Cameco (NYSE:CCJ) Shares Down 0.2%

Cameco Co. (NYSE:CCJ) (TSE:CCO)’s stock price fell 0.2% on Friday . The company traded as low as $47.74 and last traded at $47.97. 965,623 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 4,354,436 shares. The stock had previously closed at $48.06.

Wall Street Analyst Weigh In

Several research firms recently commented on CCJ. Scotiabank cut their price target on Cameco from $81.00 to $80.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. National Bank Financial upgraded Cameco to a “strong-buy” rating in a research note on Tuesday, September 3rd. Cantor Fitzgerald upgraded Cameco from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 31st. The Goldman Sachs Group increased their price objective on shares of Cameco from $56.00 to $62.00 and gave the company a “buy” rating in a research note on Friday, June 7th. Finally, Glj Research reaffirmed a “buy” rating and set a $63.73 price target on shares of Cameco in a research report on Wednesday, August 14th. 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $67.25.

Cameco Price Performance

The company has a debt-to-equity ratio of 0.23, a current ratio of 3.22 and a quick ratio of 1.48. The stock has a market capitalization of $20.78 billion, a price-to-earnings ratio of 123.00 and a beta of 0.90. The company has a 50-day simple moving average of $41.58 and a two-hundred day simple moving average of $46.61.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.14). The firm had revenue of $598.00 million during the quarter, compared to the consensus estimate of $756.00 million. Cameco had a net margin of 9.72% and a return on equity of 5.63%. The company’s revenue for the quarter was up 24.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.01) earnings per share. On average, equities research analysts predict that Cameco Co. will post 0.91 earnings per share for the current year.

Institutional Investors Weigh In On Cameco

A number of hedge funds and other institutional investors have recently modified their holdings of CCJ. Murphy Pohlad Asset Management LLC lifted its position in Cameco by 0.3% in the first quarter. Murphy Pohlad Asset Management LLC now owns 75,720 shares of the basic materials company’s stock worth $3,280,000 after purchasing an additional 200 shares during the period. Lindbrook Capital LLC raised its position in Cameco by 26.0% in the first quarter. Lindbrook Capital LLC now owns 1,070 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 221 shares in the last quarter. LRI Investments LLC lifted its holdings in Cameco by 39.0% in the 2nd quarter. LRI Investments LLC now owns 834 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 234 shares during the last quarter. Highview Capital Management LLC DE boosted its position in shares of Cameco by 4.4% during the 1st quarter. Highview Capital Management LLC DE now owns 5,946 shares of the basic materials company’s stock valued at $258,000 after purchasing an additional 250 shares in the last quarter. Finally, S.A. Mason LLC raised its holdings in shares of Cameco by 8.1% in the 2nd quarter. S.A. Mason LLC now owns 3,449 shares of the basic materials company’s stock worth $170,000 after purchasing an additional 258 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors.

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.