Cameco (NYSE:CCJ) Shares Down 0.3% – Here’s What Happened

Cameco Co. (NYSE:CCJ) (TSE:CCO)’s share price traded down 0.3% during mid-day trading on Friday . The stock traded as low as $51.44 and last traded at $52.42. 562,876 shares were traded during mid-day trading, a decline of 87% from the average session volume of 4,343,695 shares. The stock had previously closed at $52.56.

Analyst Upgrades and Downgrades

CCJ has been the subject of a number of recent research reports. Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a research report on Friday, October 4th. National Bank Financial upgraded Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. One equities 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 has an average rating of “Buy” and a consensus price target of $66.56.

Cameco Stock Down 0.1 %

The business has a fifty day moving average price of $55.30 and a two-hundred day moving average price of $49.26. The firm has a market cap of $22.85 billion, a PE ratio of 276.28 and a beta of 0.91. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26.

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

Cameco Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Signaturefd LLC raised its position in Cameco by 14.5% during the second quarter. Signaturefd LLC now owns 8,111 shares of the basic materials company’s stock valued at $399,000 after acquiring an additional 1,029 shares in the last quarter. Hantz Financial Services Inc. bought a new position in shares of Cameco during the 2nd quarter valued at $1,522,000. Commonwealth Equity Services LLC lifted its stake in shares of Cameco by 10.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 77,053 shares of the basic materials company’s stock valued at $3,791,000 after purchasing an additional 7,547 shares during the last quarter. Banque Cantonale Vaudoise boosted its holdings in Cameco by 70.4% in the second quarter. Banque Cantonale Vaudoise now owns 29,737 shares of the basic materials company’s stock worth $1,464,000 after purchasing an additional 12,287 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in Cameco by 35.5% during the second quarter. Van ECK Associates Corp now owns 1,069,776 shares of the basic materials company’s stock worth $52,663,000 after buying an additional 280,062 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.