Balboa Wealth Partners Has $1.05 Million Stock Holdings in Cameco Corporation (NYSE:CCJ)

Balboa Wealth Partners boosted its stake in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 25.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,379 shares of the basic materials company's stock after buying an additional 5,139 shares during the period. Balboa Wealth Partners' holdings in Cameco were worth $1,045,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. FMR LLC raised its holdings in Cameco by 8.7% during the 4th quarter. FMR LLC now owns 22,639,647 shares of the basic materials company's stock worth $1,163,942,000 after buying an additional 1,811,876 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Cameco by 1.1% during the 4th 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 in the last quarter. Vanguard Group Inc. grew its stake in Cameco by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 16,784,270 shares of the basic materials company's stock valued at $862,997,000 after acquiring an additional 270,102 shares in the last quarter. Alliancebernstein L.P. grew its stake in Cameco by 13.5% during the 4th quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company's stock valued at $518,443,000 after acquiring an additional 1,196,336 shares in the last quarter. Finally, Norges Bank purchased a new position in Cameco during the 4th quarter valued at about $188,595,000. Institutional investors and hedge funds own 70.21% of the company's stock.

Cameco Stock Down 1.6%

Shares of NYSE CCJ traded down $1.22 during trading hours on Friday, hitting $73.25. The stock had a trading volume of 8,005,182 shares, compared to its average volume of 4,486,564. The company has a market capitalization of $31.89 billion, a P/E ratio of 183.12 and a beta of 0.97. The firm's 50-day moving average price is $56.83 and its two-hundred day moving average price is $50.38. Cameco Corporation has a 52 week low of $35.00 and a 52 week high of $75.42. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.26 and a current ratio of 2.70.

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 firm had revenue of $549.58 million during the quarter, compared to the consensus estimate of $890.07 million. During the same period in the previous year, the firm posted $0.13 EPS. The company's quarterly revenue was up 24.4% compared to the same quarter last year. Analysts anticipate that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on CCJ shares. Royal Bank Of Canada lifted their target price on Cameco from $90.00 to $100.00 and gave the company an "outperform" rating in a research note on Friday, June 20th. Raymond James Financial reaffirmed an "outperform" rating on shares of Cameco in a research note on Wednesday, June 18th. Sanford C. Bernstein set a $70.00 target price on Cameco and gave the company an "outperform" rating in a research note on Tuesday, June 10th. The Goldman Sachs Group lifted their target price on Cameco from $65.00 to $78.00 and gave the company a "buy" rating in a research note on Wednesday, June 11th. Finally, UBS Group reissued a "buy" rating on shares of Cameco in a research note on Tuesday, June 10th. 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 company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price 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.