Cameco (NYSE:CCJ) Stock Price Down 0.5% – Here’s Why

Shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) traded down 0.5% during trading on Tuesday . The stock traded as low as $46.12 and last traded at $46.97. 1,767,339 shares were traded during mid-day trading, a decline of 60% from the average session volume of 4,466,509 shares. The stock had previously closed at $47.19.

Cameco Price Performance

The stock has a market cap of $20.17 billion, a price-to-earnings ratio of 243.89 and a beta of 0.94. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The stock’s 50 day simple moving average is $51.19 and its two-hundred day simple moving average is $49.64.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. Cameco had a net margin of 4.15% and a return on equity of 3.33%. On average, analysts forecast that Cameco Co. will post 0.42 earnings per share for the current fiscal year.

Institutional Trading of Cameco

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CCJ. Glenmede Trust Co. NA lifted its holdings in Cameco by 2.1% in the third quarter. Glenmede Trust Co. NA now owns 9,149 shares of the basic materials company’s stock valued at $437,000 after buying an additional 191 shares during the period. S.A. Mason LLC lifted its stake in shares of Cameco by 6.0% in the 3rd quarter. S.A. Mason LLC now owns 3,655 shares of the basic materials company’s stock valued at $175,000 after purchasing an additional 206 shares during the period. Larson Financial Group LLC boosted its position in shares of Cameco by 37.4% in the 4th quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 226 shares during the last quarter. Two Sigma Investments LP grew its stake in shares of Cameco by 0.5% during the fourth quarter. Two Sigma Investments LP now owns 50,438 shares of the basic materials company’s stock worth $2,592,000 after purchasing an additional 238 shares during the period. Finally, Heritage Wealth Management Inc. increased its holdings in Cameco by 0.8% in the fourth quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company’s stock valued at $1,587,000 after purchasing an additional 250 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

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.