Cameco (NYSE:CCJ) Shares Down 1.8% - What's Next?

Cameco Co. (NYSE:CCJ - Get Free Report) TSE: CCO's stock price traded down 1.8% during trading on Thursday . The company traded as low as $49.06 and last traded at $49.44. 758,464 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 4,667,173 shares. The stock had previously closed at $50.35.

Cameco Price Performance

The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The business's 50 day moving average is $52.88 and its two-hundred day moving average is $49.38. The firm has a market cap of $21.75 billion, a P/E ratio of 263.02 and a beta of 0.94.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings results on Thursday, November 7th. The basic materials company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.40). The business had revenue of $721.00 million for the quarter, compared to the consensus estimate of $646.83 million. Cameco had a net margin of 4.15% and a return on equity of 3.33%. The business's revenue for the quarter was up 25.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.24 EPS. As a group, analysts anticipate that Cameco Co. will post 0.44 earnings per share for the current year.

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Institutional Investors Weigh In On Cameco

Institutional investors have recently made changes to their positions in the stock. Glenmede Trust Co. NA boosted its stake in shares of 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 during the period. S.A. Mason LLC boosted its position in shares of Cameco by 6.0% during the third 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 during the last quarter. EdgeRock Capital LLC grew its position in Cameco by 1.7% in the 3rd quarter. EdgeRock Capital LLC now owns 13,689 shares of the basic materials company's stock worth $654,000 after purchasing an additional 224 shares during the period. Larson Financial Group LLC increased its position in shares of Cameco by 37.4% during the 4th quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company's stock valued at $43,000 after purchasing an additional 226 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in Cameco by 71.5% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company's stock worth $27,000 after purchasing an additional 238 shares during the period. Hedge funds and other 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.