Cameco (NYSE:CCJ) Trading Down 2.5% – Time to Sell?

Cameco Co. (NYSE:CCJ) (TSE:CCO)’s stock price fell 2.5% on Tuesday . The stock traded as low as $44.74 and last traded at $44.60. 682,000 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 4,089,585 shares. The stock had previously closed at $45.74.

Wall Street Analyst Weigh In

CCJ has been the subject of a number of research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $90.00 target price on shares of Cameco in a report on Tuesday, March 4th. Stifel Canada raised Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Stifel Nicolaus started coverage on Cameco in a research report on Wednesday, March 12th. They set a “buy” rating on the stock. Glj Research upped their price target on Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research report on Wednesday, March 12th. Finally, StockNews.com upgraded Cameco from a “sell” rating to a “hold” rating in a research note on Wednesday, March 19th. One analyst has rated the stock with a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Cameco presently has a consensus rating of “Buy” and an average price target of $73.64.

Cameco Price Performance

The firm has a 50-day moving average of $46.97 and a 200-day moving average of $50.23. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The stock has a market cap of $19.38 billion, a PE ratio of 159.04 and a beta of 1.04.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The firm had revenue of $845.54 million for the quarter, compared to analysts’ expectations of $1.09 billion. Research analysts predict that Cameco Co. will post 1.27 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Old West Investment Management LLC grew its holdings in Cameco by 10.4% during the 3rd quarter. Old West Investment Management LLC now owns 282,072 shares of the basic materials company’s stock valued at $13,472,000 after buying an additional 26,584 shares in the last quarter. First Horizon Advisors Inc. boosted 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 valued at $37,000 after acquiring an additional 351 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Cameco by 3.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 902,640 shares of the basic materials company’s stock valued at $43,169,000 after purchasing an additional 29,617 shares in the last quarter. Cerity Partners LLC increased its position in Cameco by 78.8% in the third quarter. Cerity Partners LLC now owns 20,920 shares of the basic materials company’s stock worth $999,000 after purchasing an additional 9,222 shares during the last quarter. Finally, Bank of Hawaii bought a new stake in Cameco in the third quarter worth $211,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

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.