Trivium Point Advisory LLC Has $3.13 Million Stock Holdings in Cameco Corporation (NYSE:CCJ)

Trivium Point Advisory LLC boosted its position in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 73.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 75,929 shares of the basic materials company's stock after buying an additional 32,087 shares during the quarter. Trivium Point Advisory LLC's holdings in Cameco were worth $3,125,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CCJ. Envestnet Asset Management Inc. lifted its holdings in Cameco by 19.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 268,194 shares of the basic materials company's stock worth $13,782,000 after buying an additional 42,786 shares in the last quarter. Cerity Partners LLC lifted its holdings in Cameco by 9.5% during the 4th quarter. Cerity Partners LLC now owns 22,908 shares of the basic materials company's stock worth $1,146,000 after buying an additional 1,988 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Cameco during the 4th quarter worth $1,660,000. Advisory Services Network LLC lifted its holdings in Cameco by 97.6% during the 4th quarter. Advisory Services Network LLC now owns 8,598 shares of the basic materials company's stock worth $442,000 after buying an additional 4,246 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Cameco during the 4th quarter worth $34,440,000. Institutional investors and hedge funds own 70.21% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Wall Street Zen raised Cameco from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Scotiabank reissued an "outperform" rating on shares of Cameco in a research note on Tuesday, July 8th. Sanford C. Bernstein set a $70.00 price target on Cameco and gave the company an "outperform" rating in a research note on Tuesday, June 10th. BMO Capital Markets reissued an "outperform" rating on shares of Cameco in a research note on Tuesday, August 5th. Finally, Royal Bank Of Canada increased their price target on Cameco from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Twelve research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $82.65.

Cameco Stock Performance

Shares of Cameco stock opened at $75.64 on Thursday. The company has a market capitalization of $32.93 billion, a PE ratio of 86.94 and a beta of 1.06. Cameco Corporation has a 12 month low of $35.00 and a 12 month high of $80.32. The company has a current ratio of 2.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.15. The stock's fifty day simple moving average is $73.13 and its 200 day simple moving average is $55.63.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its earnings results on Thursday, July 31st. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.22. The firm had revenue of $467.72 million during the quarter, compared to analysts' expectations of $819.79 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%. The company's revenue was up 46.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 EPS. On average, research analysts predict that Cameco Corporation will post 1.27 EPS for the current year.

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.

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