DAVENPORT & Co LLC Acquires 5,200 Shares of Cameco Corporation (NYSE:CCJ)

DAVENPORT & Co LLC grew its holdings in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 50.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,531 shares of the basic materials company's stock after purchasing an additional 5,200 shares during the period. DAVENPORT & Co LLC's holdings in Cameco were worth $639,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Capital Wealth Advisors purchased a new position in Cameco during the fourth quarter valued at approximately $839,000. Nicholson Meyer Capital Management Inc. purchased a new position in Cameco during the first quarter valued at approximately $350,000. Balefire LLC grew its stake in Cameco by 42.9% during the first quarter. Balefire LLC now owns 33,601 shares of the basic materials company's stock valued at $1,383,000 after acquiring an additional 10,081 shares in the last quarter. FNY Investment Advisers LLC grew its stake in Cameco by 583.2% during the first quarter. FNY Investment Advisers LLC now owns 21,500 shares of the basic materials company's stock valued at $884,000 after acquiring an additional 18,353 shares in the last quarter. Finally, Tidal Investments LLC grew its stake in Cameco by 44.7% during the fourth quarter. Tidal Investments LLC now owns 36,736 shares of the basic materials company's stock valued at $1,888,000 after acquiring an additional 11,340 shares in the last quarter. Institutional investors own 70.21% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on CCJ. Raymond James Financial reissued an "outperform" rating on shares of Cameco in a research note on Wednesday, June 18th. Royal Bank Of Canada increased their price objective on shares of Cameco from $90.00 to $100.00 and gave the company an "outperform" rating in a research report on Friday, June 20th. Sanford C. Bernstein set a $70.00 price objective on shares of Cameco and gave the company an "outperform" rating in a research report on Tuesday, June 10th. Wall Street Zen upgraded shares of Cameco from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Finally, Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Cameco currently has an average rating of "Buy" and an average price target of $80.65.

Cameco Stock Performance

NYSE CCJ traded down $0.81 on Thursday, reaching $70.74. 6,216,654 shares of the stock were exchanged, compared to its average volume of 4,562,045. Cameco Corporation has a one year low of $35.00 and a one year high of $75.42. The firm has a market capitalization of $30.80 billion, a PE ratio of 176.85 and a beta of 1.03. The company's 50-day simple moving average is $61.57 and its two-hundred day simple moving average is $51.41. The company has a current ratio of 2.70, a quick ratio of 1.26 and a debt-to-equity ratio of 0.15.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.11 earnings per share (EPS) 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 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 quarterly revenue was up 24.4% compared to the same quarter last year. Analysts expect that Cameco Corporation will post 1.27 EPS 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.