Cameco (NYSE:CCJ) Stock Price Down 0.8% – Here’s What Happened

Cameco Co. (NYSE:CCJ) (TSE:CCO)’s stock price dropped 0.8% on Wednesday . The company traded as low as $49.72 and last traded at $49.93. Approximately 939,041 shares traded hands during trading, a decline of 80% from the average daily volume of 4,723,176 shares. The stock had previously closed at $50.32.

Cameco Stock Performance

The company has a market cap of $21.75 billion, a price-to-earnings ratio of 263.02 and a beta of 0.94. 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 stock’s fifty day simple moving average is $53.07 and its two-hundred day simple moving average is $49.35.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). Cameco had a net margin of 4.15% and a return on equity of 3.33%. The business had revenue of $721.00 million for the quarter, compared to analyst estimates of $646.83 million. During the same period last year, the firm earned $0.24 earnings per share. The company’s quarterly revenue was up 25.4% on a year-over-year basis. Equities research analysts anticipate that Cameco Co. will post 0.47 EPS for the current year.

Institutional Trading of Cameco

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sierra Ocean LLC acquired a new stake in Cameco during the fourth quarter worth about $25,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Cameco in the 4th quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in Cameco by 71.5% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 238 shares during the period. Whipplewood Advisors LLC bought a new position in Cameco during the 4th quarter worth $33,000. Finally, Pingora Partners LLC acquired a new stake in Cameco in the third quarter worth $33,000. 70.21% of the stock is owned by 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.