Cameco Co. (NYSE:CCJ) Shares Purchased by Strategic Wealth Partners Ltd.

Strategic Wealth Partners Ltd. increased its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 193,026 shares of the basic materials company’s stock after buying an additional 4,051 shares during the period. Strategic Wealth Partners Ltd.’s holdings in Cameco were worth $9,474,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Roberts Wealth Advisors LLC purchased a new stake in shares of Cameco during the 4th quarter worth approximately $895,000. Whalen Wealth Management Inc. acquired a new position in Cameco during the fourth quarter worth $445,000. Sprott Inc. boosted its position in Cameco by 44.5% during the fourth quarter. Sprott Inc. now owns 111,896 shares of the basic materials company’s stock worth $5,750,000 after purchasing an additional 34,483 shares in the last quarter. Aigen Investment Management LP acquired a new stake in Cameco in the fourth quarter valued at $930,000. Finally, Principal Financial Group Inc. increased its position in shares of Cameco by 1,138.1% in the third quarter. Principal Financial Group Inc. now owns 267,431 shares of the basic materials company’s stock valued at $12,774,000 after buying an additional 245,831 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Stock Down 0.5%

Shares of NYSE CCJ opened at $51.33 on Friday. The firm has a market cap of $22.35 billion, a P/E ratio of 183.33 and a beta of 0.89. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. Cameco Co. has a 1 year low of $35.00 and a 1 year high of $62.55. The firm’s 50 day moving average price is $43.73 and its 200 day moving average price is $48.84.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.07). The business had revenue of $549.58 million for the quarter, compared to analyst estimates of $890.07 million. Cameco had a return on equity of 4.34% and a net margin of 5.39%. Cameco’s revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.13 EPS. As a group, sell-side analysts anticipate that Cameco Co. will post 1.27 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CCJ shares. Desjardins initiated coverage on shares of Cameco in a research report on Friday, April 4th. They issued a “buy” rating on the stock. Sanford C. Bernstein started coverage on shares of Cameco in a research report on Tuesday, April 1st. They set an “outperform” rating and a $52.00 target price for the company. Stifel Canada upgraded shares of Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th. StockNews.com upgraded Cameco from a “sell” rating to a “hold” rating in a research report on Tuesday, May 13th. Finally, Stifel Nicolaus initiated coverage on Cameco in a research note on Wednesday, March 12th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Cameco has an average rating of “Buy” and a consensus target price of $70.03.

Cameco Company Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.