NWF Advisory Services Inc. Has $1.20 Million Stock Position in Cameco Corporation $CCJ

NWF Advisory Services Inc. cut its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 44.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,156 shares of the basic materials company’s stock after selling 10,647 shares during the period. NWF Advisory Services Inc.’s holdings in Cameco were worth $1,204,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CCJ. Vanguard Group Inc. lifted its position in shares of Cameco by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 18,059,335 shares of the basic materials company’s stock worth $1,653,639,000 after buying an additional 258,193 shares during the last quarter. Capital World Investors grew its position in Cameco by 0.3% in the fourth quarter. Capital World Investors now owns 13,545,354 shares of the basic materials company’s stock valued at $1,240,047,000 after acquiring an additional 41,430 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Cameco by 0.7% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,973,799 shares of the basic materials company’s stock valued at $1,089,080,000 after acquiring an additional 85,762 shares during the last quarter. Van ECK Associates Corp raised its stake in Cameco by 15.6% during the fourth quarter. Van ECK Associates Corp now owns 6,292,995 shares of the basic materials company’s stock worth $575,771,000 after acquiring an additional 849,188 shares in the last quarter. Finally, Morgan Stanley raised its stake in Cameco by 7.0% during the fourth quarter. Morgan Stanley now owns 4,978,333 shares of the basic materials company’s stock worth $455,468,000 after acquiring an additional 323,693 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on CCJ. Sanford C. Bernstein reissued an “outperform” rating and issued a $135.00 target price on shares of Cameco in a report on Monday. Weiss Ratings lowered shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. William Blair assumed coverage on shares of Cameco in a research report on Monday, April 20th. They set an “outperform” rating for the company. TD Securities downgraded shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Finally, Scotiabank reissued an “outperform” rating and issued a $175.00 price objective on shares of Cameco in a research note on Wednesday, May 6th. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $147.42.

Cameco Trading Up 0.1%

Shares of CCJ stock opened at $106.57 on Friday. The firm has a market capitalization of $46.41 billion, a P/E ratio of 98.68, a P/E/G ratio of 1.94 and a beta of 0.99. Cameco Corporation has a twelve month low of $67.60 and a twelve month high of $135.24. The company has a quick ratio of 2.09, a current ratio of 3.08 and a debt-to-equity ratio of 0.14. The stock’s fifty day simple moving average is $112.56 and its 200 day simple moving average is $109.76.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $598.63 million. During the same period last year, the company earned $0.16 earnings per share. The business’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, sell-side analysts predict that Cameco Corporation will post 1.21 EPS for the current fiscal year.

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.