Cameco (NYSE:CCJ) Shares Up 0.6% - What's Next?

Cameco Co. (NYSE:CCJ - Get Free Report) TSE: CCO's stock price was up 0.6% during trading on Friday . The stock traded as high as $53.02 and last traded at $52.47. Approximately 1,092,546 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 2,338,018 shares. The stock had previously closed at $52.16.

Wall Street Analyst Weigh In

Separately, Janney Montgomery Scott upgraded shares of Cameco to a "strong-buy" rating in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $66.56.

Cameco Stock Performance

The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The stock has a market cap of $23.12 billion, a PE ratio of 279.59 and a beta of 0.91. The business's 50-day moving average price is $54.96 and its 200-day moving average price is $49.27.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings results on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.40). Cameco had a return on equity of 3.33% and a net margin of 4.15%. The firm had revenue of $721.00 million during the quarter, compared to analysts' expectations of $646.83 million. During the same period in the prior year, the firm posted $0.24 earnings per share. Cameco's revenue for the quarter was up 25.4% compared to the same quarter last year. As a group, equities research analysts expect that Cameco Co. will post 0.51 earnings per share for the current fiscal year.

Cameco Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were issued a $0.118 dividend. This represents a yield of 0.22%. The ex-dividend date of this dividend was Wednesday, November 27th. This is an increase from Cameco's previous annual dividend of $0.09. Cameco's dividend payout ratio (DPR) is currently 57.89%.

Hedge Funds Weigh In On Cameco

Several hedge funds have recently modified their holdings of CCJ. Glenmede Trust Co. NA increased its stake in Cameco by 2.1% during the 3rd 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 in the last quarter. S.A. Mason LLC grew its holdings 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. Silvia Mccoll Wealth Management LLC increased its position in shares of Cameco by 3.9% in the 3rd quarter. Silvia Mccoll Wealth Management LLC now owns 5,610 shares of the basic materials company's stock valued at $268,000 after acquiring an additional 210 shares during the period. EdgeRock Capital LLC raised its stake 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 acquiring an additional 224 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in Cameco by 71.5% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company's stock worth $27,000 after acquiring an additional 238 shares during the period. Institutional investors and hedge funds 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.