Cameco (NYSE:CCJ) Shares Down 1.7% – Should You Sell?

Cameco Co. (NYSE:CCJ) (TSE:CCO)’s stock price traded down 1.7% during trading on Tuesday . The company traded as low as $42.38 and last traded at $42.62. 555,534 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 4,081,826 shares. The stock had previously closed at $43.33.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. StockNews.com upgraded Cameco from a “sell” rating to a “hold” rating in a research report on Wednesday. Stifel Canada upgraded Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th. Glj Research boosted their target price on Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research report on Wednesday, March 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $90.00 target price on shares of Cameco in a research report on Tuesday, March 4th. Finally, Stifel Nicolaus assumed coverage on Cameco in a research report on Wednesday, March 12th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $73.64.

Cameco Stock Performance

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 firm has a fifty day moving average price of $47.26 and a two-hundred day moving average price of $50.02. The stock has a market capitalization of $19.23 billion, a PE ratio of 157.74 and a beta of 1.04.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly 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 return on equity of 4.34% and a net margin of 5.39%. The firm had revenue of $845.54 million for the quarter, compared to the consensus estimate of $1.09 billion. Research analysts expect that Cameco Co. will post 1.27 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CCJ. Norges Bank bought a new position in Cameco in the fourth quarter worth approximately $188,595,000. FMR LLC grew its stake in Cameco by 8.7% in the fourth quarter. FMR LLC now owns 22,639,647 shares of the basic materials company’s stock worth $1,163,942,000 after purchasing an additional 1,811,876 shares in the last quarter. Driehaus Capital Management LLC grew its stake in Cameco by 120.2% in the fourth quarter. Driehaus Capital Management LLC now owns 2,245,539 shares of the basic materials company’s stock worth $115,398,000 after purchasing an additional 1,225,966 shares in the last quarter. Alliancebernstein L.P. grew its stake in Cameco by 13.5% in the fourth quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company’s stock worth $518,443,000 after purchasing an additional 1,196,336 shares in the last quarter. Finally, AGF Management Ltd. grew its stake in Cameco by 54.2% in the fourth quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company’s stock worth $174,433,000 after purchasing an additional 1,193,266 shares in 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.