Axxcess Wealth Management LLC Invests $215,000 in Cameco Corporation (NYSE:CCJ)

Axxcess Wealth Management LLC bought a new stake in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 5,214 shares of the basic materials company's stock, valued at approximately $215,000.

Other large investors have also modified their holdings of the company. Hurley Capital LLC bought a new stake in shares of Cameco during the 4th quarter valued at about $27,000. Copia Wealth Management acquired a new stake in shares of Cameco during the 4th quarter worth approximately $39,000. Ameriflex Group Inc. bought a new stake in shares of Cameco in the 4th quarter worth approximately $40,000. CoreCap Advisors LLC boosted its position in Cameco by 8,363.6% during the 4th quarter. CoreCap Advisors LLC now owns 931 shares of the basic materials company's stock valued at $48,000 after purchasing an additional 920 shares during the period. Finally, Private Trust Co. NA grew its stake in 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 buying an additional 933 shares during the last quarter. Institutional investors own 70.21% of the company's stock.

Analyst Ratings Changes

CCJ has been the topic of a number of analyst reports. UBS Group reaffirmed a "buy" rating on shares of Cameco in a report on Tuesday, June 10th. The Goldman Sachs Group lifted their price target on Cameco from $65.00 to $78.00 and gave the company a "buy" rating in a report on Wednesday, June 11th. Scotiabank reissued an "outperform" rating on shares of Cameco in a research note on Tuesday, July 8th. Wall Street Zen raised Cameco from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Finally, Royal Bank Of Canada lifted their price objective on shares of Cameco from $90.00 to $100.00 and gave the company an "outperform" rating in a research note on Friday, June 20th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $80.65.

Cameco Price Performance

Cameco stock traded up $1.85 during midday trading on Thursday, hitting $78.04. The company's stock had a trading volume of 5,378,021 shares, compared to its average volume of 4,608,696. Cameco Corporation has a 12 month low of $35.00 and a 12 month high of $78.49. The company has a quick ratio of 1.26, a current ratio of 2.70 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $33.97 billion, a PE ratio of 195.11 and a beta of 1.03. The stock's 50-day moving average price is $64.24 and its 200-day moving average price is $52.15.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced 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 analyst estimates of $890.07 million. Cameco had a return on equity of 4.47% and a net margin of 7.50%. The business's revenue for the quarter was up 24.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.13 EPS. Analysts anticipate that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Cameco Company 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.