Cameco (NYSE:CCJ) Sees Strong Trading Volume

Cameco Co. (NYSE:CCJ) (TSE:CCO) shares saw an uptick in trading volume on Monday . 425,914 shares were traded during trading, a decline of 92% from the previous session’s volume of 5,412,228 shares.The stock last traded at $26.15 and had previously closed at $24.43.

Several brokerages have issued reports on CCJ. Raymond James boosted their target price on shares of Cameco from C$25.00 to C$29.00 and gave the company an “outperform” rating in a research note on Tuesday, September 7th. Royal Bank of Canada raised shares of Cameco from an “underperform” rating to a “sector perform” rating in a research note on Thursday, September 2nd. Scotiabank boosted their target price on shares of Cameco from C$25.00 to C$27.00 in a research note on Monday, July 12th. Finally, Zacks Investment Research cut shares of Cameco from a “hold” rating to a “sell” rating in a report on Tuesday, July 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $23.67.

The firm’s fifty day moving average price is $18.30 and its 200 day moving average price is $18.35. The company has a current ratio of 7.94, a quick ratio of 5.98 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $9.67 billion, a PE ratio of -608.00 and a beta of 1.03.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Tuesday, July 27th. The basic materials company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.12). The company had revenue of $292.25 million for the quarter. Cameco had a negative net margin of 1.50% and a negative return on equity of 1.97%. As a group, research analysts expect that Cameco Co. will post -0.14 EPS for the current year.

Large investors have recently modified their holdings of the stock. Mufg Securities Canada LTD. boosted its holdings in Cameco by 0.3% during the first quarter. Mufg Securities Canada LTD. now owns 211,235 shares of the basic materials company’s stock valued at $3,500,000 after acquiring an additional 545 shares during the period. The PNC Financial Services Group Inc. boosted its holdings in Cameco by 0.4% during the first quarter. The PNC Financial Services Group Inc. now owns 155,523 shares of the basic materials company’s stock valued at $2,583,000 after acquiring an additional 553 shares during the period. K.J. Harrison & Partners Inc boosted its holdings in Cameco by 0.6% during the second quarter. K.J. Harrison & Partners Inc now owns 95,712 shares of the basic materials company’s stock valued at $1,836,000 after acquiring an additional 606 shares during the period. HBK Sorce Advisory LLC boosted its holdings in Cameco by 5.5% during the first quarter. HBK Sorce Advisory LLC now owns 15,399 shares of the basic materials company’s stock valued at $256,000 after acquiring an additional 808 shares during the period. Finally, Moors & Cabot Inc. boosted its holdings in Cameco by 5.3% during the first quarter. Moors & Cabot Inc. now owns 19,886 shares of the basic materials company’s stock valued at $329,000 after acquiring an additional 1,000 shares during the period. Hedge funds and other institutional investors own 60.11% of the company’s stock.

Cameco Company Profile (NYSE:CCJ)

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

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