Cameco (NYSE:CCJ) Shares Up 1.4% – Still a Buy?

Cameco Co. (NYSE:CCJ) (TSE:CCO) rose 1.4% during mid-day trading on Thursday . The stock traded as high as $48.81 and last traded at $47.21. Approximately 2,176,123 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 4,510,784 shares. The stock had previously closed at $46.55.

Cameco Stock Performance

The firm’s 50-day moving average price is $51.19 and its 200 day moving average price is $49.64. The company has a market cap of $20.47 billion, a price-to-earnings ratio of 247.46 and a beta of 0.94. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. Cameco had a return on equity of 3.33% and a net margin of 4.15%. On average, sell-side analysts anticipate that Cameco Co. will post 0.42 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Sierra Ocean LLC acquired a new stake in Cameco during the 4th quarter worth $25,000. Hurley Capital LLC bought a new stake in Cameco during the 4th quarter worth approximately $27,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Cameco during the 4th quarter worth approximately $28,000. Pingora Partners LLC acquired a new position in shares of Cameco in the third quarter valued at approximately $33,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of Cameco during the fourth quarter worth $33,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

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.