Cameco (NYSE:CCJ) Stock Price Down 5% – Time to Sell?

Cameco Corporation (NYSE:CCJ) (TSE:CCO) shares fell 5% on Thursday . The stock traded as low as $111.05 and last traded at $114.20. 3,826,391 shares traded hands during trading, a decline of 15% from the average session volume of 4,497,947 shares. The stock had previously closed at $120.24.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CCJ. UBS Group initiated coverage on shares of Cameco in a report on Monday, November 10th. They set a “neutral” rating and a $140.00 price objective for the company. Raymond James Financial restated an “outperform” rating on shares of Cameco in a report on Wednesday, January 14th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $131.00 price target on shares of Cameco in a research report on Wednesday, February 4th. Zacks Research downgraded Cameco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $147.00 price objective on shares of Cameco in a report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Cameco has a consensus rating of “Moderate Buy” and a consensus price target of $143.03.

Cameco Stock Performance

The company’s 50-day simple moving average is $114.36 and its 200 day simple moving average is $96.18. The stock has a market cap of $47.81 billion, a P/E ratio of 113.16 and a beta of 0.98. The company has a current ratio of 2.47, a quick ratio of 1.68 and a debt-to-equity ratio of 0.14.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Friday, February 13th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.07. The company had revenue of $874.57 million during the quarter, compared to analyst estimates of $782.13 million. Cameco had a return on equity of 9.35% and a net margin of 17.00%.Cameco’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.36 earnings per share. As a group, sell-side analysts expect that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC bought a new stake in shares of Cameco during the 4th quarter worth $25,000. Financial Consulate Inc. bought a new position in Cameco during the third quarter valued at about $25,000. Founders Capital Management purchased a new stake in Cameco during the fourth quarter worth about $27,000. Mcguire Capital Advisors Inc. purchased a new stake in Cameco during the fourth quarter worth about $28,000. Finally, Caitong International Asset Management Co. Ltd raised its position in Cameco by 30,700.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 307 shares during the period. Institutional investors own 70.21% of the company’s stock.

Cameco Company Profile

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.