HighTower Advisors LLC Has $32.76 Million Stake in Cameco Corporation $CCJ

HighTower Advisors LLC grew its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 20.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 358,084 shares of the basic materials company’s stock after purchasing an additional 61,619 shares during the period. HighTower Advisors LLC owned about 0.08% of Cameco worth $32,761,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Nisa Investment Advisors LLC acquired a new position in shares of Cameco in the 4th quarter valued at about $25,000. Founders Capital Management acquired a new position in shares of Cameco in the 4th quarter valued at about $27,000. Strategic Advocates LLC acquired a new position in shares of Cameco in the 3rd quarter valued at about $28,000. Sunbelt Securities Inc. increased its holdings in shares of Cameco by 928.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 325 shares during the period. Finally, Delos Wealth Advisors LLC increased its holdings in shares of Cameco by 60.0% in the 3rd quarter. Delos Wealth Advisors LLC now owns 400 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CCJ shares. Barclays started coverage on Cameco in a report on Thursday. They issued an “equal weight” rating and a $108.00 target price on the stock. Weiss Ratings downgraded Cameco from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Royal Bank Of Canada increased their price objective on Cameco from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. The Goldman Sachs Group restated a “buy” rating and issued a $131.00 price objective on shares of Cameco in a report on Wednesday, February 4th. Finally, Zacks Research downgraded Cameco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.62.

Cameco Trading Down 0.6%

NYSE:CCJ opened at $104.71 on Friday. The stock’s 50 day moving average price is $113.20 and its 200 day moving average price is $107.18. Cameco Corporation has a 52 week low of $55.11 and a 52 week high of $135.24. The company has a market capitalization of $45.61 billion, a P/E ratio of 96.96, a P/E/G ratio of 1.78 and a beta of 1.04. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.09 and a current ratio of 3.08.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 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 the consensus estimate of $598.63 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. On average, research analysts forecast that Cameco Corporation will post 1.32 EPS 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.