Cameco (NYSE:CCJ) Trading Down 3.8% - Here's What Happened

Cameco Co. (NYSE:CCJ - Get Free Report) TSE: CCO's stock price fell 3.8% during trading on Monday . The company traded as low as $46.73 and last traded at $47.22. 5,178,500 shares changed hands during mid-day trading, an increase of 10% from the average session volume of 4,709,515 shares. The stock had previously closed at $49.08.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Cameco from a "sell" rating to a "hold" rating in a research report on Friday. One equities research 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. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $66.56.

Cameco Stock Performance

The business's 50-day moving average price is $50.79 and its 200-day moving average price is $49.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The stock has a market cap of $18.96 billion, a P/E ratio of 155.55 and a beta of 0.94.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. The company had revenue of $845.54 million during the quarter, compared to the consensus estimate of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. As a group, sell-side analysts expect that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CCJ. Sierra Ocean LLC bought a new position in Cameco in the 4th quarter worth $25,000. Hurley Capital LLC bought a new position in Cameco in the 4th quarter worth $27,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Cameco in the 4th quarter worth $28,000. Pingora Partners LLC purchased a new stake in Cameco in the 3rd quarter worth $33,000. Finally, Whipplewood Advisors LLC purchased a new stake in Cameco in the 4th quarter worth $33,000. Institutional investors own 70.21% of the company's stock.

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.