StockNews.com Upgrades Cameco (NYSE:CCJ) to Hold

Cameco (NYSE:CCJ) (TSE:CCO) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Friday.

Cameco Trading Down 6.4 %

Cameco stock traded down $2.99 during midday trading on Friday, reaching $43.56. The stock had a trading volume of 7,343,768 shares, compared to its average volume of 4,686,063. The stock’s 50-day simple moving average is $51.00 and its 200 day simple moving average is $49.62. Cameco has a twelve month low of $35.43 and a twelve month high of $62.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The stock has a market capitalization of $18.96 billion, a PE ratio of 229.25 and a beta of 0.94.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.26. Cameco had a return on equity of 3.33% and a net margin of 4.15%. The business had revenue of $845.54 million during the quarter, compared to analysts’ expectations of $1.09 billion. Analysts expect that Cameco will post 0.42 EPS for the current year.

Institutional Trading of Cameco

Several large investors have recently added to or reduced their stakes in the stock. Sierra Ocean LLC acquired a new stake in shares of Cameco in the fourth quarter valued at about $25,000. Hurley Capital LLC acquired a new stake in Cameco in the fourth quarter valued at approximately $27,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Cameco during the fourth quarter worth $28,000. Whipplewood Advisors LLC acquired a new position in shares of Cameco during the fourth quarter worth $33,000. Finally, Pingora Partners LLC purchased a new position in shares of Cameco in the third quarter valued at $33,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

About Cameco

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.