Trek Financial LLC Acquires 12,702 Shares of Cameco Corporation $CCJ

Trek Financial LLC lifted its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 36.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 47,822 shares of the basic materials company’s stock after purchasing an additional 12,702 shares during the period. Trek Financial LLC’s holdings in Cameco were worth $4,375,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Nisa Investment Advisors LLC bought a new stake in shares of Cameco during the fourth quarter worth $25,000. Founders Capital Management bought a new stake in shares of Cameco during the fourth quarter worth $27,000. Strategic Advocates LLC bought a new stake in shares of Cameco during the third quarter worth $28,000. Sunbelt Securities Inc. grew its holdings in shares of Cameco by 928.6% during the third quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 325 shares during the last quarter. Finally, Delos Wealth Advisors LLC grew its holdings in shares of Cameco by 60.0% during the third quarter. Delos Wealth Advisors LLC now owns 400 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 150 shares during the last quarter. Institutional investors own 70.21% of the company’s stock.

Cameco Price Performance

Cameco stock opened at $120.22 on Tuesday. The company has a quick ratio of 2.09, a current ratio of 3.08 and a debt-to-equity ratio of 0.14. Cameco Corporation has a 12-month low of $50.03 and a 12-month high of $135.24. The stock has a market cap of $52.36 billion, a price-to-earnings ratio of 111.31, a P/E/G ratio of 2.11 and a beta of 1.04. The business’s 50-day simple moving average is $114.86 and its 200 day simple moving average is $106.46.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The firm had revenue of $607.49 million for the quarter, compared to analysts’ expectations of $598.63 million. During the same quarter last year, the business earned $0.16 earnings per share. The company’s revenue was up 7.1% compared to the same quarter last year. As a group, research analysts anticipate that Cameco Corporation will post 1.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Sanford C. Bernstein restated an “outperform” rating and set a $147.00 target price on shares of Cameco in a report on Thursday, February 5th. Zacks Research cut Cameco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. Weiss Ratings cut Cameco from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Scotiabank restated an “outperform” rating and set a $175.00 target price on shares of Cameco in a report on Wednesday, May 6th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $131.00 target price on shares of Cameco in a report on Wednesday, February 4th. Eleven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $153.13.

About Cameco

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.