RFG Advisory LLC Takes $671,000 Position in Cameco Corporation $CCJ

RFG Advisory LLC bought a new stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,174 shares of the basic materials company’s stock, valued at approximately $671,000.

A number of other large investors also recently added to or reduced their stakes in the business. Bison Wealth LLC grew its stake in shares of Cameco by 16.1% during the fourth quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company’s stock valued at $1,102,000 after buying an additional 2,975 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Cameco by 16.6% in the first quarter. AQR Capital Management LLC now owns 9,547 shares of the basic materials company’s stock worth $393,000 after buying an additional 1,361 shares during the period. Integrated Wealth Concepts LLC lifted its stake in shares of Cameco by 48.7% in the 1st quarter. Integrated Wealth Concepts LLC now owns 8,485 shares of the basic materials company’s stock valued at $349,000 after acquiring an additional 2,780 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Cameco by 11.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 604,841 shares of the basic materials company’s stock valued at $24,895,000 after acquiring an additional 64,512 shares during the last quarter. Finally, NewGen Equity Long Short Fund purchased a new stake in Cameco during the 2nd quarter valued at about $14,252,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CCJ. Sanford C. Bernstein restated an “outperform” rating and set a $135.00 price target on shares of Cameco in a research report on Monday, June 15th. Barclays started coverage on Cameco in a research report on Thursday, May 21st. They issued an “equal weight” rating and a $108.00 price objective for the company. Scotiabank reissued an “outperform” rating and set a $175.00 price objective on shares of Cameco in a research note on Wednesday, May 6th. Royal Bank Of Canada raised their target price on shares of Cameco from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Canadian Imperial Bank of Commerce lifted their target price on shares of Cameco to $202.00 in a research note on Monday, March 9th. Eleven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.92.

Cameco Stock Down 0.9%

NYSE CCJ opened at $103.55 on Tuesday. Cameco Corporation has a 1 year low of $68.96 and a 1 year high of $135.24. The stock has a market capitalization of $45.10 billion, a PE ratio of 95.88, a PEG ratio of 1.91 and a beta of 0.99. 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 moving average is $111.17 and its 200 day moving average is $110.53.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $598.63 million. During the same quarter in the prior year, the company posted $0.16 EPS. Cameco’s quarterly revenue was up 7.1% compared to the same quarter last year. Sell-side analysts forecast that Cameco Corporation will post 1.21 earnings per share for the current year.

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.