Bleakley Financial Group LLC Grows Stake in Cameco Corporation (NYSE:CCJ)

Bleakley Financial Group LLC lifted its position in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 45.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,606 shares of the basic materials company's stock after purchasing an additional 5,828 shares during the quarter. Bleakley Financial Group LLC's holdings in Cameco were worth $766,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of CCJ. Proficio Capital Partners LLC purchased a new position in Cameco during the fourth quarter valued at approximately $1,212,000. Farther Finance Advisors LLC raised its position in Cameco by 17.3% during the fourth quarter. Farther Finance Advisors LLC now owns 2,902 shares of the basic materials company's stock valued at $149,000 after acquiring an additional 428 shares in the last quarter. Avantax Advisory Services Inc. increased its position in shares of Cameco by 31.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 29,568 shares of the basic materials company's stock valued at $1,520,000 after buying an additional 7,100 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of Cameco by 40.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 128,898 shares of the basic materials company's stock valued at $6,624,000 after buying an additional 37,040 shares in the last quarter. Finally, Natixis Advisors LLC increased its position in shares of Cameco by 25.3% in the fourth quarter. Natixis Advisors LLC now owns 113,765 shares of the basic materials company's stock valued at $5,846,000 after buying an additional 22,949 shares in the last quarter. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Trading Up 1.4%

NYSE:CCJ traded up $1.07 during trading hours on Friday, hitting $78.98. The company had a trading volume of 4,624,464 shares, compared to its average volume of 4,599,527. 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 company has a 50-day moving average of $64.82 and a 200 day moving average of $52.34. The company has a market cap of $34.38 billion, a P/E ratio of 197.45 and a beta of 1.03. Cameco Corporation has a 1 year low of $35.00 and a 1 year high of $80.04.

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

Wall Street Analysts Forecast Growth

CCJ has been the subject of a number of recent analyst reports. Sanford C. Bernstein set a $70.00 price objective on Cameco and gave the company an "outperform" rating in a research report on Tuesday, June 10th. Desjardins initiated coverage on Cameco in a research report on Friday, April 4th. They issued a "buy" rating for the company. Wall Street Zen upgraded Cameco from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Royal Bank Of Canada boosted their price objective on Cameco from $90.00 to $100.00 and gave the company an "outperform" rating in a research report on Friday, June 20th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Cameco in a research note on Tuesday, July 8th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Cameco presently has an average rating of "Buy" and a consensus price target 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.