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

Janney Montgomery Scott LLC decreased its holdings in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 19.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 73,488 shares of the basic materials company's stock after selling 18,279 shares during the quarter. Janney Montgomery Scott LLC's holdings in Cameco were worth $3,025,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Keystone Wealth Services LLC boosted its stake in shares of Cameco by 35.3% in the 1st quarter. Keystone Wealth Services LLC now owns 7,288 shares of the basic materials company's stock valued at $300,000 after buying an additional 1,903 shares during the period. Exchange Traded Concepts LLC grew its stake in shares of Cameco by 76.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 380,088 shares of the basic materials company's stock valued at $15,644,000 after purchasing an additional 165,191 shares during the last quarter. Foster Victor Wealth Advisors LLC raised its position in Cameco by 21.2% during the 1st quarter. Foster Victor Wealth Advisors LLC now owns 188,355 shares of the basic materials company's stock worth $7,692,000 after buying an additional 32,949 shares during the last quarter. Tcfg Wealth Management LLC lifted its stake in shares of Cameco by 11.7% in the 1st quarter. Tcfg Wealth Management LLC now owns 30,300 shares of the basic materials company's stock worth $1,247,000 after acquiring an additional 3,175 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Cameco by 30.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 8,183 shares of the basic materials company's stock valued at $337,000 after acquiring an additional 1,908 shares in the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CCJ. Wall Street Zen raised shares of Cameco from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. UBS Group reissued a "buy" rating on shares of Cameco in a research note on Tuesday, June 10th. Desjardins began coverage on shares of Cameco in a report on Friday, April 4th. They set a "buy" rating on the stock. Royal Bank Of Canada boosted their price objective on shares of Cameco from $90.00 to $100.00 and gave the stock an "outperform" rating in a report on Friday, June 20th. Finally, Raymond James Financial restated an "outperform" rating on shares of Cameco in a research note on Wednesday, June 18th. 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.com, Cameco presently has an average rating of "Buy" and an average price target of $77.30.

Cameco Price Performance

Shares of NYSE:CCJ opened at $72.38 on Wednesday. The firm's 50 day moving average is $54.92 and its two-hundred day moving average is $50.00. 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 firm has a market capitalization of $31.51 billion, a P/E ratio of 180.95 and a beta of 0.97. Cameco Corporation has a 52 week low of $35.00 and a 52 week high of $72.79.

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 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07). The company had revenue of $549.58 million for the quarter, compared to the consensus estimate of $890.07 million. Cameco had a return on equity of 4.47% and a net margin of 7.50%. The firm's quarterly revenue was up 24.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.13 earnings per share. Analysts anticipate that Cameco Corporation will post 1.27 earnings per share 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.

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