Cameco (NYSE:CCJ) Stock Price Up 0.9% – Still a Buy?

Cameco Co. (NYSE:CCJ) (TSE:CCO) shares traded up 0.9% on Friday . The company traded as high as $53.43 and last traded at $53.37. 687,002 shares were traded during trading, a decline of 84% from the average session volume of 4,382,600 shares. The stock had previously closed at $52.91.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CCJ shares. National Bank Financial upgraded Cameco to a “strong-buy” rating in a research note on Tuesday, September 3rd. Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $66.56.

Cameco Trading Down 0.1 %

The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The stock’s 50 day moving average price is $55.49 and its 200-day moving average price is $49.33. The stock has a market capitalization of $23.01 billion, a PE ratio of 278.23 and a beta of 0.91.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). The business had revenue of $721.00 million for the quarter, compared to analysts’ expectations of $646.83 million. Cameco had a net margin of 4.15% and a return on equity of 3.33%. Cameco’s revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 EPS. On average, sell-side analysts expect that Cameco Co. will post 0.51 earnings per share 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 issued a dividend of $0.118 per share. This represents a yield of 0.22%. This is a boost from Cameco’s previous annual dividend of $0.09. The ex-dividend date was Wednesday, November 27th. Cameco’s dividend payout ratio is presently 57.89%.

Hedge Funds Weigh In On Cameco

Hedge funds and other institutional investors have recently modified their holdings of the business. Glenmede Trust Co. NA raised 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 worth $437,000 after purchasing an additional 191 shares in the last quarter. S.A. Mason LLC boosted its position 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 worth $175,000 after purchasing an additional 206 shares in the last quarter. Silvia Mccoll Wealth Management LLC increased its position in Cameco by 3.9% during the 3rd quarter. Silvia Mccoll Wealth Management LLC now owns 5,610 shares of the basic materials company’s stock valued at $268,000 after buying an additional 210 shares in the last quarter. EdgeRock Capital LLC raised its stake in Cameco by 1.7% in the third quarter. EdgeRock Capital LLC now owns 13,689 shares of the basic materials company’s stock valued at $654,000 after buying an additional 224 shares during the last quarter. Finally, LRI Investments LLC boosted its stake in Cameco by 39.0% in the 2nd quarter. LRI Investments LLC now owns 834 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 234 shares in the last quarter. 70.21% of the stock is currently 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.