Cameco Corporation $CCJ Stock Position Decreased by Vigilare Wealth Management

Vigilare Wealth Management decreased its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 61.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,203 shares of the basic materials company’s stock after selling 6,671 shares during the quarter. Vigilare Wealth Management’s holdings in Cameco were worth $428,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Clearstead Advisors LLC grew its holdings in shares of Cameco by 0.8% during the fourth quarter. Clearstead Advisors LLC now owns 10,158 shares of the basic materials company’s stock valued at $929,000 after purchasing an additional 85 shares during the last quarter. Legacy Bridge LLC raised its position in shares of Cameco by 0.9% during the 4th quarter. Legacy Bridge LLC now owns 11,508 shares of the basic materials company’s stock worth $1,053,000 after purchasing an additional 100 shares during the period. HB Wealth Management LLC lifted its holdings in shares of Cameco by 3.1% in the 1st quarter. HB Wealth Management LLC now owns 3,560 shares of the basic materials company’s stock worth $387,000 after purchasing an additional 107 shares during the last quarter. Groupama Asset Managment lifted its holdings in shares of Cameco by 5.9% in the 4th quarter. Groupama Asset Managment now owns 1,928 shares of the basic materials company’s stock worth $176,000 after purchasing an additional 108 shares during the last quarter. Finally, S.A. Mason LLC boosted its position in Cameco by 4.8% during the 4th quarter. S.A. Mason LLC now owns 2,436 shares of the basic materials company’s stock valued at $223,000 after purchasing an additional 111 shares during the period. Institutional investors own 70.21% of the company’s stock.

Cameco Stock Up 4.0%

CCJ stock opened at $89.85 on Tuesday. The firm’s 50-day moving average is $99.15 and its two-hundred day moving average is $109.78. The company has a market capitalization of $39.13 billion, a price-to-earnings ratio of 152.29, a price-to-earnings-growth ratio of 1.36 and a beta of 1.05. Cameco Corporation has a 52 week low of $68.96 and a 52 week high of $135.24. The company has a current ratio of 3.08, a quick ratio of 2.09 and a debt-to-equity ratio of 0.14.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Friday, July 31st. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.13). Cameco had a net margin of 10.20% and a return on equity of 7.64%. The company had revenue of $573.06 million during the quarter, compared to the consensus estimate of $579.60 million. During the same quarter last year, the business earned $0.71 earnings per share. The company’s revenue was down 6.8% on a year-over-year basis. On average, analysts forecast that Cameco Corporation will post 1.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CCJ shares. Citigroup restated a “positive” rating on shares of Cameco in a research note on Wednesday, July 15th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $135.00 target price on shares of Cameco in a research note on Monday, June 15th. Bank of America reduced their price target on shares of Cameco from $143.00 to $140.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Barclays lowered their price target on shares of Cameco from $108.00 to $104.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 15th. Finally, Scotiabank reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of Cameco in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $146.18.

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.