Cameco (NYSE:CCJ) Shares Down 2.6%

Shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) traded down 2.6% during mid-day trading on Monday . The company traded as low as $48.60 and last traded at $48.63. 401,306 shares were traded during trading, a decline of 91% from the average session volume of 4,390,933 shares. The stock had previously closed at $49.93.

Analyst Ratings Changes

Several research analysts recently weighed in on CCJ shares. StockNews.com cut shares of Cameco from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. Bank of America raised their price target on Cameco from $59.00 to $60.50 and gave the company a “buy” rating in a report on Wednesday, June 26th. Finally, The Goldman Sachs Group boosted their price objective on Cameco from $56.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, June 7th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $63.70.

Cameco Stock Up 9.7 %

The company has a quick ratio of 0.69, a current ratio of 1.42 and a debt-to-equity ratio of 0.17. The firm has a market cap of $23.37 billion, a P/E ratio of 131.95 and a beta of 0.91. The business has a fifty day moving average of $51.62 and a 200 day moving average of $47.30.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.23). Cameco had a net margin of 9.28% and a return on equity of 4.60%. The company had revenue of $470.29 million during the quarter. On average, equities research analysts predict that Cameco Co. will post 1.35 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Murphy Pohlad Asset Management LLC lifted its position in Cameco by 0.3% in the 1st quarter. Murphy Pohlad Asset Management LLC now owns 75,720 shares of the basic materials company’s stock valued at $3,280,000 after acquiring an additional 200 shares in the last quarter. Lindbrook Capital LLC lifted its stake in Cameco by 26.0% in the 1st quarter. Lindbrook Capital LLC now owns 1,070 shares of the basic materials company’s stock valued at $46,000 after acquiring an additional 221 shares in the last quarter. Meitav Investment House Ltd. boosted its position in Cameco by 2.8% during the 4th quarter. Meitav Investment House Ltd. now owns 8,897 shares of the basic materials company’s stock worth $383,000 after acquiring an additional 240 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Cameco by 12.3% during the 1st quarter. Fifth Third Bancorp now owns 2,290 shares of the basic materials company’s stock worth $99,000 after acquiring an additional 250 shares in the last quarter. Finally, Highview Capital Management LLC DE raised its holdings in shares of Cameco by 4.4% in the first 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 during the last quarter. 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.