Cameco (NYSE:CCJ) Shares Down 5.2% – Should You Sell?

Cameco Corporation (NYSE:CCJ) (TSE:CCO) traded down 5.2% during mid-day trading on Thursday . The company traded as low as $89.42 and last traded at $90.25. 6,994,874 shares traded hands during mid-day trading, an increase of 43% from the average session volume of 4,896,489 shares. The stock had previously closed at $95.24.

Analyst Ratings Changes

A number of equities analysts have commented on CCJ shares. TD Securities reissued a “buy” rating on shares of Cameco in a research note on Tuesday, August 5th. Wall Street Zen raised shares of Cameco from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. President Capital raised shares of Cameco from a “neutral” rating to a “buy” rating in a research note on Monday, September 22nd. BMO Capital Markets reissued an “outperform” rating on shares of Cameco in a research note on Friday, August 29th. Finally, Raymond James Financial lifted their price target on shares of Cameco to $150.00 in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Cameco has an average rating of “Buy” and an average price target of $102.61.

Cameco Stock Performance

The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.00 and a current ratio of 2.96. The firm has a market cap of $39.30 billion, a P/E ratio of 103.74 and a beta of 0.98. The firm’s fifty day moving average price is $86.21 and its 200 day moving average price is $72.70.

Cameco Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Tuesday, December 16th. Investors of record on Monday, December 1st will be paid a dividend of $0.24 per share. This is a boost from Cameco’s previous annual dividend of $0.12. The ex-dividend date is Monday, December 1st. This represents a dividend yield of 25.0%. Cameco’s dividend payout ratio (DPR) is presently 13.79%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Manchester Capital Management LLC raised its stake in shares of Cameco by 100.0% during the 1st quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 300 shares in the last quarter. Financial Consulate Inc. acquired a new position in Cameco during the third quarter worth $25,000. Dagco Inc. acquired a new stake in shares of Cameco in the first quarter valued at about $28,000. SVB Wealth LLC acquired a new stake in shares of Cameco in the first quarter valued at about $29,000. Finally, Trust Co. of Vermont increased its position in Cameco by 1,029.4% during the second quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 350 shares during 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.