($0.14) earnings per share. Cameco Corporation’s quarterly revenue was up .9% on a year-over-year basis. Equities research analysts predict that Cameco Corporation will post $0.15 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Zacks Investment Research Upgrades Cameco Corporation (CCJ) to Buy” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another website, it was illegally copied and republished in violation of US & international copyright & trademark law. The legal version of this news story can be read at https://ledgergazette.com/2017/10/18/zacks-investment-research-upgrades-cameco-corporation-ccj-to-buy.html.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of Nova Scotia Trust Co. grew its holdings in shares of Cameco Corporation by 0.5% during the second quarter. Bank of Nova Scotia Trust Co. now owns 29,534 shares of the basic materials company’s stock valued at $269,000 after buying an additional 144 shares during the last quarter. Korea Investment CORP grew its holdings in shares of Cameco Corporation by 1.8% during the second quarter. Korea Investment CORP now owns 24,935 shares of the basic materials company’s stock valued at $227,000 after buying an additional 441 shares during the last quarter. Augustine Asset Management Inc. grew its holdings in shares of Cameco Corporation by 0.5% during the second quarter. Augustine Asset Management Inc. now owns 103,021 shares of the basic materials company’s stock valued at $937,000 after buying an additional 474 shares during the last quarter. Usca Ria LLC grew its holdings in shares of Cameco Corporation by 4.6% during the second quarter. Usca Ria LLC now owns 11,668 shares of the basic materials company’s stock valued at $106,000 after buying an additional 510 shares during the last quarter. Finally, Comerica Bank grew its holdings in shares of Cameco Corporation by 1.2% during the first quarter. Comerica Bank now owns 49,892 shares of the basic materials company’s stock valued at $524,000 after buying an additional 592 shares during the last quarter. Hedge funds and other institutional investors own 56.51% of the company’s stock.

Cameco Corporation Company Profile

Cameco Corporation (Cameco) is a uranium producer. The Company is primarily engaged in the exploration for and the development, mining, refining, conversion, fabrication and trading of uranium for sale as fuel for gen

According to Zacks, “Cameco Corporation is one of the world’s largest uranium producers, a significant supplier of conversion services and one of two CANDU fuel manufacturers in Canada. Their competitive position is based on their controlling ownership of the world’s largest high-grade reserves and low-cost operations. Their uranium products are used to generate clean electricity in nuclear power plants around the world. They also explore for uranium in the Americas, Australia and Asia. Their shares trade on the Toronto and New York stock exchanges. Their head office is in Saskatoon, Saskatchewan. “

A number of other equities analysts also recently weighed in on CCJ. Royal Bank Of Canada started coverage on shares of Cameco Corporation in a research note on Thursday, June 29th. They set an “outperform” rating and a $16.00 target price for the company. BidaskClub raised shares of Cameco Corporation from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 29th. Bank of America Corporation downgraded shares of Cameco Corporation from a “neutral” rating to an “underperform” rating in a research note on Friday, June 30th. Credit Suisse Group downgraded shares of Cameco Corporation from a “neutral” rating to an “underperform” rating in a research note on Monday, July 17th. Finally, TheStreet raised shares of Cameco Corporation from a “d+” rating to a “c” rating in a research note on Tuesday, August 1st. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $15.22.

Cameco Corporation (CCJ) opened at 9.09 on Monday. Cameco Corporation has a one year low of $7.41 and a one year high of $13.36. The stock has a 50 day moving average of $9.78 and a 200 day moving average of $9.90. The firm’s market cap is $3.60 billion.

Cameco Corporation (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Thursday, July 27th. The basic materials company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.03. Cameco Corporation had a negative net margin of 0.75% and a positive return on equity of 2.59%. The business had revenue of $470.00 million during the quarter, compared to the consensus estimate of $383.81 million. During the same quarter last year, the firm earned ($0.14) earnings per share. Cameco Corporation’s quarterly revenue was up .9% on a year-over-year basis. Equities research analysts predict that Cameco Corporation will post $0.15 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Zacks Investment Research Upgrades Cameco Corporation (CCJ) to Buy” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another website, it was illegally copied and republished in violation of US & international copyright & trademark law. The legal version of this news story can be read at https://ledgergazette.com/2017/10/18/zacks-investment-research-upgrades-cameco-corporation-ccj-to-buy.html.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of Nova Scotia Trust Co. grew its holdings in shares of Cameco Corporation by 0.5% during the second quarter. Bank of Nova Scotia Trust Co. now owns 29,534 shares of the basic materials company’s stock valued at $269,000 after buying an additional 144 shares during the last quarter. Korea Investment CORP grew its holdings in shares of Cameco Corporation by 1.8% during the second quarter. Korea Investment CORP now owns 24,935 shares of the basic materials company’s stock valued at $227,000 after buying an additional 441 shares during the last quarter. Augustine Asset Management Inc. grew its holdings in shares of Cameco Corporation by 0.5% during the second quarter. Augustine Asset Management Inc. now owns 103,021 shares of the basic materials company’s stock valued at $937,000 after buying an additional 474 shares during the last quarter. Usca Ria LLC grew its holdings in shares of Cameco Corporation by 4.6% during the second quarter. Usca Ria LLC now owns 11,668 shares of the basic materials company’s stock valued at $106,000 after buying an additional 510 shares during the last quarter. Finally, Comerica Bank grew its holdings in shares of Cameco Corporation by 1.2% during the first quarter. Comerica Bank now owns 49,892 shares of the basic materials company’s stock valued at $524,000 after buying an additional 592 shares during the last quarter. Hedge funds and other institutional investors own 56.51% of the company’s stock.

Cameco Corporation Company Profile

Cameco Corporation (Cameco) is a uranium producer. The Company is primarily engaged in the exploration for and the development, mining, refining, conversion, fabrication and trading of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. The Company operates through three segments: uranium, fuel services and NUKEM.

Analyst Recommendations for Cameco Corporation (NYSE:CCJ)

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