Cameco Corp (NYSE:CCJ) (TSE:CCO) shares saw unusually-strong trading volume on Friday . Approximately 6,724,086 shares changed hands during trading, an increase of 257% from the previous session’s volume of 1,885,006 shares.The stock last traded at $11.10 and had previously closed at $10.64.
A number of research analysts recently issued reports on CCJ shares. ValuEngine upgraded Valmont Industries from a “sell” rating to a “hold” rating in a research report on Friday. Raymond James reiterated a “buy” rating and set a $21.00 price target on shares of Colfax in a research report on Thursday, May 2nd. Royal Bank of Canada set a $42.00 price target on Devon Energy and gave the stock a “hold” rating in a research report on Thursday, May 2nd. TD Securities reduced their price target on WPX Energy from $19.00 to $18.50 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Finally, Zacks Investment Research upgraded Grana y Montero SAA from a “sell” rating to a “hold” rating in a research report on Monday, June 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $14.67.
The firm has a 50-day simple moving average of $10.43. The company has a market capitalization of $4.39 billion, a P/E ratio of 27.75 and a beta of 0.88. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.55 and a quick ratio of 1.78.
Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Wednesday, May 1st. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.04). The company had revenue of $297.50 million for the quarter, compared to analyst estimates of $392.93 million. Cameco had a return on equity of 3.13% and a net margin of 4.72%. The firm’s revenue for the quarter was down 32.3% on a year-over-year basis. During the same period last year, the firm earned $0.06 earnings per share. Equities research analysts predict that Cameco Corp will post 0.01 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in CCJ. Pinnacle Financial Partners Inc. acquired a new position in Cameco during the first quarter valued at $29,000. Truvestments Capital LLC acquired a new position in Cameco during the first quarter valued at $39,000. Baldwin Brothers Inc. MA acquired a new position in Cameco during the first quarter valued at $41,000. Quadrant Capital Group LLC raised its position in Cameco by 70.1% during the first quarter. Quadrant Capital Group LLC now owns 11,653 shares of the basic materials company’s stock valued at $134,000 after buying an additional 4,803 shares during the period. Finally, Cetera Advisors LLC acquired a new position in Cameco during the first quarter valued at $169,000. 51.64% of the stock is currently owned by institutional investors.
About Cameco (NYSE:CCJ)
Cameco Corporation produces and sells uranium worldwide. The company operates in two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrate. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; and the Inkai property located in Kazakhstan.
Recommended Story: CBOE Russell 2000® Volatility Index
Receive News & Ratings for Cameco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cameco and related companies with MarketBeat.com's FREE daily email newsletter.