Cameco (NYSE:CCJ) Stock Price Up 0.2% – Should You Buy?

Cameco Co. (NYSE:CCJ) (TSE:CCO) rose 0.2% during trading on Thursday . The stock traded as high as $46.25 and last traded at $44.81. Approximately 1,385,029 shares were traded during trading, a decline of 70% from the average daily volume of 4,634,275 shares. The stock had previously closed at $44.72.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Cameco from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $66.56.

Cameco Stock Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The company has a market cap of $19.17 billion, a price-to-earnings ratio of 157.27 and a beta of 0.94. The firm has a 50 day simple moving average of $49.87 and a 200-day simple moving average of $49.84.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.26. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The firm had revenue of $845.54 million during the quarter, compared to the consensus estimate of $1.09 billion. As a group, analysts predict that Cameco Co. will post 1.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Cameco

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sierra Ocean LLC acquired a new stake in Cameco in the 4th quarter valued at approximately $25,000. Hurley Capital LLC purchased a new position in shares of Cameco during the fourth quarter worth $27,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Cameco in the fourth quarter valued at $28,000. Pingora Partners LLC acquired a new stake in shares of Cameco during the third quarter worth about $33,000. Finally, Whipplewood Advisors LLC purchased a new stake in Cameco during the 4th quarter worth approximately $33,000. 70.21% of the stock is 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.