Pekin Hardy Strauss Inc. Trims Position in Cameco Corporation (NYSE:CCJ)

Pekin Hardy Strauss Inc. lowered its position in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 3.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 336,940 shares of the basic materials company's stock after selling 11,918 shares during the quarter. Cameco comprises approximately 1.7% of Pekin Hardy Strauss Inc.'s portfolio, making the stock its 4th biggest position. Pekin Hardy Strauss Inc. owned 0.08% of Cameco worth $13,868,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. U.S. Capital Wealth Advisors LLC lifted its holdings in shares of Cameco by 0.9% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 39,683 shares of the basic materials company's stock valued at $1,633,000 after purchasing an additional 354 shares during the last quarter. TD Private Client Wealth LLC bought a new position in Cameco during the 1st quarter valued at approximately $107,000. Envestnet Asset Management Inc. increased its holdings in shares of Cameco by 66.9% during the first quarter. Envestnet Asset Management Inc. now owns 447,581 shares of the basic materials company's stock valued at $18,422,000 after acquiring an additional 179,387 shares in the last quarter. Penserra Capital Management LLC raised its position in shares of Cameco by 47.3% in the 1st quarter. Penserra Capital Management LLC now owns 54,285 shares of the basic materials company's stock worth $2,233,000 after purchasing an additional 17,423 shares during the last quarter. Finally, Riggs Asset Managment Co. Inc. raised its position in shares of Cameco by 0.8% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 42,418 shares of the basic materials company's stock worth $1,746,000 after purchasing an additional 332 shares during the last quarter. Institutional investors own 70.21% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on CCJ. The Goldman Sachs Group lifted their target price on shares of Cameco from $65.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th. Stifel Canada raised Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. Sanford C. Bernstein set a $70.00 target price on Cameco and gave the company an "outperform" rating in a research note on Tuesday, June 10th. Royal Bank Of Canada lifted their target price on Cameco from $90.00 to $100.00 and gave the stock an "outperform" rating in a report on Friday, June 20th. Finally, Raymond James Financial reaffirmed an "outperform" rating on shares of Cameco in a research report on Wednesday, June 18th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $80.65.

Cameco Stock Performance

Shares of CCJ stock traded down $3.26 during mid-day trading on Tuesday, reaching $71.93. 6,420,320 shares of the company's stock traded hands, compared to its average volume of 4,546,499. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.26 and a current ratio of 2.70. The firm has a market capitalization of $31.31 billion, a PE ratio of 179.83 and a beta of 1.03. Cameco Corporation has a 12 month low of $35.00 and a 12 month high of $75.67. The firm has a 50 day moving average price of $60.51 and a two-hundred day moving average price of $51.13.

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). The company had revenue of $549.58 million during the quarter, compared to the consensus estimate of $890.07 million. Cameco had a return on equity of 4.47% and a net margin of 7.50%. The firm's quarterly revenue was up 24.4% compared to the same quarter last year. During the same period last year, the business earned $0.13 EPS. On average, research analysts forecast that Cameco Corporation will post 1.27 EPS for the current year.

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.