Cameco Corporation (NYSE:CCJ) Position Lessened by Sage Rhino Capital LLC

Sage Rhino Capital LLC decreased its holdings in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 21.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,768 shares of the basic materials company's stock after selling 4,755 shares during the period. Sage Rhino Capital LLC's holdings in Cameco were worth $731,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in CCJ. Hurley Capital LLC acquired a new position in Cameco in the 4th quarter valued at about $27,000. Copia Wealth Management purchased a new position in shares of Cameco in the 4th quarter valued at about $39,000. Ameriflex Group Inc. purchased a new stake in Cameco during the fourth quarter worth approximately $40,000. Larson Financial Group LLC lifted its stake in Cameco by 37.4% during the fourth quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company's stock worth $43,000 after purchasing an additional 226 shares during the last quarter. Finally, CoreCap Advisors LLC increased its position in Cameco by 8,363.6% during the fourth quarter. CoreCap Advisors LLC now owns 931 shares of the basic materials company's stock worth $48,000 after buying an additional 920 shares during the period. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Stock Up 2.6%

Shares of CCJ stock traded up $1.84 during trading hours on Friday, reaching $72.66. The company had a trading volume of 4,030,292 shares, compared to its average volume of 4,571,949. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.26 and a current ratio of 2.70. 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 $31.63 billion, a P/E ratio of 181.65 and a beta of 1.03. The stock's fifty day simple moving average is $62.58 and its 200 day simple moving average is $51.66.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued 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). Cameco had a net margin of 7.50% and a return on equity of 4.47%. The business had revenue of $549.58 million for the quarter, compared to analyst estimates of $890.07 million. During the same quarter last year, the business earned $0.13 EPS. Cameco's revenue for the quarter was up 24.4% compared to the same quarter last year. As a group, sell-side analysts expect that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Royal Bank Of Canada upped their price target on Cameco from $90.00 to $100.00 and gave the stock an "outperform" rating in a research note on Friday, June 20th. Sanford C. Bernstein set a $70.00 target price on Cameco and gave the company an "outperform" rating in a report on Tuesday, June 10th. Wall Street Zen upgraded Cameco from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Raymond James Financial restated an "outperform" rating on shares of Cameco in a research report on Wednesday, June 18th. Finally, Scotiabank reiterated an "outperform" rating on shares of Cameco in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Cameco has an average rating of "Buy" and an average 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.