Cameco (NYSE:CCJ) Trading Down 1.7% – Time to Sell?

Cameco Co. (NYSE:CCJ) (TSE:CCO) shares were down 1.7% during trading on Monday . The company traded as low as $51.44 and last traded at $51.59. Approximately 350,001 shares traded hands during trading, a decline of 92% from the average daily volume of 4,333,279 shares. The stock had previously closed at $52.49.

Analyst Upgrades and Downgrades

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

Cameco Trading Down 1.0 %

The company has a market cap of $22.62 billion, a price-to-earnings ratio of 273.49 and a beta of 0.91. The company’s 50 day moving average price is $55.30 and its 200 day moving average price is $49.24. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its 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 business had revenue of $721.00 million for the quarter, compared to analyst estimates of $646.83 million. Cameco had a return on equity of 3.33% and a net margin of 4.15%. The company’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.24 earnings per share. Research analysts anticipate that Cameco Co. will post 0.51 EPS for the current year.

Cameco Increases Dividend

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

Institutional Inflows and Outflows

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

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.