Apollon Wealth Management LLC Buys 6,628 Shares of Cameco Corporation $CCJ

Apollon Wealth Management LLC raised its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 249.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 9,286 shares of the basic materials company’s stock after buying an additional 6,628 shares during the period. Apollon Wealth Management LLC’s holdings in Cameco were worth $1,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Nisa Investment Advisors LLC bought a new stake in shares of Cameco during the 4th quarter worth about $25,000. Founders Capital Management acquired a new position in Cameco in the 4th quarter valued at about $27,000. Strategic Advocates LLC bought a new position in Cameco in the 3rd quarter valued at about $28,000. Mcguire Capital Advisors Inc. bought a new position in Cameco in the 4th quarter valued at about $28,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in Cameco by 30,700.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 307 shares during the last quarter. 70.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CCJ has been the subject of a number of research analyst reports. Weiss Ratings cut Cameco from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. William Blair initiated coverage on Cameco in a research note on Monday, April 20th. They set an “outperform” rating on the stock. TD Securities cut Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Royal Bank Of Canada boosted their price target on Cameco from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Barclays began coverage on Cameco in a report on Thursday, May 21st. They issued an “equal weight” rating and a $108.00 price objective on the stock. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.92.

Cameco Price Performance

CCJ stock opened at $96.36 on Friday. The company’s 50-day moving average price is $109.26 and its two-hundred day moving average price is $110.53. The firm has a market cap of $41.97 billion, a P/E ratio of 89.22, a P/E/G ratio of 1.76 and a beta of 1.02. 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.

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