McAlvany Wealth Management LLC Purchases Shares of 8,871 Cameco Corporation $CCJ

McAlvany Wealth Management LLC purchased a new stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 8,871 shares of the basic materials company’s stock, valued at approximately $812,000.

Other institutional investors have also made changes to their positions in the company. Bison Wealth LLC grew its holdings in Cameco by 16.1% in the 4th 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 lifted its holdings in shares of Cameco by 16.6% during 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 last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of Cameco by 48.7% during the first quarter. Integrated Wealth Concepts LLC now owns 8,485 shares of the basic materials company’s stock worth $349,000 after buying an additional 2,780 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Cameco by 11.9% in the first 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 period. Finally, NewGen Equity Long Short Fund bought a new stake in shares of Cameco in the second quarter valued at approximately $14,252,000. 70.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Scotiabank reaffirmed an “outperform” rating and set a $175.00 target price on shares of Cameco in a research report on Wednesday, May 6th. Barclays initiated coverage on shares of Cameco in a research note on Thursday, May 21st. They set an “equal weight” rating and a $108.00 target price for the company. Sanford C. Bernstein restated an “outperform” rating and issued a $135.00 price target on shares of Cameco in a research report on Monday, June 15th. Canadian Imperial Bank of Commerce raised their price target on shares of Cameco to $202.00 in a research report on Monday, March 9th. Finally, TD Securities downgraded shares of Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. 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.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $147.42.

Cameco Price Performance

Shares of NYSE:CCJ opened at $106.57 on Friday. Cameco Corporation has a 1-year low of $67.60 and a 1-year high of $135.24. The firm has a market capitalization of $46.42 billion, a PE ratio of 98.68, a PEG ratio of 1.94 and a beta of 0.99. The business’s 50 day moving average is $112.56 and its 200-day moving average is $109.76. The company has a current ratio of 3.08, a quick ratio of 2.09 and a debt-to-equity ratio of 0.14.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data 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. The business had revenue of $607.49 million for 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 quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.16 earnings per share. Sell-side analysts predict 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.