Continuum Advisory LLC raised its holdings in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 39.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,886 shares of the basic materials company's stock after buying an additional 12,384 shares during the quarter. Continuum Advisory LLC's holdings in Cameco were worth $1,806,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the business. Larson Financial Group LLC increased its stake in Cameco by 37.4% during 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 during the period. Two Sigma Investments LP grew its holdings in shares of Cameco by 0.5% during the 4th quarter. Two Sigma Investments LP now owns 50,438 shares of the basic materials company's stock worth $2,592,000 after purchasing an additional 238 shares in the last quarter. Heritage Wealth Management Inc. increased its position in shares of Cameco by 0.8% during the fourth quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company's stock valued at $1,587,000 after purchasing an additional 250 shares during the period. EdgeRock Capital LLC raised its stake in shares of Cameco by 2.2% in the fourth quarter. EdgeRock Capital LLC now owns 13,986 shares of the basic materials company's stock valued at $719,000 after purchasing an additional 297 shares in the last quarter. Finally, Highview Capital Management LLC DE lifted its position in Cameco by 5.0% in the fourth quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company's stock worth $321,000 after purchasing an additional 300 shares during the period. 70.21% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. Desjardins initiated coverage on shares of Cameco in a report on Friday, April 4th. They issued a "buy" rating on the stock. Sanford C. Bernstein set a $70.00 price target on shares of Cameco and gave the stock an "outperform" rating in a research report on Tuesday, June 10th. Stifel Nicolaus assumed coverage on Cameco in a report on Wednesday, March 12th. They set a "buy" rating on the stock. The Goldman Sachs Group upped their price objective on Cameco from $65.00 to $78.00 and gave the company a "buy" rating in a research note on Wednesday, June 11th. Finally, Royal Bank Of Canada lifted their price objective on Cameco from $90.00 to $100.00 and gave the company an "outperform" rating in a report on Friday, June 20th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $77.30.
Get Our Latest Stock Report on CCJ
Cameco Price Performance
Shares of Cameco stock traded up $3.06 during trading on Thursday, reaching $74.49. The company's stock had a trading volume of 7,819,955 shares, compared to its average volume of 4,465,651. Cameco Corporation has a one year low of $35.00 and a one year high of $74.99. The stock has a market capitalization of $32.43 billion, a P/E ratio of 186.23 and a beta of 0.97. 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 50-day moving average price of $56.19 and a two-hundred day moving average price of $50.27.
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). Cameco had a net margin of 7.50% and a return on equity of 4.47%. The company had revenue of $549.58 million during the quarter, compared to analyst estimates of $890.07 million. During the same period in the prior year, the business earned $0.13 EPS. The business's revenue for the quarter was up 24.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Cameco Corporation will post 1.27 EPS for the current fiscal year.
Cameco Profile
(
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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