Cameco (NYSE:CCJ) Sets New 52-Week High at $36.69

Cameco Co. (NYSE:CCJ) (TSE:CCO) reached a new 52-week high during trading on Monday . The stock traded as high as $36.69 and last traded at $36.69, with a volume of 5984 shares traded. The stock had previously closed at $36.38.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. StockNews.com assumed coverage on Cameco in a research note on Thursday, August 17th. They issued a “sell” rating on the stock. TD Securities raised their price objective on Cameco from C$51.00 to C$55.00 and gave the stock an “action list buy” rating in a research note on Thursday, August 3rd. Scotiabank decreased their price objective on Cameco from C$50.00 to C$49.00 in a research note on Wednesday, June 28th. Finally, Raymond James raised their price objective on Cameco from C$50.00 to C$52.00 and gave the stock an “outperform” rating in a research note on Thursday, August 3rd.

Cameco Price Performance

The firm has a 50 day moving average of $32.96 and a 200-day moving average of $29.31. The company has a market cap of $15.82 billion, a P/E ratio of 243.40, a P/E/G ratio of 0.80 and a beta of 0.99. The company has a current ratio of 3.64, a quick ratio of 3.00 and a debt-to-equity ratio of 0.08.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Wednesday, August 2nd. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.17). Cameco had a net margin of 4.67% and a return on equity of 2.74%. The business had revenue of $482.00 million for the quarter, compared to the consensus estimate of $636.37 million. During the same period last year, the business posted $0.14 EPS. The firm’s revenue for the quarter was down 13.6% compared to the same quarter last year. On average, equities research analysts predict that Cameco Co. will post 0.79 EPS for the current year.

Institutional Trading of Cameco

Large investors have recently added to or reduced their stakes in the company. Clearview Wealth Advisors LLC bought a new stake in Cameco in the 1st quarter worth approximately $25,000. Crewe Advisors LLC increased its stake in Cameco by 1,175.8% in the 4th quarter. Crewe Advisors LLC now owns 1,263 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 1,164 shares during the last quarter. Global Retirement Partners LLC increased its stake in Cameco by 291.3% in the 1st quarter. Global Retirement Partners LLC now owns 1,209 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 900 shares during the last quarter. Tyler Stone Wealth Management bought a new stake in Cameco in the 2nd quarter worth approximately $32,000. Finally, Ahrens Investment Partners LLC bought a new stake in Cameco in the 1st quarter worth approximately $37,000. Institutional investors own 66.57% of the company’s stock.

About Cameco

Cameco Corporation provides uranium for the generation of electricity. It operates through two segments, Uranium and Fuel Services. 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.