Private Advisor Group LLC Grows Stock Position in Cameco Corporation (NYSE:CCJ)

Private Advisor Group LLC increased its position in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 30.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 85,008 shares of the basic materials company's stock after purchasing an additional 19,619 shares during the quarter. Private Advisor Group LLC's holdings in Cameco were worth $3,499,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CCJ. FMR LLC raised its stake in shares of Cameco by 8.7% in the fourth quarter. FMR LLC now owns 22,639,647 shares of the basic materials company's stock valued at $1,163,942,000 after buying an additional 1,811,876 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Cameco by 1.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,846,044 shares of the basic materials company's stock worth $865,729,000 after purchasing an additional 190,337 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Cameco by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 16,784,270 shares of the basic materials company's stock valued at $862,997,000 after purchasing an additional 270,102 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Cameco by 13.5% during the 4th quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company's stock valued at $518,443,000 after buying an additional 1,196,336 shares in the last quarter. Finally, Norges Bank purchased a new position in Cameco in the 4th quarter valued at approximately $188,595,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Price Performance

Shares of CCJ stock traded down $0.32 on Friday, reaching $79.60. The company's stock had a trading volume of 3,506,117 shares, compared to its average volume of 4,917,817. 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 Corporation has a 12-month low of $35.00 and a 12-month high of $80.06. The company has a market capitalization of $34.66 billion, a P/E ratio of 199.00 and a beta of 1.03. The stock's 50 day simple moving average is $68.07 and its 200-day simple moving average is $53.44.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings results 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). Cameco had a net margin of 7.50% and a return on equity of 4.47%. The firm had revenue of $549.58 million for the quarter, compared to analysts' expectations of $890.07 million. During the same quarter in the previous year, the business earned $0.13 EPS. The company's revenue for the quarter was up 24.4% on a year-over-year basis. As a group, equities analysts predict that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CCJ has been the subject of a number of analyst reports. Scotiabank reaffirmed an "outperform" rating on shares of Cameco in a report on Tuesday, July 8th. Raymond James Financial reaffirmed an "outperform" rating on shares of Cameco in a report on Wednesday, June 18th. Glj Research reaffirmed a "buy" rating and issued a $75.27 price target on shares of Cameco in a report on Thursday, June 12th. The Goldman Sachs Group raised their price target on Cameco from $65.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th. Finally, Desjardins initiated coverage on Cameco in a report on Friday, April 4th. They issued a "buy" rating for the company. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $80.65.

Cameco Company 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.