Cameco (NYSE:CCJ) Sees Strong Trading Volume

Shares of Cameco Co. (NYSE:CCJ – Get Rating) (TSE:CCO) saw unusually-strong trading volume on Friday . Approximately 327,206 shares were traded during trading, a decline of 92% from the previous session’s volume of 4,225,453 shares.The stock last traded at $26.10 and had previously closed at $25.32.

Wall Street Analysts Forecast Growth

CCJ has been the subject of a number of recent research reports. Canaccord Genuity Group raised their target price on Cameco from C$43.00 to C$44.00 and gave the stock a “buy” rating in a research report on Wednesday, October 26th. TD Securities raised their target price on Cameco from C$40.00 to C$41.00 in a research report on Friday, October 28th. Scotiabank decreased their target price on Cameco from C$44.00 to C$42.00 in a research report on Tuesday, October 18th. Raymond James decreased their target price on Cameco from C$45.00 to C$44.00 in a research report on Wednesday, January 11th. Finally, StockNews.com downgraded Cameco from a “hold” rating to a “sell” rating in a research report on Friday, October 28th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $42.63.

Cameco Stock Performance

The stock has a market capitalization of $11.38 billion, a PE ratio of 119.55, a P/E/G ratio of 0.48 and a beta of 0.88. The company has a debt-to-equity ratio of 0.20, a current ratio of 5.11 and a quick ratio of 4.03. The business’s fifty day moving average price is $23.40 and its 200-day moving average price is $24.62.

Cameco (NYSE:CCJ – Get Rating) (TSE:CCO) last announced its earnings results on Thursday, October 27th. The basic materials company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.06. The business had revenue of $297.96 million for the quarter. Cameco had a net margin of 6.43% and a return on equity of 2.50%. As a group, equities research analysts expect that Cameco Co. will post 0.31 EPS for the current year.

Institutional Investors Weigh In On Cameco

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. FNY Investment Advisers LLC purchased a new position in shares of Cameco during the third quarter worth approximately $31,000. Financial Sense Advisors Inc. bought a new position in shares of Cameco in the second quarter worth approximately $4,166,000. Ronit Capital LLP grew its holdings in shares of Cameco by 29.2% in the second quarter. Ronit Capital LLP now owns 31,000 shares of the basic materials company’s stock worth $652,000 after purchasing an additional 7,000 shares during the last quarter. Clear Sky Advisers LLC grew its holdings in shares of Cameco by 763.2% in the second quarter. Clear Sky Advisers LLC now owns 101,000 shares of the basic materials company’s stock worth $2,123,000 after purchasing an additional 89,300 shares during the last quarter. Finally, Aquila Investment Management LLC bought a new position in shares of Cameco in the second quarter worth approximately $294,000. 53.82% of the stock is owned by hedge funds and other institutional investors.

About Cameco

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