Walser Wealth Management Company A Ltd Liability Co boosted its stake in Cameco Corporation (NYSE:CCJ – Free Report) (TSE:CCO) by 459.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,173 shares of the basic materials company’s stock after acquiring an additional 16,566 shares during the quarter. Cameco comprises about 1.0% of Walser Wealth Management Company A Ltd Liability Co’s holdings, making the stock its 17th largest holding. Walser Wealth Management Company A Ltd Liability Co’s holdings in Cameco were worth $2,191,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of CCJ. Marietta Investment Partners LLC lifted its position in shares of Cameco by 32.6% during the first quarter. Marietta Investment Partners LLC now owns 19,203 shares of the basic materials company’s stock worth $2,086,000 after purchasing an additional 4,718 shares in the last quarter. Ascentis Independent Advisors acquired a new stake in Cameco during the 1st quarter valued at $143,000. Hardy Reed LLC purchased a new stake in Cameco during the 1st quarter worth $209,000. Lee Danner & Bass Inc. purchased a new stake in Cameco during the 1st quarter worth $9,232,000. Finally, K.J. Harrison & Partners Inc lifted its holdings in Cameco by 75.3% in the 1st quarter. K.J. Harrison & Partners Inc now owns 12,807 shares of the basic materials company’s stock worth $1,390,000 after buying an additional 5,500 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.
Cameco Stock Performance
CCJ traded down $3.29 during trading hours on Tuesday, hitting $94.20. 1,138,079 shares of the stock were exchanged, compared to its average volume of 3,668,696. The stock has a market cap of $41.03 billion, a price-to-earnings ratio of 86.93, a price-to-earnings-growth ratio of 1.76 and a beta of 1.02. The stock has a 50-day simple moving average of $108.73 and a 200-day simple moving average of $110.75. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.08 and a quick ratio of 2.09. Cameco Corporation has a 12 month low of $68.96 and a 12 month high of $135.24.
Analyst Ratings Changes
CCJ has been the subject of a number of analyst reports. Barclays initiated coverage on Cameco in a report on Thursday, May 21st. They issued an “equal weight” rating and a $108.00 price target for the company. Royal Bank Of Canada upped their target price on Cameco from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Scotiabank reiterated an “outperform” rating and set a $175.00 target price on shares of Cameco in a research note on Wednesday, May 6th. William Blair initiated coverage on Cameco in a research note on Monday, April 20th. They set an “outperform” rating for the company. Finally, TD Securities downgraded shares of Cameco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Cameco currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.92.
Check Out Our Latest Analysis on Cameco
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.
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