Cameco (NYSE:CCJ) Trading Up 1.2% – Here’s What Happened

Cameco Co. (NYSE:CCJ) (TSE:CCO)’s stock price rose 1.2% during trading on Friday . The company traded as high as $50.72 and last traded at $49.26. Approximately 1,426,871 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 4,633,882 shares. The stock had previously closed at $48.70.

Cameco Price Performance

The firm has a market capitalization of $21.75 billion, a P/E ratio of 263.02 and a beta of 0.94. The business has a 50-day moving average of $53.07 and a 200 day moving average of $49.35. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share 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 firm had revenue of $721.00 million during the quarter, compared to analysts’ expectations of $646.83 million. During the same period last year, the business posted $0.24 EPS. The company’s revenue was up 25.4% compared to the same quarter last year. On average, sell-side analysts predict that Cameco Co. will post 0.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CCJ. Dantai Capital Ltd increased its stake in shares of Cameco by 44.2% during the third quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company’s stock valued at $2,735,000 after purchasing an additional 17,560 shares in the last quarter. Roberts Wealth Advisors LLC purchased a new position in shares of Cameco in the 4th quarter worth $895,000. Whalen Wealth Management Inc. bought a new position in shares of Cameco in the 4th quarter worth approximately $445,000. iA Global Asset Management Inc. bought a new position in Cameco in the third quarter worth approximately $5,305,000. Finally, Telemark Asset Management LLC increased its stake in shares of Cameco by 8.3% in the third quarter. Telemark Asset Management LLC now owns 1,300,000 shares of the basic materials company’s stock worth $62,088,000 after purchasing an additional 100,000 shares in the last quarter. 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.