Cameco (NYSE:CCJ) Shares Up 1.6% – Here’s Why

Shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) traded up 1.6% during trading on Monday . The company traded as high as $54.65 and last traded at $54.63. 1,078,617 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 4,406,141 shares. The stock had previously closed at $53.79.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Cantor Fitzgerald upgraded shares of Cameco from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 31st. National Bank Financial upgraded shares of Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a research report on Friday, October 4th. Scotiabank cut their price objective on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Finally, Glj Research restated a “buy” rating and issued a $63.73 price objective on shares of Cameco in a research report on Wednesday, August 14th. One 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. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $66.56.

Cameco Trading Up 2.4 %

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 firm’s 50 day moving average is $45.96 and its 200 day moving average is $47.88. The company has a market capitalization of $23.96 billion, a PE ratio of 140.08 and a beta of 0.90.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Wednesday, July 31st. The basic materials company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.14). Cameco had a return on equity of 5.63% and a net margin of 9.72%. The firm had revenue of $598.00 million during the quarter, compared to analysts’ expectations of $756.00 million. During the same period in the previous year, the firm earned ($0.01) earnings per share. The firm’s quarterly revenue was up 24.1% compared to the same quarter last year. As a group, equities analysts predict that Cameco Co. will post 0.83 EPS for the current year.

Institutional Trading of Cameco

Several large investors have recently added to or reduced their stakes in the stock. S.A. Mason LLC boosted its holdings in Cameco by 6.0% in the third quarter. S.A. Mason LLC now owns 3,655 shares of the basic materials company’s stock valued at $175,000 after acquiring an additional 206 shares in the last quarter. Silvia Mccoll Wealth Management LLC boosted its holdings in Cameco by 3.9% in the third quarter. Silvia Mccoll Wealth Management LLC now owns 5,610 shares of the basic materials company’s stock valued at $268,000 after acquiring an additional 210 shares in the last quarter. EdgeRock Capital LLC boosted its holdings in Cameco by 1.7% in the third quarter. EdgeRock Capital LLC now owns 13,689 shares of the basic materials company’s stock valued at $654,000 after acquiring an additional 224 shares in the last quarter. LRI Investments LLC boosted its holdings in Cameco by 39.0% in the second 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 in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Cameco by 71.5% in 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 acquiring an additional 238 shares in the last quarter. Institutional investors own 70.21% of the company’s stock.

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.