711,606 Shares in Cameco Corporation $CCJ Purchased by Nuveen LLC

Nuveen LLC acquired a new position in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO during the 1st quarter, according to its most recent filing with the SEC. The fund acquired 711,606 shares of the basic materials company's stock, valued at approximately $29,290,000. Nuveen LLC owned approximately 0.16% of Cameco as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Manchester Capital Management LLC raised its stake in Cameco by 100.0% in the 1st quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 300 shares during the last quarter. Copia Wealth Management acquired a new position in shares of Cameco during the 4th quarter valued at about $39,000. Ameriflex Group Inc. purchased a new position in shares of Cameco during the 4th quarter worth about $40,000. CoreCap Advisors LLC lifted its holdings in shares of Cameco by 8,363.6% during the 4th quarter. CoreCap Advisors LLC now owns 931 shares of the basic materials company's stock worth $48,000 after acquiring an additional 920 shares during the period. Finally, Private Trust Co. NA lifted its holdings in shares of Cameco by 315.2% during the 1st quarter. Private Trust Co. NA now owns 1,229 shares of the basic materials company's stock worth $51,000 after acquiring an additional 933 shares during the period. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CCJ shares. Glj Research reiterated a "buy" rating and set a $75.27 price objective on shares of Cameco in a report on Thursday, June 12th. Royal Bank Of Canada increased their price objective on shares of Cameco from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Raymond James Financial reiterated an "outperform" rating on shares of Cameco in a report on Wednesday, June 18th. The Goldman Sachs Group increased their price objective on shares of Cameco from $65.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th. Finally, Scotiabank reiterated an "outperform" rating on shares of Cameco in a report on Tuesday, July 8th. Twelve research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $82.65.

Cameco Stock Down 0.1%

NYSE CCJ opened at $75.51 on Monday. The stock has a market cap of $32.88 billion, a PE ratio of 86.79 and a beta of 1.06. Cameco Corporation has a fifty-two week low of $35.00 and a fifty-two week high of $80.32. The business has a 50 day moving average price of $73.74 and a two-hundred day moving average price of $56.09. The company has a quick ratio of 2.00, a current ratio of 2.96 and a debt-to-equity ratio of 0.15.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.22. The firm had revenue of $467.72 million during the quarter, compared to analysts' expectations of $819.79 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%. Cameco's quarterly revenue was up 46.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.14 EPS. As a group, sell-side analysts predict that Cameco Corporation will post 1.27 EPS for the current fiscal year.

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.

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