Foster Victor Wealth Advisors LLC Increases Stock Position in Cameco Co. (NYSE:CCJ)

Foster Victor Wealth Advisors LLC lifted its holdings in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 21.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 188,355 shares of the basic materials company's stock after buying an additional 32,949 shares during the quarter. Foster Victor Wealth Advisors LLC's holdings in Cameco were worth $7,692,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Sierra Ocean LLC purchased a new stake in shares of Cameco during the 4th quarter valued at approximately $25,000. Hurley Capital LLC purchased a new stake in shares of Cameco during the 4th quarter valued at approximately $27,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Cameco during the 4th quarter valued at approximately $28,000. Whipplewood Advisors LLC purchased a new stake in shares of Cameco during the 4th quarter valued at approximately $33,000. Finally, Compass Planning Associates Inc purchased a new stake in shares of Cameco during the 4th quarter valued at approximately $36,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Price Performance

Cameco stock opened at $66.60 on Friday. The company has a market cap of $28.99 billion, a price-to-earnings ratio of 237.85 and a beta of 0.97. The firm's fifty day moving average is $50.71 and its 200 day moving average is $49.51. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. Cameco Co. has a 52-week low of $35.00 and a 52-week high of $68.12.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings results 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 5.39% and a return on equity of 4.34%. The business had revenue of $549.58 million for the quarter, compared to analysts' expectations of $890.07 million. During the same period in the previous year, the company earned $0.13 EPS. Cameco's revenue for the quarter was up 24.4% compared to the same quarter last year. Sell-side analysts forecast that Cameco Co. will post 1.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on CCJ shares. Stifel Nicolaus started coverage on shares of Cameco in a research note on Wednesday, March 12th. They issued a "buy" rating on the stock. The Goldman Sachs Group increased their target price on shares of Cameco from $65.00 to $78.00 and gave the stock a "buy" rating in a research note on Wednesday. Sanford C. Bernstein set a $70.00 target price on shares of Cameco and gave the stock an "outperform" rating in a research note on Tuesday. Royal Bank of Canada reiterated an "outperform" rating and issued a $90.00 target price on shares of Cameco in a research note on Tuesday, March 4th. 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 given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, Cameco has a consensus rating of "Buy" and an average price target of $75.63.

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.

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