Cameco Corporation $CCJ Shares Sold by Klein Pavlis & Peasley Financial Inc.

Klein Pavlis & Peasley Financial Inc. trimmed its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 14.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,421 shares of the basic materials company’s stock after selling 11,254 shares during the quarter. Cameco comprises approximately 4.1% of Klein Pavlis & Peasley Financial Inc.’s holdings, making the stock its 2nd largest position. Klein Pavlis & Peasley Financial Inc.’s holdings in Cameco were worth $7,431,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Sterling Capital Management LLC bought a new stake in Cameco during the first quarter valued at about $30,000. Nisa Investment Advisors LLC bought a new position in shares of Cameco in the fourth quarter worth about $25,000. Brown Lisle Cummings Inc. lifted its position in shares of Cameco by 3,200.0% during the 1st quarter. Brown Lisle Cummings Inc. now owns 297 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 288 shares during the last quarter. Founders Capital Management bought a new stake in Cameco during the 4th quarter valued at approximately $27,000. Finally, Mcguire Capital Advisors Inc. bought a new stake in Cameco during the 4th quarter valued at approximately $28,000. Institutional investors own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CCJ. Scotiabank reiterated an “outperform” rating and set a $175.00 price target on shares of Cameco in a report on Wednesday, May 6th. TD Securities cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. William Blair began coverage on shares of Cameco in a research report on Monday, April 20th. They issued an “outperform” rating on the stock. Weiss Ratings downgraded shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Finally, Canadian Imperial Bank of Commerce lifted their target price on Cameco to $202.00 in a research report on Monday, March 9th. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $148.92.

Cameco Stock Performance

NYSE:CCJ opened at $103.55 on Tuesday. The firm has a market capitalization of $45.10 billion, a PE ratio of 95.88, a price-to-earnings-growth ratio of 1.91 and a beta of 0.99. 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 $68.96 and a 12-month high of $135.24. The firm has a 50-day moving average price of $111.17 and a 200 day moving average price of $110.53.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.05. The company had revenue of $607.49 million for the quarter, compared to analyst estimates of $598.63 million. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The company’s revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.16 EPS. Research analysts anticipate that Cameco Corporation will post 1.21 earnings per share for the current fiscal year.

Cameco Company 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.