Cameco (NYSE:CCJ) Stock Price Down 0.2%

Cameco Co. (NYSE:CCJ) (TSE:CCO) shares were down 0.2% on Friday . The company traded as low as $47.74 and last traded at $47.97. Approximately 965,623 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 4,354,436 shares. The stock had previously closed at $48.06.

Analyst Ratings Changes

Several analysts have issued reports on CCJ shares. National Bank Financial upgraded Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Cantor Fitzgerald upgraded shares of Cameco from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 31st. Scotiabank lowered their price objective on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Bank of America increased their target price on Cameco from $59.00 to $60.50 and gave the company a “buy” rating in a report on Wednesday, June 26th. Finally, The Goldman Sachs Group lifted their price target on Cameco from $56.00 to $62.00 and gave the company a “buy” rating in a report on Friday, June 7th. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Cameco has an average rating of “Buy” and an average price target of $67.25.

Cameco Stock Down 0.2 %

The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.48 and a current ratio of 3.22. The company has a market cap of $20.88 billion, a price-to-earnings ratio of 123.03 and a beta of 0.90. The business’s 50 day simple moving average is $41.61 and its 200-day simple moving average is $46.66.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Wednesday, July 31st. The basic materials company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). Cameco had a net margin of 9.72% and a return on equity of 5.63%. The firm had revenue of $598.00 million during the quarter, compared to analysts’ expectations of $756.00 million. During the same quarter last year, the firm earned ($0.01) EPS. The business’s revenue for the quarter was up 24.1% compared to the same quarter last year. Sell-side analysts expect that Cameco Co. will post 0.91 earnings per share for the current year.

Hedge Funds Weigh In On Cameco

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LRI Investments LLC bought a new position in shares of Cameco during the 1st quarter valued at $26,000. Lindbrook Capital LLC lifted its position in shares of Cameco by 26.0% in the first quarter. Lindbrook Capital LLC now owns 1,070 shares of the basic materials company’s stock worth $46,000 after buying an additional 221 shares during the last quarter. Larson Financial Group LLC boosted its stake 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 worth $52,000 after acquiring an additional 600 shares in the last quarter. Crewe Advisors LLC acquired a new position in shares of Cameco during the 1st quarter valued at about $87,000. Finally, BNP Paribas bought a new position in shares of Cameco in the 1st quarter valued at approximately $93,000. Institutional investors 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.