Legacy Capital Group California Inc. Has $390,000 Holdings in Cameco Corporation $CCJ

Legacy Capital Group California Inc. trimmed its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 61.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,266 shares of the basic materials company’s stock after selling 6,941 shares during the quarter. Legacy Capital Group California Inc.’s holdings in Cameco were worth $390,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Financial Consulate Inc. bought a new stake in Cameco in the third quarter worth approximately $25,000. Nisa Investment Advisors LLC bought a new position in shares of Cameco during the 4th quarter worth approximately $25,000. Founders Capital Management bought a new position in shares of Cameco during the 4th quarter worth approximately $27,000. Strategic Advocates LLC bought a new stake in shares of Cameco in the 3rd quarter valued at $28,000. Finally, Sunbelt Securities Inc. increased its stake in shares of Cameco by 928.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 325 shares in the last quarter. Institutional investors own 70.21% of the company’s stock.

Analyst Ratings Changes

CCJ has been the topic of several research analyst reports. Zacks Research lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Raymond James Financial reaffirmed an “outperform” rating on shares of Cameco in a research note on Wednesday, January 14th. Royal Bank Of Canada upped their price objective on shares of Cameco from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. TD Securities downgraded Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Finally, Glj Research reaffirmed a “buy” rating and issued a $171.20 target price (up from $100.00) on shares of Cameco in a research report on Wednesday, February 18th. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Cameco currently has an average rating of “Moderate Buy” and an average target price of $150.40.

Cameco Stock Performance

Shares of Cameco stock opened at $123.68 on Friday. Cameco Corporation has a 52 week low of $42.10 and a 52 week high of $135.24. The company has a quick ratio of 1.68, a current ratio of 2.47 and a debt-to-equity ratio of 0.14. The business has a 50 day moving average price of $114.47 and a 200-day moving average price of $104.03. The company has a market cap of $53.87 billion, a PE ratio of 127.51 and a beta of 1.02.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Friday, February 13th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.07. The business had revenue of $874.57 million during the quarter, compared to the consensus estimate of $782.13 million. Cameco had a return on equity of 9.35% and a net margin of 17.00%.Cameco’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.36 earnings per share. Equities analysts anticipate that Cameco Corporation will post 1.48 earnings per share for the current fiscal year.

Cameco Company Profile

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.