Private Wealth Partners LLC Makes New Investment in Cameco Corporation (NYSE:CCJ)

Private Wealth Partners LLC bought a new position in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 20,165 shares of the basic materials company's stock, valued at approximately $830,000.

Several other institutional investors also recently bought and sold shares of CCJ. Hurley Capital LLC purchased a new position in shares of Cameco during the 4th quarter valued at approximately $27,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Cameco during the fourth quarter valued at $28,000. Whipplewood Advisors LLC purchased a new position in Cameco in the fourth quarter valued at $33,000. Compass Planning Associates Inc acquired a new position in shares of Cameco in the fourth quarter worth about $36,000. Finally, Copia Wealth Management purchased a new stake in shares of Cameco during the 4th quarter worth about $39,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CCJ shares. Glj Research reaffirmed a "buy" rating and issued a $75.27 price target on shares of Cameco in a report on Thursday, June 12th. Stifel Canada upgraded Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. Scotiabank reissued an "outperform" rating on shares of Cameco in a report on Wednesday, May 14th. Wall Street Zen upgraded shares of Cameco from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Finally, Sanford C. Bernstein set a $70.00 price target on shares of Cameco and gave the stock an "outperform" rating in a research report on Tuesday, June 10th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Cameco currently has a consensus rating of "Buy" and a consensus target price of $75.63.

Cameco Trading Up 0.6%

Shares of Cameco stock opened at $69.67 on Friday. Cameco Corporation has a 1-year low of $35.00 and a 1-year high of $71.31. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.70 and a quick ratio of 1.26. The stock has a market cap of $30.33 billion, a P/E ratio of 174.17 and a beta of 0.97. The stock's 50 day simple moving average is $53.17 and its 200-day simple moving average is $49.87.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its earnings results on Thursday, May 1st. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.07). Cameco had a net margin of 7.50% and a return on equity of 4.47%. The company had revenue of $549.58 million during the quarter, compared to analysts' expectations of $890.07 million. During the same quarter in the previous year, the company earned $0.13 earnings per share. The firm's quarterly revenue was up 24.4% compared to the same quarter last year. Analysts predict that Cameco Corporation will post 1.27 EPS for the current fiscal 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.

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