Cameco (NYSE:CCJ) Trading 0.4% Higher – What’s Next?

Cameco Co. (NYSE:CCJ) (TSE:CCO)’s share price was up 0.4% during mid-day trading on Tuesday . The stock traded as high as $51.80 and last traded at $51.56. Approximately 1,188,683 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 4,327,700 shares. The stock had previously closed at $51.33.

Wall Street Analyst Weigh In

Separately, Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a report 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 assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $66.56.

Cameco Stock Up 0.1 %

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 company has a market cap of $22.37 billion, a P/E ratio of 270.49 and a beta of 0.91. The business’s fifty day moving average is $55.01 and its two-hundred day moving average is $49.24.

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

Cameco Increases Dividend

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

Hedge Funds Weigh In On Cameco

Hedge funds have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. lifted its stake 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 buying an additional 238 shares in the last quarter. Pingora Partners LLC acquired a new position in shares of Cameco during the 3rd quarter worth approximately $33,000. First Horizon Advisors Inc. grew its position 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 valued at $37,000 after purchasing an additional 351 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Cameco in the third quarter valued at approximately $38,000. Finally, JFS Wealth Advisors LLC boosted its stake in 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 buying an additional 550 shares during the last quarter. 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.