Cameco (NYSE:CCJ) Shares Up 1.4% – Here’s Why

Shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) were up 1.4% during trading on Thursday . The stock traded as high as $48.81 and last traded at $47.21. Approximately 2,176,123 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 4,510,784 shares. The stock had previously closed at $46.55.

Cameco Stock Up 1.0 %

The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The firm has a market cap of $20.47 billion, a P/E ratio of 247.46 and a beta of 0.94. The business’s fifty day moving average price is $51.19 and its two-hundred day moving average price is $49.64.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26. Cameco had a return on equity of 3.33% and a net margin of 4.15%. As a group, equities research analysts anticipate that Cameco Co. will post 0.42 EPS for the current year.

Institutional Trading of Cameco

A number of institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC increased its position in Cameco by 8.7% during the fourth quarter. FMR LLC now owns 22,639,647 shares of the basic materials company’s stock worth $1,163,942,000 after acquiring an additional 1,811,876 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Cameco by 1.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,846,044 shares of the basic materials company’s stock valued at $865,729,000 after buying an additional 190,337 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Cameco by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 16,784,270 shares of the basic materials company’s stock worth $862,997,000 after acquiring an additional 270,102 shares during the period. Alliancebernstein L.P. boosted its position in shares of Cameco by 13.5% during the 4th quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company’s stock valued at $518,443,000 after acquiring an additional 1,196,336 shares in the last quarter. Finally, CIBC Asset Management Inc increased its stake 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 valued at $181,382,000 after acquiring an additional 1,386,639 shares during the period. 70.21% of the stock is currently owned by institutional investors and hedge funds.

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.