Avos Capital Management LLC Has $2.43 Million Position in Cameco Corporation (NYSE:CCJ)

Key Points

• Avos Capital Management LLC increased its stake in Cameco Corporation by 11.8% during the first quarter, owning 59,076 shares valued at approximately $2.43 million.
• Cameco reported an earnings per share (EPS) of $0.51 for the last quarter, exceeding expectations of $0.29, with revenue growth of 46.7% year-over-year.
• Analysts largely favor Cameco, with twelve ratings of "buy" and an average target price of $82.65, reflecting strong market confidence.

Avos Capital Management LLC raised its holdings in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 11.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,076 shares of the basic materials company's stock after acquiring an additional 6,215 shares during the quarter. Cameco makes up 1.6% of Avos Capital Management LLC's portfolio, making the stock its 16th largest holding. Avos Capital Management LLC's holdings in Cameco were worth $2,432,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Cameco by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 17,084,358 shares of the basic materials company's stock valued at $703,295,000 after purchasing an additional 300,088 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Cameco by 1.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,846,044 shares of the basic materials company's stock valued at $865,729,000 after acquiring an additional 190,337 shares during the last quarter. Driehaus Capital Management LLC increased its stake in Cameco by 120.2% during the 4th quarter. Driehaus Capital Management LLC now owns 2,245,539 shares of the basic materials company's stock valued at $115,398,000 after purchasing an additional 1,225,966 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Cameco by 2.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,215,853 shares of the basic materials company's stock valued at $91,205,000 after purchasing an additional 56,583 shares during the last quarter. Finally, TD Asset Management Inc grew its stake in shares of Cameco by 1.1% during the 1st quarter. TD Asset Management Inc now owns 2,056,644 shares of the basic materials company's stock worth $84,652,000 after purchasing an additional 23,321 shares during the period. Hedge funds and other institutional investors own 70.21% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group lifted their price objective on Cameco from $65.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th. Glj Research restated a "buy" rating and set a $75.27 target price on shares of Cameco in a research note on Thursday, June 12th. Royal Bank Of Canada upped their target price on shares of Cameco from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Sanford C. Bernstein set a $70.00 price target on shares of Cameco and gave the stock an "outperform" rating in a report on Tuesday, June 10th. Finally, BMO Capital Markets restated an "outperform" rating on shares of Cameco in a research report on Tuesday, August 5th. Twelve analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Cameco currently has a consensus rating of "Buy" and a consensus price target of $82.65.

Cameco Stock Performance

CCJ stock traded up $0.73 during midday trading on Monday, hitting $77.65. 3,293,253 shares of the company traded hands, compared to its average volume of 4,712,165. The stock has a market capitalization of $33.81 billion, a price-to-earnings ratio of 89.25 and a beta of 1.06. The business has a 50 day simple moving average of $72.44 and a 200-day simple moving average of $55.33. 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 Corporation has a twelve month low of $35.00 and a twelve month high of $80.32.

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

Cameco Profile

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.