Cameco (NYSE:CCJ) Stock Price Up 0.5% – Here’s What Happened

Cameco Co. (NYSE:CCJ) (TSE:CCO) shares were up 0.5% during trading on Monday . The stock traded as high as $52.87 and last traded at $52.68. Approximately 531,116 shares were traded during trading, a decline of 88% from the average daily volume of 4,378,940 shares. The stock had previously closed at $52.44.

Analyst Upgrades and Downgrades

CCJ has been the subject of a number of research analyst reports. Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a report on Friday, October 4th. National Bank Financial upgraded shares of Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Cameco has a consensus rating of “Buy” and a consensus target price of $66.56.

Cameco Price Performance

The stock has a market cap of $23.09 billion, a PE ratio of 279.23 and a beta of 0.91. 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 business has a 50 day moving average price of $55.51 and a two-hundred day moving average price of $49.26.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.40). Cameco had a return on equity of 3.33% and a net margin of 4.15%. The business had revenue of $721.00 million during the quarter, compared to analysts’ expectations of $646.83 million. During the same period in the prior year, the firm posted $0.24 EPS. The firm’s revenue for the quarter was up 25.4% on a year-over-year basis. Research analysts expect that Cameco Co. will post 0.51 earnings per share for the current fiscal year.

Cameco Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were given a $0.118 dividend. This is a positive change from Cameco’s previous annual dividend of $0.09. The ex-dividend date was Wednesday, November 27th. This represents a yield of 0.22%. Cameco’s payout ratio is currently 57.89%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CCJ. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of 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 worth $27,000 after acquiring an additional 238 shares during the period. Pingora Partners LLC bought a new position in Cameco during the third quarter worth about $33,000. First Horizon Advisors Inc. increased its stake in shares of Cameco by 84.2% in the third quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 351 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Cameco in the third quarter valued at approximately $38,000. Finally, JFS Wealth Advisors LLC lifted its stake in shares of Cameco by 130.6% during the 3rd quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company’s stock valued at $46,000 after buying an additional 550 shares in the last quarter. 70.21% of the stock is owned by institutional investors.

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.