Main Street Research LLC Purchases 7,209 Shares of Cameco Corporation $CCJ

Main Street Research LLC increased its position in Cameco Corporation (NYSE:CCJFree Report) (TSE:CCO) by 1.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 389,077 shares of the basic materials company’s stock after purchasing an additional 7,209 shares during the period. Cameco accounts for 2.5% of Main Street Research LLC’s portfolio, making the stock its 20th biggest position. Main Street Research LLC owned approximately 0.09% of Cameco worth $42,258,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Kestra Advisory Services LLC lifted its position in Cameco by 15.6% during the first quarter. Kestra Advisory Services LLC now owns 145,242 shares of the basic materials company’s stock valued at $15,775,000 after buying an additional 19,558 shares during the period. Money Concepts Capital Corp grew its position in shares of Cameco by 102.9% in the 1st quarter. Money Concepts Capital Corp now owns 5,530 shares of the basic materials company’s stock worth $601,000 after buying an additional 2,804 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Cameco by 35.2% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 535,743 shares of the basic materials company’s stock worth $58,187,000 after acquiring an additional 139,592 shares in the last quarter. Frank Rimerman Advisors LLC increased its stake in shares of Cameco by 1.0% in the 1st quarter. Frank Rimerman Advisors LLC now owns 17,516 shares of the basic materials company’s stock worth $1,902,000 after acquiring an additional 174 shares in the last quarter. Finally, Montag A & Associates Inc. lifted its position in Cameco by 7.8% during the 1st quarter. Montag A & Associates Inc. now owns 1,940 shares of the basic materials company’s stock valued at $211,000 after acquiring an additional 140 shares during the period. Institutional investors own 70.21% of the company’s stock.

Cameco Trading Up 1.1%

NYSE:CCJ opened at $95.78 on Friday. The stock has a market cap of $41.72 billion, a price-to-earnings ratio of 88.69, a PEG ratio of 1.74 and a beta of 1.02. The company has a quick ratio of 2.09, a current ratio of 3.08 and a debt-to-equity ratio of 0.14. The company’s 50 day moving average price is $107.21 and its 200-day moving average price is $110.91. Cameco Corporation has a 52 week low of $68.96 and a 52 week high of $135.24.

Cameco (NYSE:CCJGet Free Report) (TSE:CCO) last announced its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. The company had revenue of $607.49 million during the quarter, compared to analyst estimates of $598.63 million. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.16 EPS. On average, equities research analysts forecast that Cameco Corporation will post 1.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on CCJ. Sanford C. Bernstein reissued an “outperform” rating and set a $135.00 price objective on shares of Cameco in a research note on Monday, June 15th. Barclays assumed coverage on shares of Cameco in a report on Thursday, May 21st. They set an “equal weight” rating and a $108.00 target price for the company. Bank of America dropped their price target on Cameco from $143.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday. Scotiabank restated an “outperform” rating and issued a $175.00 price target on shares of Cameco in a research note on Wednesday, May 6th. Finally, Royal Bank Of Canada raised their price objective on Cameco from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Twelve 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $148.11.

View Our Latest Stock Report on CCJ

Cameco Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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