CWA Asset Management Group LLC Sells 23,030 Shares of Cameco Corporation (NYSE:CCJ)

CWA Asset Management Group LLC trimmed its holdings in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 8.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 257,132 shares of the basic materials company's stock after selling 23,030 shares during the quarter. CWA Asset Management Group LLC owned about 0.06% of Cameco worth $10,584,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Cameco in the fourth quarter worth $4,647,000. Vontobel Holding Ltd. lifted its position in Cameco by 10.4% during the 4th quarter. Vontobel Holding Ltd. now owns 15,735 shares of the basic materials company's stock worth $808,000 after acquiring an additional 1,485 shares during the last quarter. Principal Securities Inc. boosted its holdings in Cameco by 132.9% during the fourth quarter. Principal Securities Inc. now owns 1,742 shares of the basic materials company's stock valued at $90,000 after acquiring an additional 994 shares during the period. Strategic Financial Concepts LLC bought a new stake in Cameco during the fourth quarter valued at about $2,358,000. Finally, Allworth Financial LP grew its position in shares of Cameco by 192.7% in the fourth quarter. Allworth Financial LP now owns 3,480 shares of the basic materials company's stock valued at $196,000 after purchasing an additional 2,291 shares during the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on CCJ. Wall Street Zen upgraded Cameco from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Scotiabank reissued an "outperform" rating on shares of Cameco in a research report on Wednesday, May 14th. Stifel Nicolaus initiated coverage on shares of Cameco in a research note on Wednesday, March 12th. They issued a "buy" rating on the stock. Glj Research reiterated a "buy" rating and set a $75.27 target price on shares of Cameco in a research note on Thursday, June 12th. Finally, UBS Group restated a "buy" rating on shares of Cameco in a research report on Tuesday, June 10th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, Cameco currently has a consensus rating of "Buy" and a consensus target price of $75.63.

Cameco Price Performance

Shares of NYSE:CCJ traded up $0.42 during midday trading on Thursday, reaching $69.67. 4,388,478 shares of the company's stock were exchanged, compared to its average volume of 4,402,453. 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's 50 day simple moving average is $52.55 and its two-hundred day simple moving average is $49.79. Cameco Corporation has a 12 month low of $35.00 and a 12 month high of $71.31. The firm has a market capitalization of $30.33 billion, a PE ratio of 174.17 and a beta of 0.97.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced 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 business 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 revenue for the quarter was up 24.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.13 EPS. Equities research analysts expect that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Cameco 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.