Cameco (NYSE:CCJ) Trading Down 2.8% – Time to Sell?

Cameco Co. (NYSE:CCJ) (TSE:CCO) shares were down 2.8% on Wednesday . The stock traded as low as $52.81 and last traded at $52.90. Approximately 1,420,767 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 4,401,693 shares. The stock had previously closed at $54.41.

Analyst Ratings Changes

A number of research firms have weighed in on CCJ. Glj Research reaffirmed a “buy” rating and set a $63.73 target price on shares of Cameco in a report on Wednesday, August 14th. Cantor Fitzgerald raised Cameco from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 31st. Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a report on Friday, October 4th. Scotiabank reduced their target price on Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Finally, National Bank Financial raised Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, five have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $66.56.

Cameco Stock Down 3.0 %

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 $22.97 billion, a PE ratio of 280.07 and a beta of 0.89. The company has a fifty day moving average price of $48.82 and a 200 day moving average price of $48.23.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.39 by ($0.40). Cameco had a return on equity of 3.33% and a net margin of 4.15%. The business had revenue of $721.00 million for the quarter, compared to analysts’ expectations of $646.83 million. During the same period in the previous year, the firm posted $0.24 EPS. The firm’s revenue for the quarter was up 25.4% compared to the same quarter last year. As a group, analysts anticipate that Cameco Co. will post 0.69 EPS for the current year.

Cameco Increases Dividend

The company also recently announced an annual dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be given a $0.118 dividend. This is an increase from Cameco’s previous annual dividend of $0.09. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a yield of 0.22%. Cameco’s payout ratio is presently 47.37%.

Institutional Trading of Cameco

Hedge funds have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Cameco by 71.5% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock valued at $27,000 after buying an additional 238 shares during the period. LRI Investments LLC purchased a new stake in Cameco in the first quarter worth $26,000. First Horizon Advisors Inc. grew its stake in Cameco by 84.2% in the third quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 351 shares during the period. JFS Wealth Advisors LLC grew its stake in Cameco by 130.6% in the third quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 550 shares during the period. Finally, Blue Trust Inc. grew its stake in Cameco by 68.8% in the third quarter. Blue Trust Inc. now owns 1,575 shares of the basic materials company’s stock worth $77,000 after purchasing an additional 642 shares during the period. 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.