Cameco Corporation (NYSE:CCJ) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lowered its stake in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 19.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 73,488 shares of the basic materials company's stock after selling 18,279 shares during the period. Janney Montgomery Scott LLC's holdings in Cameco were worth $3,025,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Hurley Capital LLC purchased a new position in Cameco during the fourth quarter worth about $27,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Cameco during the 4th quarter worth approximately $28,000. Whipplewood Advisors LLC purchased a new position in shares of Cameco during the 4th quarter worth approximately $33,000. Copia Wealth Management acquired a new stake in shares of Cameco in the 4th quarter valued at approximately $39,000. Finally, Ameriflex Group Inc. purchased a new stake in shares of Cameco in the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors own 70.21% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CCJ. Raymond James Financial reiterated an "outperform" rating on shares of Cameco in a research report on Wednesday, June 18th. Royal Bank Of Canada increased their price target on shares of Cameco from $90.00 to $100.00 and gave the company an "outperform" rating in a report on Friday, June 20th. Glj Research reiterated a "buy" rating and issued a $75.27 price objective on shares of Cameco in a research note on Thursday, June 12th. Scotiabank reissued an "outperform" rating on shares of Cameco in a report on Wednesday, May 14th. Finally, Desjardins assumed coverage on shares of Cameco in a report on Friday, April 4th. They issued a "buy" rating for the company. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $80.65.

Cameco Price Performance

NYSE:CCJ traded down $1.22 during mid-day trading on Friday, hitting $73.25. 8,005,182 shares of the company's stock traded hands, compared to its average volume of 4,489,434. 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 cap of $31.89 billion, a PE ratio of 183.12 and a beta of 0.97. The firm's 50 day simple moving average is $56.83 and its 200 day simple moving average is $50.33. Cameco Corporation has a 1 year low of $35.00 and a 1 year high of $75.42.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $890.07 million. During the same period last year, the business earned $0.13 earnings per share. The company's revenue for the quarter was up 24.4% on a year-over-year basis. Sell-side analysts expect that Cameco Corporation will post 1.27 EPS for the current 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.