Nations Financial Group Inc. IA ADV Sells 19,534 Shares of Cameco Corporation $CCJ

Nations Financial Group Inc. IA ADV cut its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 82.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,281 shares of the basic materials company’s stock after selling 19,534 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Cameco were worth $465,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Nisa Investment Advisors LLC acquired a new position in shares of Cameco during the 4th quarter worth about $25,000. Founders Capital Management bought a new stake in shares of Cameco in the 4th quarter valued at about $27,000. Strategic Advocates LLC acquired a new stake in shares of Cameco in the 3rd quarter valued at approximately $28,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of Cameco in the 4th quarter valued at approximately $28,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Cameco by 30,700.0% during the 4th 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 last quarter. Institutional investors own 70.21% of the company’s stock.

Cameco Trading Down 2.2%

NYSE:CCJ opened at $106.47 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.08 and a quick ratio of 2.09. The business’s 50-day simple moving average is $112.05 and its 200-day simple moving average is $110.27. Cameco Corporation has a fifty-two week low of $68.96 and a fifty-two week high of $135.24. The stock has a market capitalization of $46.37 billion, a PE ratio of 98.59, a price-to-earnings-growth ratio of 1.99 and a beta of 0.99.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CCJ. William Blair started coverage on shares of Cameco in a report on Monday, April 20th. They set an “outperform” rating for the company. Sanford C. Bernstein reiterated an “outperform” rating and issued a $135.00 target price on shares of Cameco in a report on Monday, June 15th. TD Securities cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Scotiabank reissued an “outperform” rating and issued a $175.00 price target on shares of Cameco in a report on Wednesday, May 6th. Finally, Barclays assumed coverage on shares of Cameco in a research report on Thursday, May 21st. They issued an “equal weight” rating and a $108.00 price objective for the company. Eleven equities research 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 has an average rating of “Moderate Buy” and an average price target of $147.42.

Cameco 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.