Cameco (NYSE:CCJ) Stock Price Down 0.3% – What’s Next?

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

Analyst Ratings Changes

A number of research analysts recently weighed in on CCJ shares. National Bank Financial raised Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, five have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $66.56.

Cameco Price Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The stock has a market capitalization of $22.72 billion, a PE ratio of 274.70 and a beta of 0.91. The company’s fifty day simple moving average is $55.41 and its two-hundred day simple moving average is $49.28.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). The business had revenue of $721.00 million for the quarter, compared to analysts’ expectations of $646.83 million. Cameco had a return on equity of 3.33% and a net margin of 4.15%. The company’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same period last year, the business earned $0.24 earnings per share. As a group, sell-side analysts predict that Cameco Co. will post 0.51 EPS for the current year.

Cameco Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were given a dividend of $0.118 per share. This represents a yield of 0.22%. The ex-dividend date of this dividend was Wednesday, November 27th. This is a boost from Cameco’s previous annual dividend of $0.09. Cameco’s dividend payout ratio (DPR) is currently 57.89%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Cameco by 71.5% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock valued at $27,000 after buying an additional 238 shares during the period. Pingora Partners LLC acquired a new position in Cameco in the 3rd quarter valued at $33,000. First Horizon Advisors Inc. lifted its stake in shares of Cameco by 84.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 351 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Cameco during the third quarter worth $38,000. Finally, JFS Wealth Advisors LLC grew its position in shares of Cameco by 130.6% in the third quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 550 shares during the period. 70.21% of the stock is currently owned by hedge funds and other 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.