Cameco Co. (NYSE:CCJ - Get Free Report) TSE: CCO shares fell 2.3% during trading on Wednesday . The company traded as low as $46.19 and last traded at $46.81. 1,093,328 shares were traded during trading, a decline of 75% from the average session volume of 4,451,008 shares. The stock had previously closed at $47.92.
Analyst Ratings Changes
Separately, StockNews.com raised shares of Cameco from a "sell" rating to a "hold" rating in a research report on Friday. One analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Cameco currently has a consensus rating of "Buy" and a consensus price target of $66.56.
Check Out Our Latest Stock Report on CCJ
Cameco Stock Down 6.4 %
The firm's fifty day moving average price is $51.00 and its two-hundred day moving average price is $49.62. The stock has a market cap of $18.96 billion, a price-to-earnings ratio of 229.25 and a beta of 0.94. 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 announced its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. Cameco had a net margin of 4.15% and a return on equity of 3.33%. The firm had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion. Sell-side analysts forecast that Cameco Co. will post 0.42 earnings per share 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 business. Sierra Ocean LLC purchased a new stake in Cameco in the 4th quarter valued at about $25,000. Hurley Capital LLC purchased a new stake in Cameco in the 4th quarter valued at about $27,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Cameco in the 4th quarter valued at about $28,000. Pingora Partners LLC purchased a new stake in Cameco in the 3rd quarter valued at about $33,000. Finally, Whipplewood Advisors LLC purchased a new stake in Cameco in the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 70.21% of the company's stock.
About Cameco
(
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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.
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