Cameco Corporation $CCJ Shares Bought by Moran Wealth Management LLC

Moran Wealth Management LLC boosted its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 15.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,994 shares of the basic materials company’s stock after buying an additional 5,553 shares during the period. Moran Wealth Management LLC’s holdings in Cameco were worth $4,452,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its position in shares of Cameco by 4.6% during the 3rd quarter. Legal & General Group Plc now owns 2,483,216 shares of the basic materials company’s stock valued at $208,450,000 after purchasing an additional 108,841 shares in the last quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new stake in shares of Cameco in the fourth quarter valued at $1,974,000. Vanguard Group Inc. boosted its holdings in shares of Cameco by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 18,059,335 shares of the basic materials company’s stock worth $1,653,639,000 after purchasing an additional 258,193 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Cameco by 0.7% during the 3rd 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 buying an additional 85,762 shares during the period. Finally, Nikulski Financial Inc. purchased a new position in Cameco in the fourth quarter valued at about $930,000. 70.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on CCJ shares. Weiss Ratings downgraded shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. William Blair initiated coverage on Cameco in a report on Monday, April 20th. They set an “outperform” rating on the stock. Royal Bank Of Canada raised their target price on Cameco from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Monday, June 29th. TD Securities downgraded Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Finally, Canadian Imperial Bank of Commerce upped their price target on Cameco to $202.00 in a research note on Monday, March 9th. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $148.92.

Cameco Stock Down 0.2%

CCJ stock opened at $96.36 on Friday. Cameco Corporation has a twelve month low of $68.96 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 company has a market cap of $41.97 billion, a PE ratio of 89.22, a price-to-earnings-growth ratio of 1.76 and a beta of 1.02. The business’s 50-day simple moving average is $109.26 and its 200 day simple moving average is $110.53.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly 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 analysts’ expectations of $598.63 million. During the same quarter in the prior year, the firm posted $0.16 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, research analysts anticipate that Cameco Corporation will post 1.21 earnings per share for the current 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.