Cameco (NYSE:CCJ) Stock Price Up 0.2% – Time to Buy?

Cameco Co. (NYSE:CCJ) (TSE:CCO) shares rose 0.2% during mid-day trading on Thursday . The stock traded as high as $46.25 and last traded at $44.81. Approximately 1,385,029 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 4,634,275 shares. The stock had previously closed at $44.72.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Cameco from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. One analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Cameco currently has a consensus rating of “Buy” and a consensus price target of $66.56.

Cameco Stock Up 1.3 %

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 has a market cap of $19.17 billion, a PE ratio of 157.27 and a beta of 0.94. The firm has a fifty day moving average of $49.87 and a 200 day moving average of $49.84.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. The business had revenue of $845.54 million for the quarter, compared to the consensus estimate of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. On average, equities research analysts anticipate that Cameco Co. will post 1.27 EPS for the current fiscal year.

Institutional Trading of Cameco

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Glenmede Trust Co. NA grew its position in shares of 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. Larson Financial Group LLC increased its position in shares of Cameco by 37.4% during the fourth quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 226 shares in the last quarter. Two Sigma Investments LP lifted its holdings in shares of Cameco by 0.5% in the 4th quarter. Two Sigma Investments LP now owns 50,438 shares of the basic materials company’s stock valued at $2,592,000 after purchasing an additional 238 shares during the last quarter. Heritage Wealth Management Inc. boosted its position in shares of Cameco by 0.8% in the 4th quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company’s stock valued at $1,587,000 after purchasing an additional 250 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of Cameco by 48.6% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 267 shares during the period. Institutional investors and hedge funds 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.