Cameco (NYSE:CCJ) Trading Down 0% - Should You Sell?

Cameco Co. (NYSE:CCJ - Get Free Report) TSE: CCO's stock price fell 0% during mid-day trading on Monday . The stock traded as low as $57.52 and last traded at $58.01. 1,784,072 shares changed hands during trading, a decline of 59% from the average session volume of 4,399,564 shares. The stock had previously closed at $58.02.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CCJ. National Bank Financial upgraded shares of Cameco to a "strong-buy" rating in a report on Tuesday, September 3rd. Cantor Fitzgerald upgraded Cameco from a "neutral" rating to an "overweight" rating in a report on Wednesday, July 31st. Bank of America increased their price objective on Cameco from $59.00 to $60.50 and gave the company a "buy" rating in a report on Wednesday, June 26th. Scotiabank decreased their price objective on Cameco from $81.00 to $80.00 and set an "outperform" rating for the company in a report on Monday, August 19th. Finally, Janney Montgomery Scott upgraded Cameco to a "strong-buy" rating in a report on Friday, October 4th. 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. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $66.56.

Cameco Stock Down 0.2 %

The company has a quick ratio of 1.48, a current ratio of 3.22 and a debt-to-equity ratio of 0.23. The firm has a market cap of $25.21 billion, a P/E ratio of 148.74 and a beta of 0.90. The stock's 50-day simple moving average is $44.42 and its 200 day simple moving average is $47.65.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.28 by ($0.14). The firm had revenue of $598.00 million for the quarter, compared to the consensus estimate of $756.00 million. Cameco had a net margin of 9.72% and a return on equity of 5.63%. The business's revenue was up 24.1% compared to the same quarter last year. During the same period last year, the company posted ($0.01) EPS. As a group, research analysts forecast that Cameco Co. will post 0.83 EPS for the current fiscal year.

Hedge Funds Weigh In On Cameco

Institutional investors and hedge funds have recently made changes to their positions in the stock. LRI Investments LLC bought a new position in shares of Cameco during the 1st quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of 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 purchasing an additional 238 shares in the last quarter. Larson Financial Group LLC lifted its position 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 valued at $52,000 after acquiring an additional 600 shares in the last quarter. Blue Trust Inc. lifted its position in Cameco by 68.8% in the 3rd quarter. Blue Trust Inc. now owns 1,575 shares of the basic materials company's stock valued at $77,000 after acquiring an additional 642 shares in the last quarter. Finally, Crewe Advisors LLC bought a new position in Cameco in the 1st quarter valued at about $87,000. Institutional investors 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.