Cameco (NYSE:CCJ) Trading Down 3.4% – Time to Sell?

Cameco Co. (NYSE:CCJ) (TSE:CCO) shares fell 3.4% during mid-day trading on Wednesday . The company traded as low as $49.78 and last traded at $49.81. 1,576,805 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 3,333,627 shares. The stock had previously closed at $51.58.

Analyst Upgrades and Downgrades

Separately, Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a report on Friday, October 4th. One 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 data from MarketBeat.com, Cameco has a consensus rating of “Buy” and a consensus price target of $66.56.

Cameco Stock Down 2.1 %

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 company has a market cap of $21.98 billion, a price-to-earnings ratio of 265.75 and a beta of 0.95. The business’s 50 day simple moving average is $54.89 and its 200-day simple moving average is $49.25.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share (EPS) 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 firm had revenue of $721.00 million for the quarter, compared to analyst estimates of $646.83 million. During the same period in the previous year, the business posted $0.24 EPS. Cameco’s revenue for the quarter was up 25.4% on a year-over-year basis. Sell-side analysts expect that Cameco Co. will post 0.51 earnings per share for the current year.

Cameco Increases Dividend

The firm also recently announced an annual dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were paid a $0.118 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This is a boost from Cameco’s previous annual dividend of $0.09. This represents a yield of 0.22%. Cameco’s payout ratio is 57.89%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Glenmede Trust Co. NA boosted its holdings in Cameco by 2.1% during the third quarter. Glenmede Trust Co. NA now owns 9,149 shares of the basic materials company’s stock valued at $437,000 after purchasing an additional 191 shares in the last quarter. S.A. Mason LLC boosted its stake in Cameco by 6.0% in the 3rd quarter. S.A. Mason LLC now owns 3,655 shares of the basic materials company’s stock valued at $175,000 after buying an additional 206 shares in the last quarter. Silvia Mccoll Wealth Management LLC grew its position in Cameco by 3.9% in the third quarter. Silvia Mccoll Wealth Management LLC now owns 5,610 shares of the basic materials company’s stock valued at $268,000 after acquiring an additional 210 shares during the period. EdgeRock Capital LLC raised its stake in Cameco by 1.7% during the third quarter. EdgeRock Capital LLC now owns 13,689 shares of the basic materials company’s stock worth $654,000 after acquiring an additional 224 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings 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 acquiring an additional 238 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.