Cameco (NYSE:CCJ) Shares Down 3.9% - Time to Sell?

Key Points

• Cameco (CCJ) shares fell about 3.9% intraday to $115.37, trading 3.37M shares (≈25% below the average session volume) and sitting near its 50‑day moving average of $115.41.
• Wall Street remains largely bullish with a consensus rating of "Moderate Buy" and a consensus price target of $150.40 after several firms raised targets (RBC to $160, CIBC to $202, GLJ to $171.20).
• The company beat quarterly expectations—$0.36 EPS vs. $0.29 est. and $874.6M revenue vs. $782.1M est.—and has a $50.25B market cap, ~119 P/E and ~70% institutional ownership.

Cameco Corporation (NYSE:CCJ - Get Free Report) TSE: CCO shares traded down 3.9% on Wednesday . The company traded as low as $114.31 and last traded at $115.3730. 3,366,464 shares were traded during mid-day trading, a decline of 25% from the average session volume of 4,460,012 shares. The stock had previously closed at $120.08.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CCJ shares. Royal Bank Of Canada boosted their price target on Cameco from $150.00 to $160.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 17th. Raymond James Financial reiterated an "outperform" rating on shares of Cameco in a research note on Wednesday, January 14th. Weiss Ratings raised Cameco from a "hold (c)" rating to a "buy (b-)" rating in a report on Monday, February 23rd. Canadian Imperial Bank of Commerce increased their target price on Cameco to $202.00 in a research note on Monday. Finally, Glj Research reaffirmed a "buy" rating and issued a $171.20 price target (up from $100.00) on shares of Cameco in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $150.40.

Cameco Stock Performance

The company has a market capitalization of $50.25 billion, a PE ratio of 118.94 and a beta of 0.98. The company has a current ratio of 2.47, a quick ratio of 1.68 and a debt-to-equity ratio of 0.14. The business's fifty day moving average is $115.41 and its two-hundred day moving average is $97.15.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its earnings results on Friday, February 13th. The basic materials company reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.07. Cameco had a return on equity of 9.35% and a net margin of 17.00%.The business had revenue of $874.57 million during the quarter, compared to analyst estimates of $782.13 million. During the same quarter last year, the company earned $0.36 EPS. The company's quarterly revenue was up 1.5% compared to the same quarter last year. Equities research analysts predict that Cameco Corporation will post 1.27 earnings per share for the current year.

Hedge Funds Weigh In On Cameco

A number of hedge funds have recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Cameco during the fourth quarter valued at approximately $443,265,000. TD Asset Management Inc grew its position in Cameco by 116.7% in the 3rd quarter. TD Asset Management Inc now owns 4,622,932 shares of the basic materials company's stock worth $388,068,000 after purchasing an additional 2,489,207 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Cameco by 41.4% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,076,815 shares of the basic materials company's stock valued at $524,988,000 after buying an additional 2,071,373 shares during the last quarter. Marshall Wace LLP raised its stake in Cameco by 7,481.3% during the 4th quarter. Marshall Wace LLP now owns 1,752,571 shares of the basic materials company's stock valued at $160,343,000 after buying an additional 1,729,454 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of Cameco by 43.3% during the 3rd quarter. Van ECK Associates Corp now owns 5,443,807 shares of the basic materials company's stock valued at $456,530,000 after buying an additional 1,644,061 shares during the period. Hedge funds and other institutional investors own 70.21% of the company's stock.

About Cameco

Cameco Corporation NYSE: CCJ is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company's operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.

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