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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

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 2.7%. By the end of trading, Cameco rose $0.25 (1.2%) to $21.00 on average volume. Throughout the day, 1,480,130 shares of Cameco exchanged hands as compared to its average daily volume of 1,679,200 shares. The stock ranged in a price between $20.59-$21.07 after having opened the day at $20.65 as compared to the previous trading day's close of $20.75. Other companies within the Metals & Mining industry that increased today were: L & L Energy ( LLEN), up 15.4%, US Silica Holdings ( SLCA), up 8.3%, Platinum Group Metal ( PLG), up 7.0% and MFC Industrial ( MIL), up 5.9%.
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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 $8.2 billion and is part of the basic materials sector. The company has a P/E ratio of 59.4, above the S&P 500 P/E ratio of 17.7. Shares are up 5.2% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Cameco a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Cameco as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, 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 negative front, Crosshair Energy ( CXZ), down 20.8%, Tasman Metals ( TAS), down 15.1%, Lake Shore Gold ( LSG), down 14.4% and Great Basin Gold ( GBG), down 11.8% , were all laggards within the metals & mining industry with Barrick Gold Corporation ( ABX) being today's metals & mining industry laggard.

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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