Cameco (NYSE:CCJ) Shares Down 0.3% – Should You Sell?

Cameco Co. (NYSE:CCJ) (TSE:CCO)’s stock price fell 0.3% during mid-day trading on Monday . The company traded as low as $42.36 and last traded at $43.33. 2,162,792 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 4,607,233 shares. The stock had previously closed at $43.48.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Cameco from a “sell” rating to a “hold” rating in a research report on Friday. One analyst has rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Cameco currently has a consensus rating of “Buy” and an average price target of $66.56.

Cameco Stock Up 0.1 %

The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The firm has a fifty day moving average of $50.79 and a 200-day moving average of $49.83. The firm has a market cap of $18.95 billion, a P/E ratio of 155.42 and a beta of 0.94.

Cameco (NYSE:CCJ) (TSE:CCO) last released 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 company had revenue of $845.54 million during the quarter, compared to the consensus estimate of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. On average, equities research analysts anticipate that Cameco Co. will post 1.27 earnings per share for the current year.

Institutional Investors Weigh In On Cameco

Several hedge funds have recently bought and sold shares of the company. Glenmede Trust Co. NA increased its position in Cameco by 2.1% during the third quarter. Glenmede Trust Co. NA now owns 9,149 shares of the basic materials company’s stock worth $437,000 after buying an additional 191 shares during the last quarter. S.A. Mason LLC raised its stake in Cameco by 6.0% in the 3rd quarter. S.A. Mason LLC now owns 3,655 shares of the basic materials company’s stock valued at $175,000 after acquiring an additional 206 shares during the period. Larson Financial Group LLC lifted its holdings in Cameco by 37.4% during the 4th quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 226 shares during the last quarter. Two Sigma Investments LP boosted its position in Cameco by 0.5% during the fourth quarter. Two Sigma Investments LP now owns 50,438 shares of the basic materials company’s stock worth $2,592,000 after purchasing an additional 238 shares during the period. Finally, Heritage Wealth Management Inc. increased its holdings in shares of Cameco by 0.8% in the fourth quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company’s stock valued at $1,587,000 after purchasing an additional 250 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

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.