Cameco (NYSE:CCJ) Trading Down 0.8% – Here’s What Happened

Cameco Co. (NYSE:CCJ) (TSE:CCO) dropped 0.8% on Wednesday . The stock traded as low as $49.72 and last traded at $49.93. Approximately 939,041 shares changed hands during trading, a decline of 80% from the average daily volume of 4,723,176 shares. The stock had previously closed at $50.32.

Cameco Stock Down 0.4 %

The company has a fifty day moving average price of $53.40 and a 200-day moving average price of $49.34. 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 $21.82 billion, a PE ratio of 263.77 and a beta of 0.94.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Thursday, November 7th. The basic materials company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.39 by ($0.40). The company had revenue of $721.00 million during the quarter, compared to analysts’ expectations of $646.83 million. Cameco had a return on equity of 3.33% and a net margin of 4.15%. The company’s revenue was up 25.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.24 EPS. As a group, analysts expect that Cameco Co. will post 0.47 earnings per share for the current year.

Cameco Increases Dividend

The company also recently announced an annual dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were issued a $0.118 dividend. This represents a dividend yield of 0.22%. The ex-dividend date of this dividend was Wednesday, November 27th. This is a positive change from Cameco’s previous annual dividend of $0.09. Cameco’s dividend payout ratio (DPR) is 63.16%.

Hedge Funds Weigh In On Cameco

Hedge funds have recently bought and sold shares of the business. Sierra Ocean LLC bought a new stake in Cameco during the 4th quarter valued at about $25,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Cameco by 71.5% during the third 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 in the last quarter. Pingora Partners LLC bought a new position in Cameco in the third quarter worth approximately $33,000. Whipplewood Advisors LLC purchased a new position in Cameco during the 4th quarter worth $33,000. Finally, Compass Planning Associates Inc purchased a new stake in shares of Cameco in the 4th quarter worth $36,000. Institutional investors 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.