Cameco (NYSE:CCJ) Shares Down 1.5% – What’s Next?

Cameco Corporation (NYSE:CCJ) (TSE:CCO) shares traded down 1.5% during mid-day trading on Tuesday . The stock traded as low as $101.95 and last traded at $103.5270. 3,308,802 shares traded hands during mid-day trading, a decline of 14% from the average session volume of 3,840,557 shares. The stock had previously closed at $105.14.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Glj Research restated a “buy” rating and issued a $171.20 price objective (up from $100.00) on shares of Cameco in a report on Wednesday, February 18th. Zacks Research lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. TD Securities lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. The Goldman Sachs Group reiterated a “buy” rating and set a $131.00 price target on shares of Cameco in a research note on Wednesday, February 4th. Finally, Canadian Imperial Bank of Commerce boosted their price objective on Cameco to $202.00 in a research report on Monday, March 9th. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $153.13.

Cameco Stock Down 1.5%

The firm has a market cap of $45.09 billion, a PE ratio of 95.86, a P/E/G ratio of 1.81 and a beta of 1.04. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.09 and a current ratio of 3.08. The firm’s 50-day moving average price is $114.08 and its two-hundred day moving average price is $107.20.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.05. The business had revenue of $607.49 million during the quarter, compared to the consensus estimate of $598.63 million. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The company’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.16 EPS. As a group, equities research analysts expect that Cameco Corporation will post 1.32 EPS for the current fiscal year.

Institutional Trading of Cameco

Several institutional investors have recently modified their holdings of CCJ. Nisa Investment Advisors LLC purchased a new stake in shares of Cameco during the 4th quarter worth approximately $25,000. Founders Capital Management purchased a new position in shares of Cameco during the fourth quarter worth approximately $27,000. Strategic Advocates LLC purchased a new position in shares of Cameco during the third quarter worth approximately $28,000. Mcguire Capital Advisors Inc. purchased a new position in shares of Cameco during the fourth quarter worth approximately $28,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of Cameco by 30,700.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 307 shares during the period. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Company Profile

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.