Cameco (NYSE:CCJ) Stock Price Down 2.2% – Should You Sell?

Cameco Co. (NYSE:CCJ) (TSE:CCO)’s share price dropped 2.2% during mid-day trading on Friday . The stock traded as low as $49.90 and last traded at $50.25. Approximately 891,408 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 3,541,044 shares. The stock had previously closed at $51.38.

Analyst Upgrades and Downgrades

Separately, Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a research note on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $66.56.

Cameco Stock Down 2.8 %

The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The company has a market cap of $21.74 billion, a price-to-earnings ratio of 262.86 and a beta of 0.95. The firm’s fifty day moving average price is $54.82 and its 200-day moving average price is $49.28.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share (EPS) 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 company had revenue of $721.00 million for the quarter, compared to the consensus estimate of $646.83 million. During the same period in the prior year, the company earned $0.24 EPS. The firm’s revenue was up 25.4% on a year-over-year basis. Sell-side analysts predict that Cameco Co. will post 0.51 earnings per share for the current year.

Cameco Increases Dividend

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

Institutional Trading of Cameco

A number of large investors have recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Cameco by 71.5% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 238 shares during the period. Pingora Partners LLC acquired a new stake in Cameco in the 3rd quarter worth about $33,000. First Horizon Advisors Inc. grew its position in shares of Cameco by 84.2% during the 3rd 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 acquired a new position in shares of Cameco during the 3rd quarter worth approximately $38,000. Finally, JFS Wealth Advisors LLC increased its holdings in shares of Cameco by 130.6% during the third quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 550 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

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.