Cameco (NYSE:CCJ) Shares Down 0.4% – Time to Sell?

Cameco Co. (NYSE:CCJ) (TSE:CCO)’s stock price was down 0.4% during trading on Thursday . The company traded as low as $49.55 and last traded at $51.37. Approximately 5,200,832 shares changed hands during trading, an increase of 27% from the average daily volume of 4,097,801 shares. The stock had previously closed at $51.58.

Analyst Ratings Changes

Separately, Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a report on Friday, October 4th. One research analyst has rated the stock with a sell rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Cameco presently has a consensus rating of “Buy” and a consensus target price of $66.56.

Cameco Stock Down 0.4 %

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’s fifty day moving average is $54.84 and its 200-day moving average is $49.26. The company has a market capitalization of $22.36 billion, a PE ratio of 270.38 and a beta of 0.95.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data 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 company had revenue of $721.00 million for the quarter, compared to analysts’ expectations of $646.83 million. During the same period last year, the business earned $0.24 earnings per share. The company’s quarterly revenue was up 25.4% compared to the same quarter last year. As a group, analysts predict that Cameco Co. will post 0.51 EPS for the current fiscal year.

Cameco Increases Dividend

The firm also recently announced 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 of this dividend was Wednesday, November 27th. This is a positive change from Cameco’s previous annual dividend of $0.09. This represents a dividend yield of 0.22%. Cameco’s dividend payout ratio (DPR) is 57.89%.

Hedge Funds Weigh In On Cameco

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. grew its holdings in 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 valued at $27,000 after purchasing an additional 238 shares during the last quarter. Pingora Partners LLC acquired a new stake in Cameco in the third quarter valued at approximately $33,000. First Horizon Advisors Inc. lifted 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 period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Cameco during the third quarter worth $38,000. Finally, JFS Wealth Advisors LLC lifted its stake in shares of Cameco by 130.6% during the third quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company’s stock worth $46,000 after buying an additional 550 shares during the period. 70.21% of the stock is owned by hedge funds and other institutional investors.

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.