Cameco (NYSE:CCJ) Stock Price Down 0.5% - Here's What Happened

Shares of Cameco Co. (NYSE:CCJ - Get Free Report) TSE: CCO traded down 0.5% on Tuesday . The stock traded as low as $46.12 and last traded at $46.97. 1,767,339 shares were traded during mid-day trading, a decline of 60% from the average session volume of 4,466,509 shares. The stock had previously closed at $47.19.

Cameco Stock Down 6.4 %

The stock has a market capitalization of $18.96 billion, a price-to-earnings ratio of 229.25 and a beta of 0.94. The firm's fifty day moving average is $51.00 and its 200-day moving average is $49.62. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. The firm had revenue of $845.54 million for the quarter, compared to analysts' expectations of $1.09 billion. Cameco had a net margin of 4.15% and a return on equity of 3.33%. On average, sell-side analysts predict that Cameco Co. will post 0.42 earnings per share for the current year.

Institutional Trading of Cameco

Institutional investors have recently added to or reduced their stakes in the stock. FMR LLC raised its holdings in shares of Cameco by 8.7% during the fourth quarter. FMR LLC now owns 22,639,647 shares of the basic materials company's stock worth $1,163,942,000 after purchasing an additional 1,811,876 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Cameco by 1.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,846,044 shares of the basic materials company's stock worth $865,729,000 after purchasing an additional 190,337 shares during the period. Vanguard Group Inc. raised its holdings in shares of Cameco by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 16,784,270 shares of the basic materials company's stock worth $862,997,000 after purchasing an additional 270,102 shares during the period. Alliancebernstein L.P. raised its holdings in shares of Cameco by 13.5% during the fourth quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company's stock worth $518,443,000 after purchasing an additional 1,196,336 shares during the period. Finally, CIBC Asset Management Inc raised its holdings in shares of Cameco by 58.0% during the third quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company's stock worth $181,382,000 after purchasing an additional 1,386,639 shares during the period. 70.21% of the stock is owned by institutional investors and hedge funds.

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.