Cameco (NYSE:CCJ) Trading Up 4.1% - Still a Buy?

Cameco Co. (NYSE:CCJ - Get Free Report) TSE: CCO was up 4.1% on Friday . The company traded as high as $51.38 and last traded at $51.54. Approximately 1,442,103 shares were traded during trading, a decline of 56% from the average daily volume of 3,286,416 shares. The stock had previously closed at $49.51.

Wall Street Analysts Forecast Growth

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

Cameco Trading Up 4.5 %

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 stock has a market cap of $22.52 billion, a P/E ratio of 272.33 and a beta of 0.95. The company has a 50-day simple moving average of $54.55 and a 200-day simple moving average of $49.24.

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 analysts' consensus estimates of $0.39 by ($0.40). Cameco had a net margin of 4.15% and a return on equity of 3.33%. The business had revenue of $721.00 million during the quarter, compared to the consensus estimate of $646.83 million. During the same period in the prior year, the firm earned $0.24 earnings per share. The business's quarterly revenue was up 25.4% compared to the same quarter last year. On average, sell-side analysts forecast that Cameco Co. will post 0.47 EPS for the current fiscal year.

Cameco Increases Dividend

The business also recently declared an annual dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were issued a $0.118 dividend. The ex-dividend date was Wednesday, November 27th. This represents a dividend yield of 0.22%. This is a positive change from Cameco's previous annual dividend of $0.09. Cameco's dividend payout ratio (DPR) is currently 63.16%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Cameco by 71.5% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company's stock valued at $27,000 after acquiring an additional 238 shares during the period. Pingora Partners LLC acquired a new stake in shares of Cameco during the 3rd quarter worth approximately $33,000. First Horizon Advisors Inc. raised its stake 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 buying an additional 351 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Cameco in the third quarter valued at approximately $38,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in Cameco by 48.6% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company's stock worth $42,000 after acquiring an additional 267 shares during the period. Institutional investors and hedge funds own 70.21% of the company's stock.

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.

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