Cameco Co. (NYSE:CCJ) Shares Sold by Vanguard Capital Wealth Advisors

Vanguard Capital Wealth Advisors trimmed its position in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 54.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,505 shares of the basic materials company's stock after selling 8,825 shares during the period. Vanguard Capital Wealth Advisors' holdings in Cameco were worth $309,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. FMR LLC raised its holdings 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 worth $1,163,942,000 after buying an additional 1,811,876 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Cameco by 1.1% during 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 during the last quarter. Vanguard Group Inc. raised its holdings in shares of Cameco by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 16,784,270 shares of the basic materials company's stock worth $862,997,000 after purchasing an additional 270,102 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Cameco by 13.5% in the fourth quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company's stock worth $518,443,000 after buying an additional 1,196,336 shares during the last quarter. Finally, Norges Bank acquired a new stake in Cameco during the fourth quarter worth about $188,595,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on CCJ shares. Stifel Canada raised shares of Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. Royal Bank of Canada restated an "outperform" rating and set a $90.00 price target on shares of Cameco in a research report on Tuesday, March 4th. Scotiabank reiterated an "outperform" rating on shares of Cameco in a research report on Wednesday, May 14th. Desjardins assumed coverage on shares of Cameco in a research report on Friday, April 4th. They issued a "buy" rating for the company. Finally, Glj Research upped their price objective on shares of Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $70.53.

Cameco Price Performance

Shares of NYSE CCJ traded up $0.41 during trading on Friday, hitting $60.44. The company had a trading volume of 3,316,576 shares, compared to its average volume of 4,234,136. The stock has a fifty day simple moving average of $48.02 and a two-hundred day simple moving average of $49.32. Cameco Co. has a fifty-two week low of $35.00 and a fifty-two week high of $62.55. The firm has a market capitalization of $26.31 billion, a price-to-earnings ratio of 215.86 and a beta of 0.97. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced 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). The company had revenue of $549.58 million during the quarter, compared to analyst estimates of $890.07 million. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The firm's revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.13 EPS. On average, research analysts expect that Cameco Co. will post 1.27 earnings per share 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.