Cameco (NYSE:CCJ) Trading Up 4.3% – Should You Buy?

Cameco Co. (NYSE:CCJ) (TSE:CCO) rose 4.3% on Monday . The stock traded as high as $52.59 and last traded at $51.62. Approximately 6,233,489 shares were traded during trading, an increase of 133% from the average daily volume of 2,670,748 shares. The stock had previously closed at $49.51.

Analysts Set New Price Targets

Separately, Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a research report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Cameco presently has a consensus rating of “Buy” and a consensus target price of $66.56.

Cameco Price Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The firm has a market cap of $22.47 billion, a PE ratio of 271.69 and a beta of 0.95. The company has a 50 day moving average price of $54.53 and a 200 day moving average price of $49.23.

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 analysts’ consensus estimates of $0.39 by ($0.40). The business had revenue of $721.00 million during the quarter, compared to analysts’ expectations of $646.83 million. Cameco had a net margin of 4.15% and a return on equity of 3.33%. Cameco’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.24 EPS. Sell-side analysts expect that Cameco Co. will post 0.47 EPS for the current fiscal year.

Cameco Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were paid a $0.118 dividend. This is a boost from Cameco’s previous annual dividend of $0.09. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a dividend yield of 0.22%. Cameco’s dividend payout ratio (DPR) is 63.16%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Whalen Wealth Management Inc. acquired a new position in Cameco during the fourth quarter worth $445,000. MinichMacGregor Wealth Management LLC increased its position in Cameco by 19.2% during the fourth quarter. MinichMacGregor Wealth Management LLC now owns 6,068 shares of the basic materials company’s stock worth $312,000 after buying an additional 976 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Cameco by 98.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 91,767 shares of the basic materials company’s stock worth $4,716,000 after acquiring an additional 45,549 shares during the last quarter. Dakota Wealth Management lifted its position in shares of Cameco by 1.3% in the fourth quarter. Dakota Wealth Management now owns 33,725 shares of the basic materials company’s stock valued at $1,733,000 after acquiring an additional 437 shares in the last quarter. Finally, Simon Quick Advisors LLC acquired a new stake in shares of Cameco during the fourth quarter valued at $212,000. 70.21% of the stock is owned by hedge funds and other institutional investors.

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.