Capital Advisors Inc. OK lessened its holdings in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 20.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 753,037 shares of the basic materials company's stock after selling 190,259 shares during the quarter. Capital Advisors Inc. OK owned 0.17% of Cameco worth $30,995,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of CCJ. Hurley Capital LLC acquired a new stake in Cameco in the fourth quarter valued at approximately $27,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Cameco in the fourth quarter valued at approximately $28,000. Copia Wealth Management acquired a new stake in Cameco in the fourth quarter valued at approximately $39,000. Ameriflex Group Inc. acquired a new stake in Cameco in the fourth quarter valued at approximately $40,000. Finally, Larson Financial Group LLC grew its position in Cameco by 37.4% in the fourth quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company's stock valued at $43,000 after acquiring an additional 226 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company's stock.
Wall Street Analysts Forecast Growth
CCJ has been the subject of several recent research reports. The Goldman Sachs Group increased their price objective on shares of Cameco from $65.00 to $78.00 and gave the company a "buy" rating in a research report on Wednesday, June 11th. Stifel Canada raised shares of Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. Stifel Nicolaus initiated coverage on shares of Cameco in a research report on Wednesday, March 12th. They issued a "buy" rating for the company. UBS Group reaffirmed a "buy" rating on shares of Cameco in a research report on Tuesday, June 10th. Finally, Desjardins started coverage on shares of Cameco in a research report on Friday, April 4th. They set a "buy" rating for the company. One analyst has rated the stock with a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $80.65.
Read Our Latest Stock Analysis on CCJ
Cameco Stock Down 1.1%
Shares of CCJ stock traded down $0.81 during mid-day trading on Thursday, reaching $70.74. 6,328,109 shares of the company were exchanged, compared to its average volume of 4,562,047. Cameco Corporation has a fifty-two week low of $35.00 and a fifty-two 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. The company has a market capitalization of $30.80 billion, a P/E ratio of 176.85 and a beta of 1.03. The business's 50 day simple moving average is $61.57 and its 200 day simple moving average is $51.41.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.11 earnings per share (EPS) 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 firm had revenue of $549.58 million for the quarter, compared to the consensus estimate of $890.07 million. During the same quarter last year, the business earned $0.13 earnings per share. The business's revenue for the quarter was up 24.4% compared to the same quarter last year. Research analysts predict that Cameco Corporation will post 1.27 earnings per share for the current year.
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.
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