Cameco Co. (NYSE:CCJ) Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its stake in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 465.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,411 shares of the basic materials company's stock after buying an additional 13,509 shares during the quarter. Farther Finance Advisors LLC's holdings in Cameco were worth $686,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CCJ. Empowered Funds LLC raised its position in Cameco by 166.4% in the fourth quarter. Empowered Funds LLC now owns 42,813 shares of the basic materials company's stock valued at $2,200,000 after purchasing an additional 26,742 shares during the period. Savant Capital LLC lifted its stake in Cameco by 3.8% during the fourth quarter. Savant Capital LLC now owns 14,334 shares of the basic materials company's stock worth $737,000 after purchasing an additional 526 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Cameco during the fourth quarter worth $4,647,000. Vontobel Holding Ltd. grew its stake in shares of Cameco by 10.4% in the fourth quarter. Vontobel Holding Ltd. now owns 15,735 shares of the basic materials company's stock valued at $808,000 after buying an additional 1,485 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV raised its holdings in shares of Cameco by 38.8% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 91,686 shares of the basic materials company's stock valued at $4,712,000 after buying an additional 25,643 shares during the period. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Stock Up 0.7%

CCJ stock opened at $66.60 on Friday. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The company's 50-day moving average price is $50.71 and its 200 day moving average price is $49.51. Cameco Co. has a 52 week low of $35.00 and a 52 week high of $68.12. The company has a market cap of $28.99 billion, a P/E ratio of 237.85 and a beta of 0.97.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07). The company had revenue of $549.58 million for the quarter, compared to analyst estimates of $890.07 million. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The firm's revenue was up 24.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.13 EPS. On average, research analysts expect that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. UBS Group reaffirmed a "buy" rating on shares of Cameco in a research report on Tuesday. Wall Street Zen upgraded shares of Cameco from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Glj Research reaffirmed a "buy" rating and set a $75.27 price objective on shares of Cameco in a research report on Thursday. Sanford C. Bernstein set a $70.00 target price on Cameco and gave the stock an "outperform" rating in a research report on Tuesday. Finally, Scotiabank reiterated an "outperform" rating on shares of Cameco in a research note on Wednesday, May 14th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $75.63.

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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