Cameco Co. (NYSE:CCJ – Get Rating) (TSE:CCO) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 15,420,000 shares, a decrease of 8.7% from the October 15th total of 16,890,000 shares. Approximately 3.9% of the shares of the stock are sold short. Based on an average daily volume of 7,530,000 shares, the days-to-cover ratio is presently 2.0 days.
Analyst Ratings Changes
CCJ has been the subject of several recent analyst reports. TD Securities upped their price objective on shares of Cameco from C$40.00 to C$41.00 in a research report on Friday, October 28th. Canaccord Genuity Group boosted their target price on Cameco from C$43.00 to C$44.00 and gave the stock a “buy” rating in a research note on Wednesday, October 26th. Scotiabank lowered their target price on Cameco from C$44.00 to C$42.00 in a research note on Tuesday, October 18th. Finally, StockNews.com downgraded Cameco from a “hold” rating to a “sell” rating in a research note on Friday, October 28th. One analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Cameco presently has a consensus rating of “Moderate Buy” and an average target price of $43.00.
Cameco Stock Performance
Cameco stock opened at $23.74 on Friday. The company has a market capitalization of $10.27 billion, a P/E ratio of 107.55, a P/E/G ratio of 2.20 and a beta of 0.89. Cameco has a 1 year low of $18.03 and a 1 year high of $32.49. The business has a 50 day moving average of $25.42 and a 200-day moving average of $24.61. The company has a debt-to-equity ratio of 0.20, a current ratio of 5.11 and a quick ratio of 4.03.
Hedge Funds Weigh In On Cameco
Cameco Corporation produces and sells uranium. It operates through 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. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.
- Get a free copy of the StockNews.com research report on Cameco (CCJ)
- Verra Mobility Stock Has Returned Back to the Station
- Does ASML’s November Rally Have Staying Power?
- Is Advance Auto Parts a Buy After its Earnings Crash?
- BJ’s Wholesale Club: Beware The Sell-Side
- The Next Catalyst For Mullen Automotive Stock Is December 23rd
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.