Cameco (NYSE:CCJ) Shares Down 2.5% – What’s Next?

Cameco Co. (NYSE:CCJ) (TSE:CCO)’s stock price traded down 2.5% during mid-day trading on Tuesday . The stock traded as low as $44.74 and last traded at $44.60. 682,000 shares traded hands during trading, a decline of 83% from the average session volume of 4,089,585 shares. The stock had previously closed at $45.74.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CCJ. StockNews.com upgraded Cameco from a “sell” rating to a “hold” rating in a research note on Wednesday, March 19th. Glj Research raised their price objective on Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a research report on Wednesday, March 12th. Stifel Canada raised Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Royal Bank of Canada reissued an “outperform” rating and issued a $90.00 target price on shares of Cameco in a report on Tuesday, March 4th. Finally, Stifel Nicolaus assumed coverage on shares of Cameco in a research report on Wednesday, March 12th. They set a “buy” rating for the company. One research analyst has rated the stock with a hold rating, seven have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $73.64.

Cameco Trading Down 1.3 %

The stock has a fifty day moving average of $46.75 and a 200-day moving average of $50.23. The company has a market cap of $18.59 billion, a PE ratio of 152.53 and a beta of 1.04. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. The company had revenue of $845.54 million for the quarter, compared to the consensus estimate of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. Sell-side analysts anticipate that Cameco Co. will post 1.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sierra Ocean LLC purchased a new position in shares of Cameco during the fourth quarter valued at $25,000. Hurley Capital LLC bought a new stake in shares of Cameco in the 4th quarter valued at about $27,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Cameco during the fourth quarter valued at approximately $28,000. Whipplewood Advisors LLC bought a new position in Cameco in the fourth quarter worth approximately $33,000. Finally, Pingora Partners LLC bought a new stake in Cameco during the 3rd quarter valued at $33,000. Institutional investors own 70.21% of the company’s stock.

About Cameco

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.