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

Cameco ( CCJ) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day up 2.7%. By the end of trading, Cameco fell 37 cents (-1.6%) to $21.98 on heavy volume. Throughout the day, 3.8 million shares of Cameco exchanged hands as compared to its average daily volume of 2.1 million shares. The stock ranged in price between $21.22-$22.30 after having opened the day at $21.89 as compared to the previous trading day's close of $22.35. Other company's within the Metals & Mining industry that declined today were: China Shen Zhou Mining & Resources ( SHZ), down 6.6%, China Precision Steel ( CPSL), down 6.2%, China Gengsheng Minerals ( CHGS), down 5%, and Nevsun Resources ( NSU), down 4.6%.

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 $8.7 billion and is part of the basic materials sector. The company has a P/E ratio of 17.8, equal to the average metals & mining industry P/E ratio and equal to the S&P 500 P/E ratio of 17.7. Shares are up 23.8% year to date as of the close of trading on Thursday. Currently there are nine analysts that rate Cameco a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Cameco as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, 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 and disappointing return on equity.

On the positive front, Arch Coal ( ACI), up 29.2%, Alpha Natural Resources ( ANR), up 20.1%, James River Coal Company ( JRCC), up 15.2%, and Atlatsa Resources ( ATL), up 13.3%, were all gainers within the metals & mining industry with ArcelorMittal ( MT) being today's featured metals & mining industry leader.

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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