Cameco Corporation (NYSE:CCJ) Shares Acquired by Goehring & Rozencwajg Associates LLC

Goehring & Rozencwajg Associates LLC boosted its holdings in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 2.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 673,298 shares of the basic materials company's stock after buying an additional 14,669 shares during the quarter. Cameco accounts for 5.6% of Goehring & Rozencwajg Associates LLC's investment portfolio, making the stock its 6th largest position. Goehring & Rozencwajg Associates LLC owned approximately 0.15% of Cameco worth $30,197,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CCJ. Hurley Capital LLC purchased a new stake in shares of Cameco during the fourth quarter worth $27,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Cameco during the 4th quarter worth $28,000. Copia Wealth Management purchased a new stake in Cameco during the 4th quarter worth about $39,000. Ameriflex Group Inc. acquired a new stake in Cameco in the 4th quarter valued at about $40,000. Finally, Larson Financial Group LLC raised its position in Cameco by 37.4% in the 4th quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company's stock valued at $43,000 after purchasing an additional 226 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CCJ has been the subject of a number of analyst reports. Desjardins started coverage on Cameco in a research report on Friday, April 4th. They set a "buy" rating for the company. Royal Bank Of Canada lifted their price target on shares of Cameco from $90.00 to $100.00 and gave the stock an "outperform" rating in a research note on Friday, June 20th. Raymond James Financial reissued an "outperform" rating on shares of Cameco in a research report on Wednesday, June 18th. Sanford C. Bernstein set a $70.00 price objective on shares of Cameco and gave the company an "outperform" rating in a report on Tuesday, June 10th. Finally, UBS Group reiterated a "buy" rating on shares of Cameco in a research note on Tuesday, June 10th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $80.65.

Cameco Stock Up 1.9%

Shares of NYSE:CCJ traded up $1.36 during trading on Friday, hitting $73.02. 2,773,981 shares of the company were exchanged, compared to its average volume of 4,520,784. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.70 and a quick ratio of 1.26. The firm's 50 day moving average price is $59.33 and its 200-day moving average price is $50.85. The stock has a market capitalization of $31.79 billion, a P/E ratio of 182.55 and a beta of 1.03. Cameco Corporation has a 12-month low of $35.00 and a 12-month high of $75.42.

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 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07). The company had revenue of $549.58 million during the quarter, compared to analysts' expectations of $890.07 million. Cameco had a net margin of 7.50% and a return on equity of 4.47%. Cameco's revenue was up 24.4% on a year-over-year basis. During the same period last year, the firm earned $0.13 earnings per share. On average, research analysts predict that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

About Cameco

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.