4,867 Shares in Cameco Corporation (NYSE:CCJ) Purchased by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC purchased a new position in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,867 shares of the basic materials company's stock, valued at approximately $200,000.

A number of other hedge funds have also recently made changes to their positions in CCJ. Proficio Capital Partners LLC bought a new position in shares of Cameco in the fourth quarter worth about $1,212,000. Farther Finance Advisors LLC raised its position in shares of Cameco by 17.3% in the 4th quarter. Farther Finance Advisors LLC now owns 2,902 shares of the basic materials company's stock valued at $149,000 after purchasing an additional 428 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of Cameco by 40.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 128,898 shares of the basic materials company's stock valued at $6,624,000 after purchasing an additional 37,040 shares during the last quarter. Natixis Advisors LLC increased its holdings in Cameco by 25.3% in the 4th quarter. Natixis Advisors LLC now owns 113,765 shares of the basic materials company's stock worth $5,846,000 after buying an additional 22,949 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in Cameco by 8.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 6,910 shares of the basic materials company's stock worth $355,000 after buying an additional 565 shares during the period. 70.21% of the stock is currently owned by institutional investors.

Cameco Stock Performance

Shares of Cameco stock traded up $1.07 during trading hours on Friday, hitting $78.98. 4,631,654 shares of the company were exchanged, compared to its average volume of 4,603,905. Cameco Corporation has a 1 year low of $35.00 and a 1 year high of $80.05. The company has a current ratio of 2.70, a quick ratio of 1.26 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average of $65.38 and a 200-day moving average of $52.54. The stock has a market capitalization of $34.39 billion, a price-to-earnings ratio of 197.45 and a beta of 1.03.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.07). The business had revenue of $549.58 million during the quarter, compared to analysts' expectations of $890.07 million. Cameco had a return on equity of 4.47% and a net margin of 7.50%. The company's revenue was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS. As a group, analysts expect that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CCJ. UBS Group reissued a "buy" rating on shares of Cameco in a research note on Tuesday, June 10th. Scotiabank reiterated an "outperform" rating on shares of Cameco in a report on Tuesday, July 8th. Sanford C. Bernstein set a $70.00 price objective on shares of Cameco and gave the company an "outperform" rating in a report on Tuesday, June 10th. Desjardins assumed coverage on Cameco in a research report on Friday, April 4th. They issued a "buy" rating for the company. Finally, The Goldman Sachs Group boosted their price objective on Cameco from $65.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday, June 11th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $80.65.

About Cameco

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.