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Cameco Corp (CCJ): Today's Featured Metals & Mining Loser

Cameco (CCJ) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining loser. The industry as a whole closed the day up 1.5%. By the end of trading, Cameco fell $1.34 (-6.3%) to $20.11 on heavy volume. Throughout the day, 5.6 million shares of Cameco exchanged hands as compared to its average daily volume of 2.6 million shares. The stock ranged in price between $19.37-$20.97 after having opened the day at $20.78 as compared to the previous trading day's close of $21.45. Other company's within the Metals & Mining industry that declined today were: USEC Inc (USU), down 6.9%, Anooraq Resources Corporation (ANO), down 4.7%, Entree Gold Inc (EGI), down 4.3%, and Nanophase Technologies Corporation (NANX), down 4%.

Cameco Corporation operates as a uranium producer, supplier of conversion services, and fuel manufacturer. The company's Uranium segment involves in the exploration for, mining, milling, purchase, and sale of uranium concentrate. Cameco has a market cap of $8.6 billion and is part of the basic materials sector. The company has a P/E ratio of 18.5, equal to the average metals & mining industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are down 46.3% year to date as of the close of trading on Friday.

TheStreet Ratings rates Cameco as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income.

On the positive front, China Shen Zhou Mining & Resources Inc (SHZ), up 30.2%, China Gengsheng Minerals (CHGS), up 28%, Avalon Rare Metals Inc (AVL), up 10.8%, and Rare Element Resources (REE), up 10.1%, were all gainers within the metals & mining industry with Goldcorp Inc (GG) being today's featured metals & mining industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the metals & mining industry could consider SPDR S&P Metals & Mining ETF (XME) while those bearish on the metals & mining industry could consider PowerShares DB Base Metals Sht ETN (BOS).

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