Cameco (NYSE:CCJ) Sees Large Volume Increase

Cameco Co. (NYSE:CCJ) (TSE:CCO) saw unusually-strong trading volume on Tuesday . Approximately 389,224 shares traded hands during mid-day trading, a decline of 94% from the previous session’s volume of 6,050,862 shares.The stock last traded at $25.63 and had previously closed at $24.66.

Several analysts have issued reports on CCJ shares. Raymond James upped their price target on shares of Cameco from C$29.00 to C$34.00 and gave the company an “outperform” rating in a report on Friday, September 17th. Royal Bank of Canada upped their price target on shares of Cameco from C$26.00 to C$29.00 and gave the company a “sector perform” rating in a report on Monday, November 1st. Canaccord Genuity upped their price objective on shares of Cameco from C$27.00 to C$34.00 and gave the company a “buy” rating in a research note on Thursday, September 23rd. Bank of America raised shares of Cameco from a “neutral” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Wednesday, November 3rd. Finally, Zacks Investment Research raised shares of Cameco from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 16th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $31.88.

The company has a quick ratio of 5.00, a current ratio of 6.34 and a debt-to-equity ratio of 0.20. The company has a market cap of $10.04 billion, a PE ratio of -360.52 and a beta of 0.90. The stock’s 50 day simple moving average is $24.50 and its two-hundred day simple moving average is $20.99.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Thursday, October 28th. The basic materials company reported ($0.14) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.10). The company had revenue of $361.00 million for the quarter, compared to analysts’ expectations of $422.49 million. Cameco had a negative return on equity of 1.54% and a negative net margin of 2.42%. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the prior year, the business earned ($0.15) EPS. Analysts forecast that Cameco Co. will post -0.25 EPS for the current year.

The business also recently declared an annual dividend, which will be paid on Wednesday, December 15th. Shareholders of record on Tuesday, November 30th will be paid a dividend of $0.0649 per share. The ex-dividend date of this dividend is Monday, November 29th. This represents a yield of 0.2%. This is an increase from Cameco’s previous annual dividend of $0.06. Cameco’s dividend payout ratio (DPR) is currently -85.70%.

A number of large investors have recently bought and sold shares of CCJ. Capital Analysts LLC acquired a new stake in shares of Cameco in the second quarter worth $29,000. Cypress Capital Management LLC WY increased its position in shares of Cameco by 663.5% in the third quarter. Cypress Capital Management LLC WY now owns 1,527 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 1,327 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Cameco by 543.6% in the second quarter. Fifth Third Bancorp now owns 1,757 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 1,484 shares in the last quarter. Carroll Financial Associates Inc. acquired a new stake in shares of Cameco in the third quarter worth $37,000. Finally, Captrust Financial Advisors increased its position in shares of Cameco by 114.2% in the first quarter. Captrust Financial Advisors now owns 2,622 shares of the basic materials company’s stock worth $44,000 after acquiring an additional 1,398 shares in the last quarter. 60.14% of the stock is currently owned by institutional investors.

Cameco Company Profile (NYSE:CCJ)

Cameco Corp. engages in the provision of uranium. The company operates through the following segments: Uranium and Fuel Services. The Uranium segment involves the exploration for, mining, milling, purchase and sale of uranium concentrate. The Fuel Services segment involves the refining, conversion and fabrication of uranium concentrate and the purchase and sale of conversion services.

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