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

DAVENPORT & Co LLC raised its position in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 50.3% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,531 shares of the basic materials company's stock after purchasing an additional 5,200 shares during the quarter. DAVENPORT & Co LLC's holdings in Cameco were worth $639,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CCJ. US Bancorp DE boosted its holdings in shares of Cameco by 2.0% in the fourth quarter. US Bancorp DE now owns 28,728 shares of the basic materials company's stock worth $1,476,000 after buying an additional 554 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Cameco by 34.8% in the fourth quarter. Jones Financial Companies Lllp now owns 7,091 shares of the basic materials company's stock worth $364,000 after buying an additional 1,830 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Cameco by 4.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 21,591 shares of the basic materials company's stock worth $1,110,000 after buying an additional 1,009 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Cameco by 3.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 935,507 shares of the basic materials company's stock worth $48,077,000 after buying an additional 32,867 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in Cameco by 304,100.0% during the fourth quarter. Assetmark Inc. now owns 3,042 shares of the basic materials company's stock valued at $156,000 after purchasing an additional 3,041 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CCJ has been the subject of a number of recent analyst reports. Raymond James Financial reiterated an "outperform" rating on shares of Cameco in a research report on Wednesday, June 18th. Scotiabank reiterated an "outperform" rating on shares of Cameco in a research report on Wednesday, May 14th. Royal Bank Of Canada upped their price target on shares of Cameco from $90.00 to $100.00 and gave the stock an "outperform" rating in a research report on Friday, June 20th. UBS Group reiterated a "buy" rating on shares of Cameco in a research report on Tuesday, June 10th. Finally, Desjardins initiated coverage on shares of Cameco in a research report on Friday, April 4th. They issued a "buy" rating for the company. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $80.65.

Cameco Price Performance

CCJ stock opened at $73.02 on Monday. Cameco Corporation has a one year low of $35.00 and a one year high of $75.42. The company's fifty day moving average price is $59.91 and its 200-day moving average price is $50.97. 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 has a market capitalization of $31.79 billion, a PE ratio of 182.55 and a beta of 1.03.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its earnings results on Thursday, May 1st. The basic materials company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.07). Cameco had a return on equity of 4.47% and a net margin of 7.50%. The company had revenue of $549.58 million during the quarter, compared to analysts' expectations of $890.07 million. During the same period last year, the firm posted $0.13 EPS. Cameco's quarterly revenue was up 24.4% compared to the same quarter last year. On average, equities analysts anticipate 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.

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