Cameco (NYSE:CCJ) Stock Price Up 0.9% – What’s Next?

Cameco Co. (NYSE:CCJ) (TSE:CCO)’s share price was up 0.9% during mid-day trading on Tuesday . The stock traded as high as $51.83 and last traded at $51.60. Approximately 600,812 shares traded hands during trading, a decline of 86% from the average daily volume of 4,389,895 shares. The stock had previously closed at $51.15.

Analyst Upgrades and Downgrades

CCJ has been the topic of several analyst reports. National Bank Financial upgraded Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Cantor Fitzgerald raised shares of Cameco from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 31st. Scotiabank reduced their price target on Cameco from $81.00 to $80.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a report on Friday, October 4th. Finally, Glj Research reiterated a “buy” rating and set a $63.73 target price on shares of Cameco in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, five have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $66.56.

Cameco Trading Up 4.6 %

The business’s 50 day moving average is $47.77 and its two-hundred day moving average is $48.11. The company has a quick ratio of 1.48, a current ratio of 3.22 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $23.32 billion, a P/E ratio of 123.74 and a beta of 0.89.

Institutional Trading of Cameco

A number of large investors have recently added to or reduced their stakes in the business. LRI Investments LLC acquired a new stake in Cameco during the 1st quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Cameco by 71.5% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 238 shares in the last quarter. JFS Wealth Advisors LLC boosted its stake in Cameco by 130.6% in the 3rd quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 550 shares during the period. Larson Financial Group LLC grew its position in Cameco by 99.3% during the 1st quarter. Larson Financial Group LLC now owns 1,204 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 600 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in Cameco by 68.8% during the 3rd quarter. Blue Trust Inc. now owns 1,575 shares of the basic materials company’s stock valued at $77,000 after purchasing an additional 642 shares during the period. 70.21% of the stock is currently 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.