Cameco (NYSE:CCJ) Trading Up 0.3% – Time to Buy?

Cameco Co. (NYSE:CCJ) (TSE:CCO)’s share price traded up 0.3% on Thursday . The company traded as high as $56.81 and last traded at $56.49. 1,368,007 shares changed hands during trading, a decline of 65% from the average session volume of 3,853,881 shares. The stock had previously closed at $56.32.

Wall Street Analyst Weigh In

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

Cameco Trading Down 1.4 %

The company has a market capitalization of $24.42 billion, a P/E ratio of 295.24 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 has a fifty day moving average of $54.65 and a 200 day moving average of $49.37.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.40). Cameco had a net margin of 4.15% and a return on equity of 3.33%. The business had revenue of $721.00 million for the quarter, compared to the consensus estimate of $646.83 million. During the same period last year, the business posted $0.24 EPS. The firm’s revenue for the quarter was up 25.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Cameco Co. will post 0.47 EPS for the current fiscal year.

Cameco Increases Dividend

The firm also recently announced an annual dividend, which was paid on Friday, December 13th. Shareholders 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 yield of 0.22%. Cameco’s dividend payout ratio (DPR) is presently 63.16%.

Institutional Trading of Cameco

Large investors have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Cameco by 71.5% during 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 buying an additional 238 shares during the period. Pingora Partners LLC purchased a new position in shares of Cameco in the 3rd quarter valued at approximately $33,000. First Horizon Advisors Inc. grew its holdings in shares of Cameco by 84.2% during the third quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock valued at $37,000 after buying an additional 351 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Cameco during the 3rd quarter worth about $38,000. Finally, MassMutual Private Wealth & Trust FSB boosted its position in Cameco by 48.6% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company’s stock valued at $42,000 after buying an additional 267 shares during the last quarter. Hedge funds and other 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.