Insigneo Advisory Services LLC Purchases New Shares in Cameco Corporation (NYSE:CCJ)

Insigneo Advisory Services LLC bought a new stake in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,275 shares of the basic materials company's stock, valued at approximately $382,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new stake in Cameco during the 4th quarter worth about $4,647,000. Vontobel Holding Ltd. boosted its position in shares of Cameco by 10.4% during the 4th quarter. Vontobel Holding Ltd. now owns 15,735 shares of the basic materials company's stock valued at $808,000 after purchasing an additional 1,485 shares in the last quarter. Principal Securities Inc. boosted its position in shares of Cameco by 132.9% during the 4th quarter. Principal Securities Inc. now owns 1,742 shares of the basic materials company's stock valued at $90,000 after purchasing an additional 994 shares in the last quarter. Allworth Financial LP grew its stake in Cameco by 192.7% during the fourth quarter. Allworth Financial LP now owns 3,480 shares of the basic materials company's stock worth $196,000 after purchasing an additional 2,291 shares during the period. Finally, Sierra Ocean LLC bought a new stake in Cameco in the fourth quarter worth approximately $25,000. Institutional investors own 70.21% of the company's stock.

Cameco Stock Up 0.6%

CCJ traded up $0.42 during trading on Thursday, hitting $69.67. 4,388,478 shares of the company's stock were exchanged, compared to its average volume of 4,402,453. Cameco Corporation has a fifty-two week low of $35.00 and a fifty-two week high of $71.31. The stock has a market cap of $30.33 billion, a P/E ratio of 174.17 and a beta of 0.97. The business's 50 day moving average is $52.55 and its two-hundred day moving average is $49.79. The company has a quick ratio of 1.26, a current ratio of 2.70 and a debt-to-equity ratio of 0.15.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted 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 business had revenue of $549.58 million for the quarter, compared to the consensus estimate of $890.07 million. During the same period in the previous year, the firm earned $0.13 earnings per share. The company's revenue was up 24.4% on a year-over-year basis. As a group, equities analysts expect that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Royal Bank Of Canada restated an "outperform" rating and set a $90.00 price target on shares of Cameco in a report on Tuesday, March 4th. The Goldman Sachs Group boosted their target price on shares of Cameco from $65.00 to $78.00 and gave the company a "buy" rating in a research report on Wednesday, June 11th. Desjardins began coverage on shares of Cameco in a research note on Friday, April 4th. They set a "buy" rating on the stock. Sanford C. Bernstein set a $70.00 price target on shares of Cameco and gave the company an "outperform" rating in a research note on Tuesday, June 10th. Finally, Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $75.63.

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.