Cameco Co. (NYSE:CCJ - Get Free Report) TSE: CCO dropped 9.9% during trading on Monday . The company traded as low as $48.60 and last traded at $50.43. Approximately 6,016,573 shares changed hands during trading, an increase of 40% from the average daily volume of 4,307,677 shares. The stock had previously closed at $56.00.
Separately, Janney Montgomery Scott raised shares of Cameco to a "strong-buy" rating in a research report on Friday, October 4th. One investment 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 company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $66.56.
Get Our Latest Analysis on Cameco
The firm has a 50-day moving average of $54.70 and a two-hundred day moving average of $49.39. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $21.17 billion, a price-to-earnings ratio of 256.27 and a beta of 0.95.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.40). Cameco had a return on equity of 3.33% and a net margin of 4.15%. The firm had revenue of $721.00 million for the quarter, compared to the consensus estimate of $646.83 million. During the same period in the prior year, the company posted $0.24 earnings per share. Cameco's quarterly revenue was up 25.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cameco Co. will post 0.47 earnings per share for the current year.
The business also recently disclosed an annual dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were issued a $0.118 dividend. This represents a dividend yield of 0.22%. The ex-dividend date was Wednesday, November 27th. This is an increase from Cameco's previous annual dividend of $0.09. Cameco's dividend payout ratio is presently 63.16%.
A number of hedge funds have recently added to or reduced their stakes in the stock. Glenmede Trust Co. NA boosted its holdings in Cameco by 2.1% in the third quarter. Glenmede Trust Co. NA now owns 9,149 shares of the basic materials company's stock worth $437,000 after acquiring an additional 191 shares in the last quarter. S.A. Mason LLC lifted its holdings in Cameco by 6.0% during the third quarter. S.A. Mason LLC now owns 3,655 shares of the basic materials company's stock valued at $175,000 after purchasing an additional 206 shares in the last quarter. Silvia Mccoll Wealth Management LLC grew its position in shares of Cameco by 3.9% during the third quarter. Silvia Mccoll Wealth Management LLC now owns 5,610 shares of the basic materials company's stock worth $268,000 after purchasing an additional 210 shares in the last quarter. EdgeRock Capital LLC boosted its holdings in shares of Cameco by 1.7% during the 3rd quarter. EdgeRock Capital LLC now owns 13,689 shares of the basic materials company's stock valued at $654,000 after purchasing an additional 224 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in Cameco by 71.5% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company's stock valued at $27,000 after purchasing an additional 238 shares in the last quarter. Institutional investors own 70.21% of the company's stock.
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.
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