Cameco (NYSE:CCJ) Trading Up 1.2% – Here’s What Happened

Cameco Co. (NYSE:CCJ) (TSE:CCO)’s stock price was up 1.2% during trading on Friday . The stock traded as high as $50.72 and last traded at $49.26. Approximately 1,426,871 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 4,633,882 shares. The stock had previously closed at $48.70.

Cameco Price Performance

The company has a market capitalization of $21.75 billion, a PE ratio of 263.02 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 company’s 50 day simple moving average is $53.07 and its 200 day simple moving average is $49.35.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) EPS 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 company had revenue of $721.00 million for the quarter, compared to analysts’ expectations of $646.83 million. During the same period in the prior year, the firm posted $0.24 EPS. The firm’s quarterly revenue was up 25.4% on a year-over-year basis. As a group, sell-side analysts predict that Cameco Co. will post 0.47 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CCJ. Sierra Ocean LLC acquired a new stake in shares of Cameco during the fourth quarter worth $25,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Cameco in the fourth quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings 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 buying an additional 238 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Cameco in the 4th quarter worth approximately $33,000. Finally, Pingora Partners LLC bought a new stake in shares of Cameco in the 3rd quarter valued at approximately $33,000. 70.21% of the stock is owned by hedge funds and other institutional investors.

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.