Moran Wealth Management LLC increased its holdings in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 11.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,636 shares of the basic materials company's stock after buying an additional 4,915 shares during the quarter. Moran Wealth Management LLC's holdings in Cameco were worth $2,002,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Hurley Capital LLC purchased a new position in Cameco in the fourth quarter valued at about $27,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Cameco in the fourth quarter valued at about $28,000. Whipplewood Advisors LLC purchased a new position in Cameco in the fourth quarter valued at about $33,000. Copia Wealth Management purchased a new position in Cameco in the fourth quarter valued at about $39,000. Finally, Ameriflex Group Inc. purchased a new position in Cameco in the fourth quarter valued at about $40,000. Hedge funds and other institutional investors own 70.21% of the company's stock.
Cameco Price Performance
NYSE CCJ opened at $74.49 on Friday. Cameco Corporation has a twelve month low of $35.00 and a twelve month high of $75.86. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.26 and a current ratio of 2.70. The stock has a market capitalization of $32.43 billion, a PE ratio of 186.23 and a beta of 0.97. The stock has a 50-day simple moving average of $56.19 and a 200 day simple moving average of $50.27.
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 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.07). Cameco had a return on equity of 4.47% and a net margin of 7.50%. The business had revenue of $549.58 million for the quarter, compared to analyst estimates of $890.07 million. During the same period in the prior year, the firm posted $0.13 EPS. Cameco's revenue for the quarter was up 24.4% on a year-over-year basis. Research analysts anticipate that Cameco Corporation will post 1.27 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on CCJ. UBS Group restated a "buy" rating on shares of Cameco in a research note on Tuesday, June 10th. Wall Street Zen upgraded Cameco from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Raymond James Financial restated an "outperform" rating on shares of Cameco in a research note on Wednesday, June 18th. Royal Bank Of Canada upped their price target on Cameco from $90.00 to $100.00 and gave the stock an "outperform" rating in a research note on Friday, June 20th. Finally, Desjardins began coverage on Cameco in a research note on Friday, April 4th. They set a "buy" rating for the company. One research analyst has rated the stock with a hold rating, ten have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $80.65.
Check Out Our Latest Analysis on CCJ
About Cameco
(
Free Report)
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.
Further Reading
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