Kingsview Wealth Management LLC purchased a new stake in Cameco Corporation (NYSE:CCJ – Free Report) (TSE:CCO) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 6,497 shares of the basic materials company’s stock, valued at approximately $662,000.
Several other large investors have also recently made changes to their positions in the stock. Clearstead Advisors LLC raised its position in Cameco by 0.8% in the fourth quarter. Clearstead Advisors LLC now owns 10,158 shares of the basic materials company’s stock valued at $929,000 after purchasing an additional 85 shares during the period. HB Wealth Management LLC boosted its position in shares of Cameco by 3.1% during the first quarter. HB Wealth Management LLC now owns 3,560 shares of the basic materials company’s stock worth $387,000 after buying an additional 107 shares during the period. Groupama Asset Managment boosted its position in shares of Cameco by 5.9% during the fourth quarter. Groupama Asset Managment now owns 1,928 shares of the basic materials company’s stock worth $176,000 after buying an additional 108 shares during the period. Midwest Trust Co grew its stake in shares of Cameco by 4.8% in the fourth quarter. Midwest Trust Co now owns 2,522 shares of the basic materials company’s stock valued at $231,000 after buying an additional 116 shares in the last quarter. Finally, Syon Capital LLC grew its stake in shares of Cameco by 1.5% in the fourth quarter. Syon Capital LLC now owns 8,246 shares of the basic materials company’s stock valued at $754,000 after buying an additional 125 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. Bank of America decreased 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. Barclays dropped their target price on Cameco from $104.00 to $97.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 4th. Truist Financial increased their price target on shares of Cameco from $129.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Royal Bank Of Canada upped their target price on shares of Cameco from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. Finally, Citigroup reissued a “positive” rating on shares of Cameco in a research report on Wednesday, July 15th. Thirteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Cameco has a consensus rating of “Moderate Buy” and an average target price of $145.68.
Cameco Stock Performance
Shares of CCJ opened at $100.07 on Monday. Cameco Corporation has a 1 year low of $73.20 and a 1 year high of $135.24. The stock has a market capitalization of $43.58 billion, a PE ratio of 169.61, a PEG ratio of 1.71 and a beta of 1.05. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.10 and a current ratio of 3.06. The stock has a 50-day simple moving average of $96.00 and a 200-day simple moving average of $106.98.
Cameco (NYSE:CCJ – Get Free Report) (TSE:CCO) last released its earnings results on Friday, July 31st. The basic materials company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.13). Cameco had a return on equity of 7.59% and a net margin of 10.20%.The firm had revenue of $573.06 million for the quarter, compared to analysts’ expectations of $579.60 million. During the same quarter in the previous year, the company posted $0.71 earnings per share. The firm’s quarterly revenue was down 6.8% on a year-over-year basis. On average, analysts predict that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.
Cameco 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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