Cameco (NYSE:CCJ) Trading Down 4.9% – Time to Sell?

Shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) traded down 4.9% during trading on Thursday . The company traded as low as $81.71 and last traded at $82.0490. 6,143,212 shares traded hands during mid-day trading, an increase of 25% from the average session volume of 4,895,126 shares. The stock had previously closed at $86.24.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CCJ shares. Wall Street Zen cut Cameco from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. CLSA assumed coverage on Cameco in a research report on Tuesday, September 9th. They issued an “outperform” rating and a $102.00 target price on the stock. UBS Group started coverage on shares of Cameco in a report on Monday, November 10th. They set a “neutral” rating and a $140.00 price target for the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cameco in a report on Wednesday. Finally, Royal Bank Of Canada reduced their target price on shares of Cameco from $160.00 to $150.00 and set an “outperform” rating for the company in a research note on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Cameco currently has an average rating of “Moderate Buy” and a consensus price target of $113.75.

Cameco Price Performance

The company has a debt-to-equity ratio of 0.15, a current ratio of 2.96 and a quick ratio of 2.00. The stock’s 50 day moving average price is $88.45 and its two-hundred day moving average price is $75.82. The firm has a market capitalization of $35.72 billion, a price-to-earnings ratio of 94.31 and a beta of 0.98.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Wednesday, November 5th. The basic materials company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.17). The firm had revenue of $313.74 million during the quarter, compared to the consensus estimate of $531.72 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%.The business’s revenue was down 14.7% compared to the same quarter last year. During the same quarter last year, the business earned ($0.01) EPS. Cameco has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Cameco Corporation will post 1.27 EPS for the current year.

Cameco Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Tuesday, December 16th. Investors of record on Monday, December 1st will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a dividend yield of 25.0%. This is a boost from Cameco’s previous annual dividend of $0.12. Cameco’s payout ratio is presently 19.77%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Financial Consulate Inc. acquired a new stake in shares of Cameco in the third quarter worth $25,000. Armstrong Advisory Group Inc. raised its stake in Cameco by 110.3% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 347 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 182 shares during the last quarter. Sunbelt Securities Inc. grew its position in Cameco by 928.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 325 shares during the last quarter. Trust Co. of Vermont grew its position in Cameco by 1,029.4% in the 2nd 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. Finally, Hilltop National Bank bought a new position in shares of Cameco during the 2nd quarter worth about $30,000. 70.21% of the stock is owned by 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.