Cameco (NYSE:CCJ) Stock Price Up 0.8% – Still a Buy?

Cameco Co. (NYSE:CCJ) (TSE:CCO)’s stock price traded up 0.8% during mid-day trading on Tuesday . The company traded as high as $43.91 and last traded at $43.64. 1,347,240 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 4,607,341 shares. The stock had previously closed at $43.28.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Cameco from a “sell” rating to a “hold” rating in a research report on Friday. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $66.56.

Cameco Trading Up 0.9 %

The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The business’s 50 day moving average price is $50.57 and its 200-day moving average price is $49.86. The company has a market cap of $19.01 billion, a price-to-earnings ratio of 155.89 and a beta of 0.94.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. The firm had revenue of $845.54 million during the quarter, compared to analysts’ expectations of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. On average, research analysts forecast that Cameco Co. will post 1.27 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CCJ. Dantai Capital Ltd lifted its holdings in Cameco by 44.2% in the third quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company’s stock valued at $2,735,000 after buying an additional 17,560 shares during the period. Roberts Wealth Advisors LLC acquired a new position in Cameco in the 4th quarter worth $895,000. Whalen Wealth Management Inc. bought a new position in Cameco during the 4th quarter worth about $445,000. iA Global Asset Management Inc. acquired a new stake in shares of Cameco in the 3rd quarter valued at about $5,305,000. Finally, Telemark Asset Management LLC raised its position in Cameco by 8.3% in the 3rd quarter. Telemark Asset Management LLC now owns 1,300,000 shares of the basic materials company’s stock valued at $62,088,000 after buying an additional 100,000 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

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.