Cameco (NYSE:CCJ) Shares Up 0.5% – What’s Next?

Cameco Co. (NYSE:CCJ) (TSE:CCO) traded up 0.5% during mid-day trading on Monday . The stock traded as high as $52.87 and last traded at $52.68. 531,116 shares were traded during mid-day trading, a decline of 88% from the average session volume of 4,378,940 shares. The stock had previously closed at $52.44.

Wall Street Analyst Weigh In

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

Cameco Trading Down 1.0 %

The firm’s 50 day moving average is $55.54 and its 200 day moving average is $49.24. 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 cap of $22.90 billion, a PE ratio of 276.96 and a beta of 0.91.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results 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 net margin of 4.15% and a return on equity of 3.33%. The firm had revenue of $721.00 million for the quarter, compared to analysts’ expectations of $646.83 million. During the same quarter last year, the firm earned $0.24 earnings per share. The firm’s revenue for the quarter was up 25.4% on a year-over-year basis. On average, equities analysts anticipate that Cameco Co. will post 0.51 earnings per share for the current year.

Cameco Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were issued a $0.118 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a dividend yield of 0.22%. This is a boost from Cameco’s previous annual dividend of $0.09. Cameco’s dividend payout ratio (DPR) is presently 57.89%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. William Blair Investment Management LLC grew its stake in Cameco by 6.8% in the 2nd quarter. William Blair Investment Management LLC now owns 4,160,009 shares of the basic materials company’s stock worth $204,672,000 after buying an additional 265,196 shares in the last quarter. Driehaus Capital Management LLC lifted its holdings in shares of Cameco by 4.7% during the 2nd quarter. Driehaus Capital Management LLC now owns 3,915,086 shares of the basic materials company’s stock worth $192,622,000 after acquiring an additional 176,183 shares during the last quarter. CIBC Asset Management Inc grew its position in Cameco by 58.0% in the third quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock worth $181,382,000 after acquiring an additional 1,386,639 shares in the last quarter. Cibc World Market Inc. increased its stake in Cameco by 3.7% in the second quarter. Cibc World Market Inc. now owns 3,272,805 shares of the basic materials company’s stock valued at $161,022,000 after acquiring an additional 117,722 shares during the last quarter. Finally, National Bank of Canada FI raised its position in Cameco by 16.9% during the second quarter. National Bank of Canada FI now owns 2,634,371 shares of the basic materials company’s stock valued at $129,540,000 after purchasing an additional 381,176 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.