Short Interest in Cameco Co. (NYSE:CCJ) Decreases By 8.2%

Cameco Co. (NYSE:CCJ) (TSE:CCO) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 20,020,000 shares, a decrease of 8.2% from the March 15th total of 21,800,000 shares. Based on an average trading volume of 5,260,000 shares, the days-to-cover ratio is currently 3.8 days. Currently, 4.6% of the company’s shares are sold short.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CCJ shares. StockNews.com lowered shares of Cameco from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. Cantor Fitzgerald downgraded Cameco from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 19th. Finally, The Goldman Sachs Group started coverage on Cameco in a report on Monday, April 1st. They issued a “buy” rating and a $55.00 price objective for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $62.75.

Institutional Trading of Cameco

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC grew its position in Cameco by 21.6% during the third quarter. FMR LLC now owns 27,418,564 shares of the basic materials company’s stock valued at $1,087,629,000 after buying an additional 4,865,085 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in Cameco by 37.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,068,688 shares of the basic materials company’s stock worth $497,555,000 after purchasing an additional 4,644,453 shares in the last quarter. Vanguard Group Inc. grew its holdings in Cameco by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 15,711,083 shares of the basic materials company’s stock valued at $677,148,000 after purchasing an additional 162,569 shares during the period. Capital World Investors raised its stake in shares of Cameco by 402.0% during the 1st quarter. Capital World Investors now owns 10,131,797 shares of the basic materials company’s stock worth $295,084,000 after buying an additional 8,113,385 shares during the period. Finally, Alliancebernstein L.P. raised its position in Cameco by 6.6% during the second quarter. Alliancebernstein L.P. now owns 7,926,606 shares of the basic materials company’s stock worth $248,341,000 after acquiring an additional 493,514 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Down 0.3 %

CCJ stock traded down $0.14 during trading on Tuesday, reaching $48.18. 4,572,199 shares of the company traded hands, compared to its average volume of 5,280,047. The business has a 50 day simple moving average of $43.65 and a 200 day simple moving average of $43.39. Cameco has a 12 month low of $25.11 and a 12 month high of $52.64. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.97 and a current ratio of 1.55. The company has a market capitalization of $20.92 billion, a price-to-earnings ratio of 80.30 and a beta of 0.92.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Thursday, February 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.06). The business had revenue of $620.00 million for the quarter. Cameco had a net margin of 13.97% and a return on equity of 5.61%. On average, equities research analysts anticipate that Cameco will post 1.55 earnings per share for the current fiscal year.

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.