Stocks

Cameco (NYSE:CCJ) Stock Price Up 0.1% - Should You Buy?

Published February 11, 2025

Cameco Corporation (NYSE:CCJ), a known player in the uranium market, saw its stock price rise by 0.1% on Tuesday. During the trading session, shares reached a high of $50.55 before closing at $50.43. This trading day recorded about 622,220 shares exchanged, which is a significant drop of 86% from the average daily volume of approximately 4,495,219 shares. Its previous close was at $50.36.

Cameco Trading Down 0.7%

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The company has a market capitalization of $21.76 billion, with a price-to-earnings (P/E) ratio of 262.42 and a beta of 0.94, indicating its stock price is somewhat less volatile than the overall market. Additionally, Cameco exhibits a quick ratio of 1.26, a current ratio of 2.88, and a low debt-to-equity ratio of 0.20, showing solid financial health.

Institutional Investors Weigh In On Cameco

Recently, multiple hedge funds have adjusted their positions in Cameco. For instance, Glenmede Trust Co. NA increased its holdings by 2.1% in the third quarter, now owning 9,149 shares valued at $437,000 after adding 191 shares. S.A. Mason LLC boosted its stake by 6.0%, owning 3,655 shares worth $175,000 after acquiring 206 additional shares. EdgeRock Capital LLC increased its holdings by 1.7%, totaling 13,689 shares valued at $654,000. Larson Financial Group LLC made a significant increase of 37.4% in the fourth quarter, with 830 shares valued at $43,000 after adding 226 shares. Lastly, Thurston Springer Miller Herd & Titak Inc. raised its position by 71.5%, acquiring 571 shares worth $27,000 after buying 238 more shares. Currently, institutional investors hold 70.21% of Cameco's stock.

About Cameco Corporation

Cameco Corporation is engaged in providing uranium essential for electricity generation. Its operations are divided into three segments: Uranium, Fuel Services, and Westinghouse. The Uranium segment focuses on the exploration, mining, milling, purchasing, and selling of uranium concentrate. The Fuel Services segment undertakes the refining and fabrication of uranium concentrate as well as related services.

Should You Invest $1,000 in Cameco Right Now?

Before deciding to invest in Cameco, potential investors should note that, despite having a "Buy" rating from analysts, other stocks may offer better opportunities at this time. Analysts have identified five alternative stocks that are currently garnering more attention from investors.

This changing landscape can cause investors to rethink their strategies. It is essential to remain updated on market conditions and individual stock performances for informed decision-making.

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