Cameco (NYSE:CCJ) Trading Down 0.5% – What’s Next?

Cameco Co. (NYSE:CCJ) (TSE:CCO) traded down 0.5% during trading on Tuesday . The company traded as low as $46.12 and last traded at $46.97. 1,767,339 shares were traded during trading, a decline of 60% from the average session volume of 4,466,509 shares. The stock had previously closed at $47.19.

Cameco Stock Performance

The company’s fifty day moving average price is $51.59 and its two-hundred day moving average price is $49.59. 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 firm has a market capitalization of $20.84 billion, a PE ratio of 251.93 and a beta of 0.94.

Hedge Funds Weigh In On Cameco

A number of large investors have recently bought and sold shares of CCJ. Norges Bank acquired a new stake in shares of Cameco during the 4th quarter worth $188,595,000. FMR LLC increased its stake in Cameco by 8.7% during the fourth quarter. FMR LLC now owns 22,639,647 shares of the basic materials company’s stock worth $1,163,942,000 after acquiring an additional 1,811,876 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of Cameco by 58.0% in the 3rd quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock worth $181,382,000 after purchasing an additional 1,386,639 shares during the period. M&G PLC acquired a new position in shares of Cameco in the 3rd quarter valued at about $66,227,000. Finally, Driehaus Capital Management LLC grew its holdings in shares of Cameco by 120.2% during the 4th quarter. Driehaus Capital Management LLC now owns 2,245,539 shares of the basic materials company’s stock worth $115,398,000 after purchasing an additional 1,225,966 shares during the period. Hedge funds and other institutional investors own 70.21% of the company’s stock.

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.