Cameco (NYSE:CCJ) Trading Down 2.3% – Here’s What Happened

Cameco Co. (NYSE:CCJ) (TSE:CCO)’s stock price dropped 2.3% on Monday . The company traded as low as $46.88 and last traded at $48.32. Approximately 1,957,624 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 4,805,938 shares. The stock had previously closed at $49.44.

Cameco Stock Up 0.0 %

The firm’s 50 day moving average is $53.40 and its 200-day moving average is $49.34. The firm has a market cap of $21.91 billion, a PE ratio of 264.93 and a beta of 0.94. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.40). Cameco had a return on equity of 3.33% and a net margin of 4.15%. The business had revenue of $721.00 million for the quarter, compared to analyst estimates of $646.83 million. During the same quarter last year, the business earned $0.24 EPS. Cameco’s revenue for the quarter was up 25.4% compared to the same quarter last year. As a group, equities research analysts expect that Cameco Co. will post 0.47 earnings per share for the current fiscal year.

Cameco Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were issued a dividend of $0.118 per share. This is a positive change from Cameco’s previous annual dividend of $0.09. This represents a dividend yield of 0.22%. The ex-dividend date was Wednesday, November 27th. Cameco’s dividend payout ratio is presently 63.16%.

Institutional Trading of Cameco

Institutional investors have recently made changes to their positions in the stock. Sierra Ocean LLC purchased a new position in Cameco in the fourth quarter valued at approximately $25,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in Cameco by 71.5% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 238 shares in the last quarter. Pingora Partners LLC purchased a new position in Cameco in the 3rd quarter worth approximately $33,000. Whipplewood Advisors LLC purchased a new stake in shares of Cameco during the fourth quarter valued at approximately $33,000. Finally, Compass Planning Associates Inc acquired a new position in shares of Cameco during the fourth quarter worth $36,000. 70.21% of the stock is owned by hedge funds and other institutional investors.

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.