Cameco (NYSE:CCJ) Shares Up 0% – What’s Next?

Cameco Co. (NYSE:CCJ) (TSE:CCO)’s stock price was up 0% on Friday . The company traded as high as $44.08 and last traded at $43.48. Approximately 1,002,677 shares traded hands during trading, a decline of 78% from the average daily volume of 4,654,152 shares. The stock had previously closed at $43.48.

Analyst Ratings Changes

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

Cameco Price Performance

The stock’s 50 day simple moving average is $49.87 and its 200-day simple moving average is $49.91. 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 has a market capitalization of $19.17 billion, a PE ratio of 157.27 and a beta of 0.94.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.26. The company had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. As a group, equities analysts forecast that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CCJ. Assenagon Asset Management S.A. raised its position in Cameco by 22.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 21,497 shares of the basic materials company’s stock valued at $1,027,000 after purchasing an additional 3,899 shares in the last quarter. First Trust Direct Indexing L.P. purchased a new stake in shares of Cameco during the third quarter worth approximately $287,000. JFS Wealth Advisors LLC raised its holdings in Cameco by 130.6% in the third quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company’s stock valued at $46,000 after acquiring an additional 550 shares in the last quarter. Financial Advocates Investment Management acquired a new stake in Cameco in the third quarter valued at approximately $231,000. Finally, US Bancorp DE lifted its stake in Cameco by 1.9% in the third quarter. US Bancorp DE now owns 28,174 shares of the basic materials company’s stock worth $1,346,000 after acquiring an additional 524 shares during the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

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.