Cameco (NYSE:CCJ) Stock Price Up 2.3% – What’s Next?

Cameco Co. (NYSE:CCJ) (TSE:CCO) shares rose 2.3% during trading on Tuesday . The stock traded as high as $50.28 and last traded at $49.91. Approximately 641,142 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 3,448,125 shares. The stock had previously closed at $48.80.

Analyst Upgrades and Downgrades

Separately, Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a research note on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $66.56.

Cameco Stock Down 0.4 %

The company has a market cap of $21.53 billion, a price-to-earnings ratio of 260.31 and a beta of 0.95. 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’s fifty day moving average is $54.55 and its two-hundred day moving average is $49.24.

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 net margin of 4.15% and a return on equity of 3.33%. The company had revenue of $721.00 million during the quarter, compared to the consensus estimate of $646.83 million. During the same quarter in the prior year, the business earned $0.24 EPS. The firm’s revenue for the quarter was up 25.4% compared to the same quarter last year. Sell-side analysts predict 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. Stockholders of record on Wednesday, November 27th were paid a $0.118 dividend. This is a positive change 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 presently 63.16%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Glenmede Trust Co. NA increased its stake in Cameco by 2.1% in the 3rd 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 last quarter. S.A. Mason LLC increased its position in shares of Cameco by 6.0% during 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 during the last quarter. Silvia Mccoll Wealth Management LLC lifted its holdings in Cameco by 3.9% during the third quarter. Silvia Mccoll Wealth Management LLC now owns 5,610 shares of the basic materials company’s stock worth $268,000 after acquiring an additional 210 shares during the period. EdgeRock Capital LLC boosted its position in Cameco by 1.7% in the third quarter. EdgeRock Capital LLC now owns 13,689 shares of the basic materials company’s stock worth $654,000 after purchasing an additional 224 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in 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 valued at $27,000 after purchasing an additional 238 shares during the period. 70.21% of the stock is owned by institutional investors.

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.