Cameco (NYSE:CCJ) Stock Price Down 6.9%

Shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) traded down 6.9% during trading on Wednesday . The company traded as low as $47.75 and last traded at $47.85. 3,294,924 shares traded hands during trading, a decline of 24% from the average session volume of 4,335,922 shares. The stock had previously closed at $51.37.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Bank of America upped their price objective on Cameco from $59.00 to $60.50 and gave the company a “buy” rating in a research note on Wednesday, June 26th. StockNews.com lowered shares of Cameco from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. Finally, The Goldman Sachs Group increased their price objective on Cameco from $56.00 to $62.00 and gave the company a “buy” rating in a report on Friday, June 7th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $63.70.

Cameco Trading Down 7.6 %

The company has a debt-to-equity ratio of 0.17, a current ratio of 1.42 and a quick ratio of 0.69. The firm’s fifty day moving average is $51.97 and its 200-day moving average is $47.63. The firm has a market cap of $20.66 billion, a price-to-earnings ratio of 123.10 and a beta of 0.91.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Tuesday, April 30th. The basic materials company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.23). The business had revenue of $470.29 million during the quarter. Cameco had a return on equity of 4.60% and a net margin of 9.28%. Equities analysts anticipate that Cameco Co. will post 1.31 earnings per share for the current year.

Institutional Investors Weigh In On Cameco

Large investors have recently bought and sold shares of the stock. Venturi Wealth Management LLC boosted its position in shares of Cameco by 235.3% during the 1st quarter. Venturi Wealth Management LLC now owns 570 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 400 shares in the last quarter. LRI Investments LLC acquired a new position in shares of Cameco during the first quarter worth approximately $26,000. Principal Securities Inc. bought a new position in shares of Cameco in the 4th quarter worth $29,000. Sandy Spring Bank bought a new stake in Cameco during the 4th quarter valued at $43,000. Finally, Lindbrook Capital LLC increased its stake in Cameco by 26.0% during the 1st quarter. Lindbrook Capital LLC now owns 1,070 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 221 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

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.