Apollon Wealth Management LLC Has $1.01 Million Position in Cameco Corporation $CCJ

Apollon Wealth Management LLC increased its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 249.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,286 shares of the basic materials company’s stock after purchasing an additional 6,628 shares during the period. Apollon Wealth Management LLC’s holdings in Cameco were worth $1,009,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Nisa Investment Advisors LLC bought a new position in Cameco in the fourth quarter valued at approximately $25,000. Founders Capital Management acquired a new position in shares of Cameco in the fourth quarter valued at approximately $27,000. Strategic Advocates LLC bought a new stake in shares of Cameco during the third quarter worth $28,000. Mcguire Capital Advisors Inc. bought a new stake in shares of Cameco during the fourth quarter worth $28,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of 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 period. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Stock Performance

Shares of CCJ opened at $96.36 on Friday. The firm has a 50-day moving average of $109.26 and a 200-day moving average of $110.53. Cameco Corporation has a one year low of $68.96 and a one year high of $135.24. 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 company has a debt-to-equity ratio of 0.14, a current ratio of 3.08 and a quick ratio of 2.09.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The company had revenue of $607.49 million for the quarter, compared to analysts’ expectations of $598.63 million. During the same period in the prior year, the firm earned $0.16 EPS. Cameco’s quarterly revenue was up 7.1% compared to the same quarter last year. As a group, equities analysts forecast that Cameco Corporation will post 1.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CCJ shares. TD Securities cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Sanford C. Bernstein reiterated an “outperform” rating and set a $135.00 target price on shares of Cameco in a report on Monday, June 15th. Weiss Ratings downgraded Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. 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 report on Monday. Finally, Canadian Imperial Bank of Commerce upped their price objective on Cameco to $202.00 in a research report on Monday, March 9th. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $148.92.

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.