Cameco (NYSE:CCJ) Stock Price Up 0.9% - Here's What Happened

Cameco Co. (NYSE:CCJ - Get Free Report) TSE: CCO's share price was up 0.9% during trading on Tuesday . The stock traded as high as $51.83 and last traded at $51.60. Approximately 600,812 shares changed hands during trading, a decline of 86% from the average daily volume of 4,389,895 shares. The stock had previously closed at $51.15.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CCJ. Janney Montgomery Scott upgraded shares of Cameco to a "strong-buy" rating in a research note on Friday, October 4th. Glj Research reiterated a "buy" rating and issued a $63.73 price objective on shares of Cameco in a report on Wednesday, August 14th. Scotiabank dropped their target price on Cameco from $81.00 to $80.00 and set an "outperform" rating for the company in a report on Monday, August 19th. Cantor Fitzgerald upgraded Cameco from a "neutral" rating to an "overweight" rating in a report on Wednesday, July 31st. Finally, National Bank Financial upgraded Cameco to a "strong-buy" rating in a report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell 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.com, the stock currently has an average rating of "Buy" and an average price target of $66.56.

Cameco Price Performance

The firm has a fifty day moving average price of $47.56 and a two-hundred day moving average price of $48.09. The stock has a market capitalization of $22.31 billion, a P/E ratio of 119.23 and a beta of 0.89. The company has a quick ratio of 1.48, a current ratio of 3.22 and a debt-to-equity ratio of 0.23.

Institutional Investors Weigh In On Cameco

Several large investors have recently bought and sold shares of CCJ. LRI Investments LLC purchased a new position in shares of Cameco during the 1st quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Cameco by 71.5% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company's stock worth $27,000 after purchasing an additional 238 shares in the last quarter. JFS Wealth Advisors LLC lifted its holdings in Cameco by 130.6% in the 3rd quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company's stock worth $46,000 after purchasing an additional 550 shares in the last quarter. Larson Financial Group LLC lifted its holdings in Cameco by 99.3% in the 1st quarter. Larson Financial Group LLC now owns 1,204 shares of the basic materials company's stock worth $52,000 after purchasing an additional 600 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in Cameco by 68.8% in the 3rd quarter. Blue Trust Inc. now owns 1,575 shares of the basic materials company's stock worth $77,000 after purchasing an additional 642 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors.

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.