Integrated Advisors Network LLC Buys Shares of 6,294 Cameco Corporation $CCJ

Integrated Advisors Network LLC bought a new position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,294 shares of the basic materials company’s stock, valued at approximately $684,000.

Several other hedge funds also recently modified their holdings of the business. Legal & General Group Plc lifted its position in shares of Cameco by 4.6% in the third quarter. Legal & General Group Plc now owns 2,483,216 shares of the basic materials company’s stock worth $208,450,000 after buying an additional 108,841 shares during the last quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new position in shares of Cameco in the 4th quarter valued at approximately $1,974,000. Vanguard Group Inc. raised its stake in shares of Cameco by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 18,059,335 shares of the basic materials company’s stock valued at $1,653,639,000 after acquiring an additional 258,193 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Cameco by 0.7% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,973,799 shares of the basic materials company’s stock worth $1,089,080,000 after purchasing an additional 85,762 shares during the last quarter. Finally, Nikulski Financial Inc. acquired a new stake in Cameco in the 4th quarter worth approximately $930,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CCJ shares. Barclays began coverage on Cameco in a report on Thursday, May 21st. They set an “equal weight” rating and a $108.00 price target on the stock. Weiss Ratings cut shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Bank of America decreased their price objective on shares of Cameco from $143.00 to $140.00 and set a “buy” rating for the company in a report on Thursday. 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. Finally, Scotiabank reiterated an “outperform” rating and issued a $175.00 target price on shares of Cameco in a report on Wednesday, May 6th. Twelve investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Cameco presently has an average rating of “Moderate Buy” and an average target price of $148.11.

Cameco Price Performance

Shares of Cameco stock opened at $95.78 on Friday. 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 Corporation has a fifty-two week low of $68.96 and a fifty-two week high of $135.24. The firm has a fifty day moving average price of $107.21 and a two-hundred day moving average price of $110.91. The company has a market cap of $41.72 billion, a PE ratio of 88.69, a price-to-earnings-growth ratio of 1.74 and a beta of 1.02.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $598.63 million. During the same period last year, the business posted $0.16 EPS. The business’s quarterly revenue was up 7.1% on a year-over-year basis. Analysts expect that Cameco Corporation will post 1.2 EPS for the current year.

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.