Cameco (NYSE:CCJ) Shares Down 0.5% – Should You Sell?

Cameco Co. (NYSE:CCJ) (TSE:CCO)’s share price was down 0.5% during mid-day trading on Wednesday . The stock traded as low as $53.65 and last traded at $54.47. Approximately 890,086 shares were traded during trading, a decline of 80% from the average daily volume of 4,395,370 shares. The stock had previously closed at $54.77.

Analyst Upgrades and Downgrades

CCJ has been the topic of a number of research analyst reports. Cantor Fitzgerald upgraded Cameco from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 31st. Glj Research reissued a “buy” rating and issued a $63.73 target price on shares of Cameco in a report on Wednesday, August 14th. National Bank Financial raised shares of Cameco to a “strong-buy” rating in a research note on Tuesday, September 3rd. Scotiabank dropped their price objective on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. Finally, Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a report on Friday, October 4th. One analyst has rated the stock with a sell rating, five have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $66.56.

Cameco Stock Up 1.2 %

The company has a debt-to-equity ratio of 0.23, a current ratio of 3.22 and a quick ratio of 1.48. The business’s fifty day moving average price is $47.00 and its two-hundred day moving average price is $48.02. The stock has a market capitalization of $22.99 billion, a PE ratio of 124.30 and a beta of 0.90.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.14). Cameco had a net margin of 9.72% and a return on equity of 5.63%. The business had revenue of $598.00 million for the quarter, compared to analyst estimates of $756.00 million. During the same quarter in the previous year, the firm posted ($0.01) earnings per share. The business’s revenue was up 24.1% on a year-over-year basis. On average, equities research analysts forecast that Cameco Co. will post 0.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. LRI Investments LLC acquired a new stake in shares of Cameco during the 1st quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Cameco by 71.5% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 238 shares during the period. JFS Wealth Advisors LLC boosted its stake in shares of Cameco by 130.6% during the 3rd quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 550 shares in the last quarter. Larson Financial Group LLC grew its position in shares of Cameco by 99.3% during the 1st quarter. Larson Financial Group LLC now owns 1,204 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 600 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of Cameco by 68.8% in the 3rd quarter. Blue Trust Inc. now owns 1,575 shares of the basic materials company’s stock valued at $77,000 after purchasing an additional 642 shares in the last quarter. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

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.