Cameco Co. (NYSE:CCJ - Get Free Report) TSE: CCO shares dropped 0.4% during trading on Friday . The company traded as low as $44.02 and last traded at $44.66. Approximately 912,435 shares were traded during trading, a decline of 78% from the average daily volume of 4,078,281 shares. The stock had previously closed at $44.85.
Analyst Upgrades and Downgrades
CCJ has been the topic of a number of recent research reports. StockNews.com upgraded Cameco from a "sell" rating to a "hold" rating in a research note on Wednesday, March 19th. Stifel Nicolaus assumed coverage on shares of Cameco in a research report on Wednesday, March 12th. They issued a "buy" rating on the stock. Glj Research upped their target price on shares of Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research report on Wednesday, March 12th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $90.00 price target on shares of Cameco in a report on Tuesday, March 4th. Finally, Stifel Canada raised Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $73.64.
Read Our Latest Research Report on CCJ
Cameco Price Performance
The firm has a market capitalization of $19.33 billion, a P/E ratio of 158.30 and a beta of 1.04. The business's fifty day moving average is $46.97 and its 200 day moving average is $50.23. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The business had revenue of $845.54 million during the quarter, compared to analyst estimates of $1.09 billion. As a group, analysts forecast that Cameco Co. will post 1.27 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in CCJ. Glenmede Trust Co. NA lifted its position in shares of Cameco by 2.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 9,149 shares of the basic materials company's stock valued at $437,000 after acquiring an additional 191 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of Cameco by 37.4% in the fourth 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 in the last quarter. Two Sigma Investments LP boosted its position in shares of Cameco by 0.5% in the fourth quarter. Two Sigma Investments LP now owns 50,438 shares of the basic materials company's stock worth $2,592,000 after buying an additional 238 shares during the period. Heritage Wealth Management Inc. grew its holdings in shares of Cameco by 0.8% during the fourth quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company's stock valued at $1,587,000 after buying an additional 250 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in Cameco by 48.6% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company's stock valued at $42,000 after buying an additional 267 shares during the period. 70.21% of the stock is currently owned by institutional investors and hedge funds.
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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