Nicholson Meyer Capital Management Inc. Makes New $350,000 Investment in Cameco Corporation (NYSE:CCJ)

Nicholson Meyer Capital Management Inc. purchased a new stake in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,500 shares of the basic materials company's stock, valued at approximately $350,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC raised its holdings in Cameco by 37.4% during the 4th quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company's stock valued at $43,000 after acquiring an additional 226 shares during the period. Two Sigma Investments LP boosted its holdings in shares of Cameco by 0.5% in the fourth quarter. Two Sigma Investments LP now owns 50,438 shares of the basic materials company's stock worth $2,592,000 after acquiring an additional 238 shares during the period. Heritage Wealth Management Inc. grew its position in shares of Cameco by 0.8% in the fourth quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company's stock valued at $1,587,000 after purchasing an additional 250 shares in the last quarter. Highview Capital Management LLC DE grew its position in shares of Cameco by 5.0% in the fourth quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company's stock valued at $321,000 after purchasing an additional 300 shares in the last quarter. Finally, MinichMacGregor Wealth Management LLC raised its stake in shares of Cameco by 5.0% during the 1st quarter. MinichMacGregor Wealth Management LLC now owns 6,372 shares of the basic materials company's stock valued at $262,000 after purchasing an additional 304 shares during the period. Institutional investors own 70.21% of the company's stock.

Cameco Trading Down 1.6%

NYSE CCJ opened at $73.25 on Monday. The company has a quick ratio of 1.26, a current ratio of 2.70 and a debt-to-equity ratio of 0.15. The stock's 50-day simple moving average is $56.83 and its two-hundred day simple moving average is $50.29. Cameco Corporation has a twelve month low of $35.00 and a twelve month high of $75.42. The company has a market capitalization of $31.89 billion, a price-to-earnings ratio of 183.12 and a beta of 0.97.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings data 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 firm had revenue of $549.58 million for 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%. The business's quarterly revenue was up 24.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 earnings per share. Research analysts forecast that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Wall Street Zen upgraded Cameco from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Glj Research restated a "buy" rating and issued a $75.27 price objective on shares of Cameco in a research report on Thursday, June 12th. Scotiabank reaffirmed an "outperform" rating on shares of Cameco in a research note on Wednesday, May 14th. Stifel Nicolaus assumed coverage on shares of Cameco in a report on Wednesday, March 12th. They issued a "buy" rating for the company. Finally, Royal Bank Of Canada boosted their price target on shares of Cameco from $90.00 to $100.00 and gave the company an "outperform" rating in a research report on Friday, June 20th. 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 company. According to MarketBeat, Cameco presently has an average rating of "Buy" and a consensus target price of $80.65.

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.

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