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

Cameco ( CCJ) pushed the Metals & Mining industry higher today making it today's featured metals & mining winner. The industry as a whole closed the day down 1.3%. By the end of trading, Cameco rose 63 cents (2.8%) to $23.40 on heavy volume. Throughout the day, 4.5 million shares of Cameco exchanged hands as compared to its average daily volume of 2.8 million shares. The stock ranged in a price between $22.57-$23.41 after having opened the day at $22.60 as compared to the previous trading day's close of $22.77. Other companies within the Metals & Mining industry that increased today were: Kobex Minerals ( KXM), up 7%, Gibraltar Industries ( ROCK), up 4.4%, Minco Gold Corporation ( MGH), up 3.8%, and Northwest Pipe Company ( NWPX), up 3.7%.

Cameco Corporation operates as a uranium producer, supplier of conversion services, and fuel manufacturer. The company's Uranium segment is involved in the exploration for, mining, milling, purchase, and sale of uranium concentrate. Cameco has a market cap of $8.72 billion and is part of the basic materials sector. The company has a P/E ratio of 19.7, equal to the average metals & mining industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 26.1% year to date as of the close of trading on Tuesday. Currently there are nine analysts that rate Cameco a buy, no analysts rate it a sell, and one rates it a hold.

TheStreet Ratings rates Cameco as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the negative front, Arch Coal ( ACI), down 7.8%, McEwen Mining ( MUX), down 6.7%, Jaguar Mining ( JAG), down 6.4%, and Alpha Natural Resources ( ANR), down 5.4%, were all losers within the metals & mining industry with Teck Resources Ltd Class B ( TCK) being today's metals & mining industry loser.

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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