Balboa Wealth Partners boosted its stake in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 25.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,379 shares of the basic materials company's stock after acquiring an additional 5,139 shares during the quarter. Balboa Wealth Partners' holdings in Cameco were worth $1,045,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also modified their holdings of the business. Larson Financial Group LLC raised its stake in shares of Cameco by 37.4% during the 4th quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company's stock worth $43,000 after buying an additional 226 shares in the last quarter. Two Sigma Investments LP raised its stake in shares of Cameco by 0.5% during the 4th quarter. Two Sigma Investments LP now owns 50,438 shares of the basic materials company's stock worth $2,592,000 after buying an additional 238 shares in the last quarter. Heritage Wealth Management Inc. increased its stake in Cameco by 0.8% in the 4th quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company's stock valued at $1,587,000 after purchasing an additional 250 shares in the last quarter. EdgeRock Capital LLC increased its stake in Cameco by 2.2% in the 4th quarter. EdgeRock Capital LLC now owns 13,986 shares of the basic materials company's stock valued at $719,000 after purchasing an additional 297 shares in the last quarter. Finally, Highview Capital Management LLC DE increased its stake in Cameco by 5.0% in the 4th quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company's stock valued at $321,000 after purchasing an additional 300 shares in the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.
Cameco Stock Performance
Cameco stock opened at $69.83 on Tuesday. 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 fifty day moving average of $54.29 and a two-hundred day moving average of $49.84. The company has a market capitalization of $30.40 billion, a price-to-earnings ratio of 174.58 and a beta of 0.97. Cameco Corporation has a fifty-two week low of $35.00 and a fifty-two week high of $71.31.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings results 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 company had revenue of $549.58 million for the quarter, compared to analysts' expectations of $890.07 million. During the same period in the previous year, the business posted $0.13 EPS. The business's quarterly revenue was up 24.4% on a year-over-year basis. On average, analysts anticipate that Cameco Corporation will post 1.27 EPS for the current fiscal year.
Wall Street Analyst Weigh In
CCJ has been the subject of several research analyst reports. Sanford C. Bernstein set a $70.00 price objective on Cameco and gave the company an "outperform" rating in a research note on Tuesday, June 10th. Desjardins initiated coverage on Cameco in a research note on Friday, April 4th. They issued a "buy" rating for the company. Glj Research reaffirmed a "buy" rating and issued a $75.27 price objective on shares of Cameco in a research note on Thursday, June 12th. UBS Group reaffirmed a "buy" rating on shares of Cameco in a research note on Tuesday, June 10th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Cameco in a research note on Wednesday, May 14th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $77.30.
Check Out Our Latest Stock Analysis on Cameco
Cameco Company Profile
(
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Cameco, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cameco wasn't on the list.
While Cameco currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
