Cameco (NYSE:CCJ) Trading Up 0.1% - What's Next?

Cameco Co. (NYSE:CCJ - Get Free Report) TSE: CCO shares traded up 0.1% during trading on Wednesday . The company traded as high as $51.80 and last traded at $51.39. 2,820,411 shares traded hands during trading, a decline of 35% from the average session volume of 4,334,421 shares. The stock had previously closed at $51.33.

Analyst Upgrades and Downgrades

CCJ has been the topic of a number of recent research reports. National Bank Financial raised Cameco to a "strong-buy" rating in a report on Tuesday, September 3rd. Janney Montgomery Scott upgraded shares of Cameco to a "strong-buy" rating in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, five have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $66.56.

Cameco Trading Up 0.1 %

The company has a market cap of $22.37 billion, a price-to-earnings ratio of 270.49 and a beta of 0.91. 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 business has a 50 day simple moving average of $55.01 and a 200 day simple moving average of $49.24.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings data 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). Cameco had a return on equity of 3.33% and a net margin of 4.15%. The company had revenue of $721.00 million for the quarter, compared to the consensus estimate of $646.83 million. During the same period in the prior year, the company earned $0.24 EPS. The firm's revenue was up 25.4% compared to the same quarter last year. As a group, equities analysts forecast that Cameco Co. will post 0.51 EPS for the current year.

Cameco Increases Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CCJ. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Cameco by 71.5% in 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 last quarter. Pingora Partners LLC bought a new position in shares of Cameco in the 3rd quarter valued at about $33,000. First Horizon Advisors Inc. grew its position in shares of Cameco by 84.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company's stock worth $37,000 after buying an additional 351 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Cameco during the third quarter worth approximately $38,000. Finally, JFS Wealth Advisors LLC raised its position in shares of Cameco by 130.6% during the 3rd quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company's stock valued at $46,000 after acquiring an additional 550 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors.

About Cameco

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.