Cameco (NYSE:CCJ) Trading Up 5.7% – What’s Next?

Cameco Co. (NYSE:CCJ) (TSE:CCO)’s stock price was up 5.7% during mid-day trading on Tuesday . The stock traded as high as $50.05 and last traded at $50.16. Approximately 1,012,375 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 4,783,444 shares. The stock had previously closed at $47.45.

Cameco Trading Up 6.8 %

The firm has a fifty day simple moving average of $53.78 and a 200-day simple moving average of $49.31. The firm has a market cap of $22.06 billion, a P/E ratio of 266.72 and a beta of 0.94. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). The company had revenue of $721.00 million during the quarter, compared to the consensus estimate of $646.83 million. Cameco had a net margin of 4.15% and a return on equity of 3.33%. The firm’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.24 EPS. On average, equities research analysts expect that Cameco Co. will post 0.47 earnings per share for the current year.

Cameco Increases Dividend

The company also recently announced an annual dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were given a $0.118 dividend. This is an increase from Cameco’s previous annual dividend of $0.09. This represents a yield of 0.22%. The ex-dividend date of this dividend was Wednesday, November 27th. Cameco’s dividend payout ratio (DPR) is currently 63.16%.

Hedge Funds Weigh In On Cameco

Several hedge funds have recently made changes to their positions in CCJ. Sierra Ocean LLC purchased a new position in shares of Cameco in the fourth quarter valued at $25,000. Thurston Springer Miller Herd & Titak Inc. boosted 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 buying an additional 238 shares during the period. Pingora Partners LLC bought a new stake in Cameco during the third quarter valued at $33,000. Compass Planning Associates Inc bought a new stake in Cameco during the fourth quarter valued at $36,000. Finally, First Horizon Advisors Inc. boosted its stake in Cameco by 84.2% during the third quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock valued at $37,000 after buying an additional 351 shares during the period. 70.21% of the stock is currently owned by hedge funds and other 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.