Cameco Co. (NYSE:CCJ) Shares Sold by Kercheville Advisors LLC

Kercheville Advisors LLC trimmed its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 11.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,709 shares of the basic materials company’s stock after selling 2,200 shares during the period. Kercheville Advisors LLC’s holdings in Cameco were worth $688,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC grew its holdings in shares of Cameco by 583.2% in the 1st quarter. FNY Investment Advisers LLC now owns 21,500 shares of the basic materials company’s stock worth $884,000 after acquiring an additional 18,353 shares during the last quarter. Keystone Wealth Services LLC lifted its stake in Cameco by 35.3% during the first quarter. Keystone Wealth Services LLC now owns 7,288 shares of the basic materials company’s stock valued at $300,000 after buying an additional 1,903 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of Cameco by 76.9% in the first quarter. Exchange Traded Concepts LLC now owns 380,088 shares of the basic materials company’s stock worth $15,644,000 after buying an additional 165,191 shares during the period. Foster Victor Wealth Advisors LLC lifted its position in shares of Cameco by 21.2% in the 1st quarter. Foster Victor Wealth Advisors LLC now owns 188,355 shares of the basic materials company’s stock valued at $7,692,000 after acquiring an additional 32,949 shares in the last quarter. Finally, Tcfg Wealth Management LLC grew its position in Cameco by 11.7% during the 1st quarter. Tcfg Wealth Management LLC now owns 30,300 shares of the basic materials company’s stock worth $1,247,000 after purchasing an additional 3,175 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analysts Set New Price Targets

CCJ has been the topic of several research analyst reports. Scotiabank reaffirmed an “outperform” rating on shares of Cameco in a research note on Wednesday, May 14th. UBS Group reaffirmed a “buy” rating on shares of Cameco in a research note on Tuesday, June 10th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $90.00 target price on shares of Cameco in a research report on Tuesday, March 4th. Glj Research reiterated a “buy” rating and set a $75.27 price target on shares of Cameco in a report on Thursday, June 12th. Finally, Desjardins initiated coverage on shares of Cameco in a research report on Friday, April 4th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $75.63.

Cameco Trading Up 4.1%

NYSE:CCJ opened at $69.41 on Tuesday. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The company’s 50 day moving average is $51.37 and its 200-day moving average is $49.52. The firm has a market cap of $30.22 billion, a price-to-earnings ratio of 247.89 and a beta of 0.97. Cameco Co. has a 12 month low of $35.00 and a 12 month high of $71.31.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results 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). The firm had revenue of $549.58 million for the quarter, compared to analyst estimates of $890.07 million. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The firm’s revenue was up 24.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.13 EPS. Equities analysts anticipate that Cameco Co. will post 1.27 EPS for the current 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.