Cameco Co. (NYSE:CCJ - Get Free Report) TSE: CCO shares dropped 4.5% during trading on Friday . The company traded as low as $42.05 and last traded at $42.09. Approximately 1,786,486 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 5,489,061 shares. The stock had previously closed at $44.07.
Wall Street Analyst Weigh In
- 3 uranium stocks to buy as the metal hits 16-year high
Several equities analysts have issued reports on CCJ shares. Cantor Fitzgerald cut shares of Cameco from a "buy" rating to a "neutral" rating in a research report on Tuesday, December 19th. StockNews.com cut Cameco from a "hold" rating to a "sell" rating in a research note on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $65.33.
Read Our Latest Analysis on CCJ
Cameco Stock Performance
- Shocking uranium play that hedge funds kept hidden
The company has a market capitalization of $17.81 billion, a price-to-earnings ratio of 68.85 and a beta of 0.92. The company has a 50 day moving average price of $44.52 and a 200 day moving average price of $42.04. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.97 and a current ratio of 1.55.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.06). Cameco had a net margin of 13.97% and a return on equity of 5.61%. The firm had revenue of $620.00 million during the quarter. Equities research analysts predict that Cameco Co. will post 2.11 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Cameco
- 2 Uranium Stocks to Make Your Portfolio Glow Green
A number of hedge funds have recently added to or reduced their stakes in the stock. CGC Financial Services LLC bought a new position in shares of Cameco during the 2nd quarter valued at approximately $27,000. Principal Securities Inc. bought a new position in Cameco during the fourth quarter valued at $29,000. Allworth Financial LP increased its position in Cameco by 1,049.2% in the third quarter. Allworth Financial LP now owns 747 shares of the basic materials company's stock worth $30,000 after buying an additional 682 shares during the last quarter. Janiczek Wealth Management LLC raised its stake in shares of Cameco by 210.4% in the third quarter. Janiczek Wealth Management LLC now owns 773 shares of the basic materials company's stock valued at $31,000 after buying an additional 524 shares during the period. Finally, Tyler Stone Wealth Management purchased a new position in shares of Cameco during the 2nd quarter valued at $32,000. Institutional investors and hedge funds own 66.57% of the company's stock.
About Cameco
(Get Free Report)
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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