Wealthfront Advisers LLC Buys Shares of 8,412 Cameco Corporation $CCJ

Wealthfront Advisers LLC acquired a new position in shares of Cameco Corporation (NYSE:CCJ – Free Report) (TSE:CCO) during the 2nd quarter, HoldingsChannel reports. The firm acquired 8,412 shares of the basic materials company’s stock, valued at approximately $857,000.

A number of other large investors have also recently bought and sold shares of CCJ. Norges Bank bought a new position in shares of Cameco during the fourth quarter valued at approximately $443,265,000. BlackRock Inc. bought a new stake in shares of Cameco in the 2nd quarter worth approximately $381,091,000. Marshall Wace LLP lifted its holdings in shares of Cameco by 7,481.3% in the 4th quarter. Marshall Wace LLP now owns 1,752,571 shares of the basic materials company’s stock worth $160,343,000 after purchasing an additional 1,729,454 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Cameco during the 2nd quarter valued at approximately $163,449,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Cameco by 14,338.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,112,080 shares of the basic materials company’s stock valued at $101,744,000 after purchasing an additional 1,104,378 shares during the period. Institutional investors own 70.21% of the company’s stock.

Get Cameco alerts:

Cameco Stock Performance

Shares of CCJ opened at $102.55 on Friday. The firm has a 50-day moving average price of $96.21 and a 200 day moving average price of $107.49. The firm has a market capitalization of $44.66 billion, a PE ratio of 173.81, a P/E/G ratio of 1.63 and a beta of 1.05. The company has a quick ratio of 2.10, a current ratio of 3.06 and a debt-to-equity ratio of 0.14. Cameco Corporation has a 52-week low of $72.75 and a 52-week high of $135.24.

Cameco (NYSE:CCJ – Get Free Report) (TSE:CCO) last announced its quarterly earnings data on Friday, July 31st. The basic materials company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.13). The business had revenue of $573.06 million for the quarter, compared to analyst estimates of $579.60 million. Cameco had a return on equity of 7.59% and a net margin of 10.20%.The company’s revenue was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 earnings per share. On average, sell-side analysts anticipate that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Bank of America cut their target price on Cameco from $143.00 to $140.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Weiss Ratings cut shares of Cameco from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. Wall Street Zen downgraded shares of Cameco from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Royal Bank Of Canada boosted their target price on shares of Cameco from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. Finally, Scotiabank restated an “outperform” rating and issued a $175.00 target price on shares of Cameco in a research report on Wednesday, May 6th. Fourteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $145.68.

Check Out Our Latest Report on Cameco

About Cameco

(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.

Recommended Stories

• Five stocks we like better than Cameco
• Blueprint for a Boom: SEC Clears the Crypto Runway
• Ross Stores Just Flipped the Off-Price Retail Story After TJX’s Marmaxx Miss
• Advance Auto Parts Plunged, But Its Turnaround Is Still Working
• Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates?

Want to see what other hedge funds are holding CCJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cameco Corporation (NYSE:CCJ – Free Report) (TSE:CCO).

Receive News & Ratings for Cameco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cameco and related companies with MarketBeat.com's FREE daily email newsletter.