LPL Financial LLC grew its position in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 161.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 643,011 shares of the basic materials company's stock after acquiring an additional 397,002 shares during the quarter. LPL Financial LLC owned about 0.15% of Cameco worth $26,466,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of CCJ. Country Club Bank raised its stake in Cameco by 0.5% during the 1st quarter. Country Club Bank now owns 43,553 shares of the basic materials company's stock valued at $1,822,000 after acquiring an additional 224 shares during the last quarter. Two Sigma Investments LP raised its stake in shares of Cameco by 0.5% during the fourth quarter. Two Sigma Investments LP now owns 50,438 shares of the basic materials company's stock worth $2,592,000 after purchasing an additional 238 shares during the last quarter. Highview Capital Management LLC DE lifted its holdings in shares of Cameco by 5.0% during the fourth quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company's stock worth $321,000 after purchasing an additional 300 shares during the period. MinichMacGregor Wealth Management LLC lifted its holdings in shares of Cameco by 5.0% during the first quarter. MinichMacGregor Wealth Management LLC now owns 6,372 shares of the basic materials company's stock worth $262,000 after purchasing an additional 304 shares during the period. Finally, Freedom Investment Management Inc. grew its position in Cameco by 5.3% in the 4th quarter. Freedom Investment Management Inc. now owns 6,230 shares of the basic materials company's stock valued at $320,000 after buying an additional 312 shares during the last quarter. 70.21% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the stock. Raymond James Financial restated an "outperform" rating on shares of Cameco in a research report on Wednesday, June 18th. The Goldman Sachs Group increased their price target on shares of Cameco from $65.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th. Royal Bank Of Canada lifted their price objective on Cameco from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Friday. UBS Group reissued a "buy" rating on shares of Cameco in a research note on Tuesday, June 10th. Finally, Scotiabank restated an "outperform" rating on shares of Cameco in a research note on Tuesday, July 8th. Ten investment analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Cameco has an average rating of "Buy" and an average target price of $82.65.
Check Out Our Latest Research Report on Cameco
Cameco Stock Performance
Shares of CCJ stock opened at $72.97 on Monday. The stock has a fifty day moving average price of $70.40 and a 200 day moving average price of $54.41. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.00 and a current ratio of 2.96. The stock has a market cap of $31.77 billion, a PE ratio of 83.87 and a beta of 1.06. Cameco Corporation has a 1 year low of $35.00 and a 1 year high of $80.32.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.22. Cameco had a return on equity of 8.21% and a net margin of 14.97%. The business had revenue of $467.72 million during the quarter, compared to the consensus estimate of $819.79 million. During the same quarter in the previous year, the company posted $0.14 EPS. The business's revenue was up 46.7% on a year-over-year basis. Sell-side analysts forecast that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.
About Cameco
(
Free Report)
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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