Cameco Corporation (NYSE:CCJ) Shares Bought by Cetera Investment Advisers

Key Points

• Cetera Investment Advisers increased its stake in Cameco Corporation by 11.1% in the first quarter, owning 173,196 shares valued at approximately $7.13 million.
• Several large investors, including Montgomery Investment Management and Blume Capital Management, significantly boosted their holdings in Cameco during the same period, with institutional investors now owning 70.21% of the company's stock.
• Analysts have generally rated Cameco positively, with a consensus target price of $82.65 and multiple firms issuing "buy" ratings, indicating strong market confidence in the company's future performance.

Cetera Investment Advisers grew its stake in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 11.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 173,196 shares of the basic materials company's stock after purchasing an additional 17,284 shares during the quarter. Cetera Investment Advisers' holdings in Cameco were worth $7,129,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Montgomery Investment Management Inc. increased its holdings in Cameco by 73.2% in the 1st quarter. Montgomery Investment Management Inc. now owns 21,525 shares of the basic materials company's stock valued at $886,000 after purchasing an additional 9,100 shares during the last quarter. Ninepoint Partners LP purchased a new stake in shares of Cameco during the 1st quarter worth $2,058,000. Blume Capital Management Inc. boosted its position in shares of Cameco by 3,169.3% during the 1st quarter. Blume Capital Management Inc. now owns 13,077 shares of the basic materials company's stock worth $538,000 after acquiring an additional 12,677 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co increased its stake in Cameco by 1.4% in the first quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 226,971 shares of the basic materials company's stock valued at $9,342,000 after purchasing an additional 3,028 shares during the last quarter. Finally, Madison Asset Management LLC lifted its position in Cameco by 67.7% in the first quarter. Madison Asset Management LLC now owns 102,202 shares of the basic materials company's stock valued at $4,207,000 after acquiring an additional 41,270 shares during the last quarter. Hedge funds and other institutional investors own 70.21% of the company's stock.

Analysts Set New Price Targets

CCJ has been the topic of several research reports. Glj Research reissued a "buy" rating and set a $75.27 price objective on shares of Cameco in a research report on Thursday, June 12th. UBS Group reissued a "buy" rating on shares of Cameco in a research note on Tuesday, June 10th. Raymond James Financial reissued an "outperform" rating on shares of Cameco in a report on Wednesday, June 18th. Sanford C. Bernstein set a $70.00 price objective on shares of Cameco and gave the company an "outperform" rating in a research note on Tuesday, June 10th. Finally, The Goldman Sachs Group raised their price target on Cameco from $65.00 to $78.00 and gave the stock a "buy" rating in a research note on Wednesday, June 11th. Ten analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $82.65.

Cameco Stock Down 2.6%

Cameco stock opened at $72.97 on Friday. 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 stock has a market cap of $31.77 billion, a price-to-earnings ratio of 83.87 and a beta of 1.03. The company's 50-day moving average price is $70.40 and its two-hundred day moving average price is $54.35. Cameco Corporation has a 52 week low of $35.00 and a 52 week high of $80.32.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.22. The firm had revenue of $467.72 million for the quarter, compared to analyst estimates of $819.79 million. Cameco had a net margin of 14.97% and a return on equity of 8.34%. The firm's quarterly revenue was up 46.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 earnings per share. On average, analysts expect that Cameco Corporation will post 1.27 EPS for the current fiscal year.

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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