Sequoia Financial Advisors LLC Grows Stock Position in Cameco Corporation (NYSE:CCJ)

Sequoia Financial Advisors LLC boosted its stake in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 6.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 82,939 shares of the basic materials company's stock after buying an additional 4,807 shares during the period. Sequoia Financial Advisors LLC's holdings in Cameco were worth $3,414,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. JCIC Asset Management Inc. raised its holdings in Cameco by 129,352.9% during the 1st quarter. JCIC Asset Management Inc. now owns 90,617 shares of the basic materials company's stock valued at $3,731,000 after buying an additional 90,547 shares during the period. S.A. Mason LLC raised its holdings in Cameco by 12.0% during the 1st quarter. S.A. Mason LLC now owns 4,150 shares of the basic materials company's stock valued at $171,000 after buying an additional 445 shares during the period. Moran Wealth Management LLC raised its holdings in Cameco by 11.2% during the 1st quarter. Moran Wealth Management LLC now owns 48,636 shares of the basic materials company's stock valued at $2,002,000 after buying an additional 4,915 shares during the period. Balboa Wealth Partners raised its holdings in Cameco by 25.4% during the 1st quarter. Balboa Wealth Partners now owns 25,379 shares of the basic materials company's stock valued at $1,045,000 after buying an additional 5,139 shares during the period. Finally, Continuum Advisory LLC raised its holdings in Cameco by 39.3% during the 1st quarter. Continuum Advisory LLC now owns 43,886 shares of the basic materials company's stock valued at $1,806,000 after buying an additional 12,384 shares during the period. Hedge funds and other institutional investors own 70.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Wall Street Zen upgraded Cameco from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Stifel Canada upgraded Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. Sanford C. Bernstein set a $70.00 target price on Cameco and gave the stock an "outperform" rating in a research note on Tuesday, June 10th. Royal Bank Of Canada increased their target price on Cameco from $90.00 to $100.00 and gave the stock an "outperform" rating in a research note on Friday, June 20th. Finally, Raymond James Financial reiterated an "outperform" rating on shares of Cameco in a research note on Wednesday, June 18th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Cameco presently has a consensus rating of "Buy" and a consensus price target of $80.65.

Cameco Stock Performance

Shares of Cameco stock opened at $73.25 on Friday. The firm has a market cap of $31.89 billion, a P/E ratio of 183.12 and a beta of 0.97. The company has a current ratio of 2.70, a quick ratio of 1.26 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 $75.42. The stock's fifty day moving average price is $56.83 and its 200-day moving average price is $50.38.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings results 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 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 quarter in the prior year, the business posted $0.13 EPS. On average, equities research analysts expect that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

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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