Cameco (NYSE:CCJ) Trading Up 5.7% – What’s Next?

Cameco Co. (NYSE:CCJ) (TSE:CCO) was up 5.7% on Tuesday . The company traded as high as $50.05 and last traded at $50.16. Approximately 1,012,375 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 4,783,444 shares. The stock had previously closed at $47.45.

Cameco Stock Performance

The company has a market cap of $22.06 billion, a PE ratio of 266.72 and a beta of 0.94. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The business has a fifty day moving average of $53.78 and a 200-day moving average of $49.31.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results 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). Cameco had a return on equity of 3.33% and a net margin of 4.15%. The firm had revenue of $721.00 million for the quarter, compared to analysts’ expectations of $646.83 million. During the same quarter last year, the company posted $0.24 EPS. The firm’s revenue was up 25.4% on a year-over-year basis. Equities research analysts anticipate that Cameco Co. will post 0.47 earnings per share for the current fiscal year.

Cameco Increases Dividend

The company also recently announced an annual dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were issued a dividend of $0.118 per share. This is an increase from Cameco’s previous annual dividend of $0.09. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a dividend yield of 0.22%. Cameco’s dividend payout ratio is 63.16%.

Institutional Trading of Cameco

Several hedge funds and other institutional investors have recently made changes to their positions in CCJ. Sierra Ocean LLC purchased a new stake in shares of Cameco in the 4th quarter worth approximately $25,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Cameco by 71.5% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock worth $27,000 after buying an additional 238 shares during the last quarter. Pingora Partners LLC purchased a new stake in shares of Cameco in the 3rd quarter worth approximately $33,000. Compass Planning Associates Inc purchased a new stake in shares of Cameco in the 4th quarter worth approximately $36,000. Finally, First Horizon Advisors Inc. grew its stake in shares of Cameco by 84.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock worth $37,000 after buying an additional 351 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.