Cameco (NYSE:CCJ) Stock Price Up 0.2% - Here's What Happened

Cameco Co. (NYSE:CCJ - Get Free Report) TSE: CCO's stock price traded up 0.2% during mid-day trading on Thursday . The company traded as high as $46.25 and last traded at $44.81. 1,385,029 shares changed hands during trading, a decline of 70% from the average session volume of 4,634,275 shares. The stock had previously closed at $44.72.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Cameco from a "sell" rating to a "hold" rating in a report on Friday, February 21st. One analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $66.56.

Cameco Trading Up 1.3 %

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 firm has a market cap of $19.17 billion, a price-to-earnings ratio of 157.27 and a beta of 0.94. The business has a 50 day moving average price of $49.87 and a 200-day moving average price of $49.98.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, hitting analysts' consensus estimates of $0.26. The company had revenue of $845.54 million for the quarter, compared to the consensus estimate of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. As a group, research analysts expect that Cameco Co. will post 1.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Cameco

Hedge funds have recently modified their holdings of the stock. FMR LLC boosted its position in Cameco by 8.7% during the fourth quarter. FMR LLC now owns 22,639,647 shares of the basic materials company's stock valued at $1,163,942,000 after purchasing an additional 1,811,876 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Cameco by 1.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,846,044 shares of the basic materials company's stock valued at $865,729,000 after purchasing an additional 190,337 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Cameco by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 16,784,270 shares of the basic materials company's stock worth $862,997,000 after acquiring an additional 270,102 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Cameco by 13.5% during the 4th quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company's stock worth $518,443,000 after buying an additional 1,196,336 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in Cameco by 58.0% during the 3rd quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company's stock worth $181,382,000 after buying an additional 1,386,639 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

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.