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

Key Points

• Shares fell 3.9% to about $109.77 on Friday with ~3.88M shares traded, down ~13% from the stock's average daily volume and sitting below its 50‑day SMA of $114.03 (200‑day SMA $95.95).
• Analyst sentiment is broadly positive: the consensus rating is a “Moderate Buy” with a consensus price target of $143.03, and RBC recently raised its target to $160 with an outperform call.
• Cameco beat quarterly estimates (EPS $0.36 vs. $0.29 est., revenue $874.6M vs. $782.1M) but trades at a rich valuation (market cap ≈ $47.8B, P/E 113.16), while institutional investors own ~70% of the stock.

Cameco Corporation (NYSE:CCJ - Get Free Report) TSE: CCO shares were down 3.9% during trading on Friday . The company traded as low as $108.66 and last traded at $109.77. Approximately 3,883,296 shares were traded during mid-day trading, a decline of 13% from the average daily volume of 4,485,515 shares. The stock had previously closed at $114.24.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CCJ shares. Royal Bank Of Canada upped their target price on Cameco from $150.00 to $160.00 and gave the company an "outperform" rating in a research report on Tuesday, February 17th. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $147.00 price target on shares of Cameco in a report on Thursday, February 5th. UBS Group assumed coverage on shares of Cameco in a research note on Monday, November 10th. They set a "neutral" rating and a $140.00 price objective on the stock. National Bank Financial reissued an "outperform" rating on shares of Cameco in a report on Thursday, November 6th. Finally, Zacks Research lowered shares of Cameco from a "strong-buy" rating to a "hold" rating in a research note 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 given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $143.03.

Cameco Trading Down 3.9%

The company has a debt-to-equity ratio of 0.14, a current ratio of 2.47 and a quick ratio of 1.68. The business's fifty day simple moving average is $114.03 and its 200 day simple moving average is $95.95. The stock has a market cap of $47.81 billion, a price-to-earnings ratio of 113.16 and a beta of 0.98.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Clearstead Advisors LLC lifted its stake in Cameco by 0.8% in the fourth quarter. Clearstead Advisors LLC now owns 10,158 shares of the basic materials company's stock valued at $929,000 after buying an additional 85 shares during the last quarter. Legacy Bridge LLC boosted its stake in Cameco by 0.9% during the fourth quarter. Legacy Bridge LLC now owns 11,508 shares of the basic materials company's stock valued at $1,053,000 after buying an additional 100 shares in the last quarter. Groupama Asset Managment grew its holdings in Cameco by 5.9% during the fourth quarter. Groupama Asset Managment now owns 1,928 shares of the basic materials company's stock worth $176,000 after acquiring an additional 108 shares during the period. S.A. Mason LLC raised its position in Cameco by 4.8% in the fourth quarter. S.A. Mason LLC now owns 2,436 shares of the basic materials company's stock worth $223,000 after acquiring an additional 111 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Cameco by 19.9% in the 4th quarter. GAMMA Investing LLC now owns 676 shares of the basic materials company's stock valued at $62,000 after acquiring an additional 112 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company's stock.

Cameco Company Profile

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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