Cameco (NYSE:CCJ) Trading Up 5.6% – Time to Buy?

Cameco Co. (NYSE:CCJ) (TSE:CCO)’s share price was up 5.6% during trading on Monday . The company traded as high as $56.16 and last traded at $56.10. Approximately 1,635,815 shares changed hands during mid-day trading, a decline of 41% from the average daily volume of 2,754,572 shares. The stock had previously closed at $53.12.

Analyst Ratings Changes

Separately, Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $66.56.

Cameco Stock Up 3.7 %

The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $54.96 and a two-hundred day simple moving average of $49.23. The company has a market capitalization of $23.99 billion, a price-to-earnings ratio of 290.07 and a beta of 0.91.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). The company had revenue of $721.00 million for the quarter, compared to analyst estimates of $646.83 million. Cameco had a net margin of 4.15% and a return on equity of 3.33%. The firm’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.24 earnings per share. Equities analysts expect that Cameco Co. will post 0.51 EPS for the current year.

Cameco Increases Dividend

The company also recently announced an annual dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were paid a $0.118 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a dividend yield of 0.22%. This is a boost from Cameco’s previous annual dividend of $0.09. Cameco’s payout ratio is 57.89%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. raised its position in Cameco by 71.5% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 238 shares during the last quarter. Pingora Partners LLC bought a new stake in shares of Cameco during the 3rd quarter valued at $33,000. First Horizon Advisors Inc. raised its position in shares of Cameco by 84.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 351 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Cameco during the 3rd quarter worth $38,000. Finally, JFS Wealth Advisors LLC raised its stake in Cameco by 130.6% during the 3rd quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company’s stock worth $46,000 after buying an additional 550 shares during the period. 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.