Cameco (NYSE:CCJ) Shares Down 1.7% - Time to Sell?

Cameco Co. (NYSE:CCJ - Get Free Report) TSE: CCO shares traded down 1.7% during mid-day trading on Tuesday . The company traded as low as $42.38 and last traded at $42.62. 555,534 shares were traded during mid-day trading, a decline of 86% from the average session volume of 4,081,826 shares. The stock had previously closed at $43.33.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CCJ. Stifel Canada raised shares of Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. StockNews.com raised shares of Cameco from a "sell" rating to a "hold" rating in a research note on Wednesday. Glj Research upped their price objective on Cameco from $62.76 to $75.68 and gave the company a "buy" rating in a report on Wednesday, March 12th. Royal Bank of Canada reiterated an "outperform" rating and issued a $90.00 price objective on shares of Cameco in a research report on Tuesday, March 4th. Finally, Stifel Nicolaus assumed coverage on Cameco in a research report on Wednesday, March 12th. They issued a "buy" rating on the stock. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $73.64.

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Cameco Trading Down 0.5 %

The stock has a market cap of $19.42 billion, a price-to-earnings ratio of 159.34 and a beta of 1.04. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The company has a 50 day moving average of $47.03 and a 200-day moving average of $50.01.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. The business had revenue of $845.54 million during the quarter, compared to analyst estimates of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. On average, research analysts anticipate that Cameco Co. will post 1.27 earnings per share for the current year.

Institutional Trading of Cameco

Hedge funds and other institutional investors have recently bought and sold shares of the business. Old West Investment Management LLC raised its position in shares of Cameco by 10.4% during the 3rd quarter. Old West Investment Management LLC now owns 282,072 shares of the basic materials company's stock worth $13,472,000 after acquiring an additional 26,584 shares in the last quarter. Empowered Funds LLC purchased a new position in Cameco in the third quarter valued at approximately $768,000. PNC Financial Services Group Inc. raised its holdings in Cameco by 1.2% during the third quarter. PNC Financial Services Group Inc. now owns 154,972 shares of the basic materials company's stock worth $7,401,000 after purchasing an additional 1,830 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of Cameco by 2.5% in the 3rd quarter. Jennison Associates LLC now owns 766,202 shares of the basic materials company's stock valued at $36,594,000 after buying an additional 18,741 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in shares of Cameco by 84.2% during the third quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company's stock worth $37,000 after purchasing an additional 351 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

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.