Cameco (NYSE:CCJ) Stock Price Down 1.8% – Here’s What Happened

Cameco Co. (NYSE:CCJ) (TSE:CCO) was down 1.8% during mid-day trading on Thursday . The stock traded as low as $49.06 and last traded at $49.44. Approximately 758,464 shares changed hands during trading, a decline of 84% from the average daily volume of 4,667,173 shares. The stock had previously closed at $50.35.

Cameco Trading Up 2.6 %

The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average price of $52.88 and a 200-day moving average price of $49.36. The firm has a market capitalization of $21.75 billion, a PE ratio of 263.02 and a beta of 0.94.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Thursday, November 7th. The basic materials company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). Cameco had a net margin of 4.15% and a return on equity of 3.33%. The business had revenue of $721.00 million during the quarter, compared to analyst estimates of $646.83 million. During the same period last year, the business posted $0.24 EPS. Cameco’s revenue was up 25.4% compared to the same quarter last year. Analysts expect that Cameco Co. will post 0.44 earnings per share for the current year.

Institutional Trading of Cameco

Institutional investors have recently added to or reduced their stakes in the stock. CIBC Asset Management Inc lifted its position in shares of Cameco by 58.0% during the 3rd quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock valued at $181,382,000 after acquiring an additional 1,386,639 shares during the period. M&G PLC acquired a new position in Cameco during the third quarter worth $66,227,000. AGF Management Ltd. boosted its position in Cameco by 54.2% during the fourth quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company’s stock worth $174,433,000 after purchasing an additional 1,193,266 shares in the last quarter. Segra Capital Management LLC acquired a new stake in Cameco in the third quarter valued at $53,013,000. Finally, Fred Alger Management LLC increased its position in shares of Cameco by 99.7% in the third quarter. Fred Alger Management LLC now owns 1,680,259 shares of the basic materials company’s stock valued at $80,249,000 after buying an additional 839,077 shares in the last quarter. Hedge funds and other 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.