Cameco Corporation (NYSE:CCJ) Stock Holdings Lowered by Trek Financial LLC

Trek Financial LLC lowered its stake in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 61.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 58,762 shares of the basic materials company's stock after selling 95,578 shares during the period. Trek Financial LLC's holdings in Cameco were worth $2,419,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hurley Capital LLC bought a new stake in shares of Cameco in the 4th quarter worth about $27,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Cameco in the 4th quarter worth about $28,000. Copia Wealth Management bought a new stake in shares of Cameco in the 4th quarter worth about $39,000. Ameriflex Group Inc. bought a new stake in shares of Cameco in the 4th quarter worth about $40,000. Finally, Larson Financial Group LLC increased its position in shares of Cameco by 37.4% in the 4th quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company's stock worth $43,000 after purchasing an additional 226 shares during the last quarter. Institutional investors own 70.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CCJ shares. Desjardins started coverage on shares of Cameco in a report on Friday, April 4th. They issued a "buy" rating for the company. Wall Street Zen raised shares of Cameco from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Royal Bank Of Canada lifted 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. Raymond James Financial reaffirmed an "outperform" rating on shares of Cameco in a report on Wednesday, June 18th. Finally, Sanford C. Bernstein set a $70.00 price target on shares of Cameco and gave the company an "outperform" rating in a report on Tuesday, June 10th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $80.65.

Cameco Stock Performance

Cameco stock traded down $0.30 during midday trading on Wednesday, reaching $71.64. 4,121,166 shares of the stock traded hands, compared to its average volume of 4,554,988. 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 fifty day moving average price of $61.04 and a two-hundred day moving average price of $51.27. The firm has a market cap of $31.19 billion, a price-to-earnings ratio of 179.10 and a beta of 1.03. Cameco Corporation has a fifty-two week low of $35.00 and a fifty-two week high of $75.42.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings results 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). The company had revenue of $549.58 million during the quarter, compared to analyst estimates of $890.07 million. Cameco had a return on equity of 4.47% and a net margin of 7.50%. The company's revenue was up 24.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.13 earnings per share. On average, equities research analysts forecast that Cameco Corporation will post 1.27 earnings per share for the current year.

Cameco Company Profile

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.