Cameco (NYSE:CCJ) Trading Down 2.6%

Cameco Co. (NYSE:CCJ - Get Free Report) TSE: CCO shares dropped 2.6% during mid-day trading on Tuesday . The company traded as low as $47.35 and last traded at $47.48. Approximately 567,324 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 5,204,439 shares. The stock had previously closed at $48.75.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. StockNews.com downgraded shares of Cameco from a "hold" rating to a "sell" rating in a research note on Thursday, April 4th. The Goldman Sachs Group started coverage on shares of Cameco in a research report on Monday, April 1st. They set a "buy" rating and a $55.00 price target on the stock. Finally, Cantor Fitzgerald lowered Cameco from a "buy" rating to a "neutral" rating in a research report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $62.75.

Cameco Trading Down 1.7 %

The business's 50-day simple moving average is $43.60 and its two-hundred day simple moving average is $43.03. The company has a quick ratio of 0.97, a current ratio of 1.55 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $20.80 billion, a price-to-earnings ratio of 79.83 and a beta of 0.92.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its earnings results on Thursday, February 8th. The basic materials company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.06). Cameco had a net margin of 13.97% and a return on equity of 5.61%. The company had revenue of $620.00 million during the quarter. Equities analysts forecast that Cameco Co. will post 2.11 earnings per share for the current year.

Hedge Funds Weigh In On Cameco

Several institutional investors have recently bought and sold shares of CCJ. CGC Financial Services LLC purchased a new stake in shares of Cameco during the second quarter worth $27,000. Principal Securities Inc. acquired a new position in shares of Cameco in the 4th quarter valued at $29,000. Allworth Financial LP grew its position in shares of Cameco by 1,049.2% in the 3rd quarter. Allworth Financial LP now owns 747 shares of the basic materials company's stock valued at $30,000 after buying an additional 682 shares during the last quarter. Janiczek Wealth Management LLC grew its position in shares of Cameco by 210.4% in the 3rd quarter. Janiczek Wealth Management LLC now owns 773 shares of the basic materials company's stock valued at $31,000 after buying an additional 524 shares during the last quarter. Finally, Tyler Stone Wealth Management acquired a new stake in Cameco during the 2nd quarter worth $32,000. 70.21% of the stock is owned by institutional investors and hedge funds.

About Cameco

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.