Jupiter Wealth Management LLC Invests $514,000 in Cameco Co. (NYSE:CCJ)

Jupiter Wealth Management LLC acquired a new stake in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,000 shares of the basic materials company's stock, valued at approximately $514,000.

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

Cameco Stock Down 2.8%

Shares of CCJ stock traded down $1.71 on Thursday, hitting $58.70. The stock had a trading volume of 4,018,226 shares, compared to its average volume of 4,206,010. Cameco Co. has a one year low of $35.00 and a one year high of $62.55. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The company has a market cap of $25.55 billion, a PE ratio of 209.55 and a beta of 0.89. The business has a 50 day moving average price of $45.72 and a 200 day moving average price of $49.07.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly earnings data 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 4.34% and a net margin of 5.39%. The firm had revenue of $549.58 million for the quarter, compared to the consensus estimate of $890.07 million. During the same quarter last year, the firm earned $0.13 EPS. The company's revenue was up 24.4% compared to the same quarter last year. Research analysts anticipate that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CCJ shares. Royal Bank of Canada reissued an "outperform" rating and issued a $90.00 target price on shares of Cameco in a research note on Tuesday, March 4th. Scotiabank reiterated an "outperform" rating on shares of Cameco in a research report on Wednesday, May 14th. Desjardins initiated coverage on Cameco in a report on Friday, April 4th. They set a "buy" rating on the stock. Sanford C. Bernstein assumed coverage on Cameco in a research note on Tuesday, April 1st. They issued an "outperform" rating and a $52.00 target price for the company. Finally, Wall Street Zen raised Cameco from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $70.53.

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.