Corient Private Wealth LLC Sells 13,308 Shares of Cameco Corporation $CCJ

Corient Private Wealth LLC reduced its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 19.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,686 shares of the basic materials company’s stock after selling 13,308 shares during the quarter. Corient Private Wealth LLC’s holdings in Cameco were worth $4,912,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of CCJ. Nisa Investment Advisors LLC purchased a new position in Cameco in the fourth quarter valued at about $25,000. Founders Capital Management purchased a new stake in shares of Cameco during the fourth quarter valued at about $27,000. Mcguire Capital Advisors Inc. purchased a new stake in shares of Cameco during the fourth quarter valued at about $28,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Cameco by 30,700.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock valued at $28,000 after buying an additional 307 shares in the last quarter. Finally, Strategic Advocates LLC bought a new stake in shares of Cameco in the 3rd quarter valued at about $28,000. 70.21% of the stock is owned by institutional investors.

Cameco Stock Up 0.9%

Shares of NYSE:CCJ opened at $104.54 on Friday. 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 business has a fifty day moving average of $111.50 and a two-hundred day moving average of $110.32. The stock has a market cap of $45.53 billion, a P/E ratio of 96.80, a PEG ratio of 1.89 and a beta of 0.99. Cameco Corporation has a 52-week low of $68.96 and a 52-week high of $135.24.

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, topping 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 business had revenue of $607.49 million for the quarter, compared to analyst estimates of $598.63 million. During the same quarter in the previous year, the firm earned $0.16 EPS. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, research analysts expect that Cameco Corporation will post 1.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on CCJ. Canadian Imperial Bank of Commerce boosted their price objective on shares of Cameco to $202.00 in a research note on Monday, March 9th. William Blair started coverage on Cameco in a research report on Monday, April 20th. They set an “outperform” rating on the stock. Weiss Ratings downgraded Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Barclays assumed coverage on Cameco in a report on Thursday, May 21st. They set an “equal weight” rating and a $108.00 price objective for the company. Finally, TD Securities downgraded Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $147.42.

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.