Cameco Corporation $CCJ Shares Sold by Shelton Wealth Management LLC

Shelton Wealth Management LLC reduced its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 22.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,522 shares of the basic materials company’s stock after selling 6,384 shares during the period. Cameco makes up approximately 1.0% of Shelton Wealth Management LLC’s portfolio, making the stock its 23rd biggest position. Shelton Wealth Management LLC’s holdings in Cameco were worth $2,338,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Sterling Capital Management LLC acquired a new position in shares of Cameco during the first quarter worth about $30,000. Nisa Investment Advisors LLC acquired a new stake in Cameco in the fourth quarter valued at approximately $25,000. Brown Lisle Cummings Inc. raised its holdings in Cameco by 3,200.0% in the first quarter. Brown Lisle Cummings Inc. now owns 297 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 288 shares in the last quarter. Founders Capital Management purchased a new position in Cameco in the fourth quarter worth approximately $27,000. Finally, Mcguire Capital Advisors Inc. purchased a new position in Cameco in the fourth quarter worth approximately $28,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Down 3.5%

Cameco stock traded down $3.40 during mid-day trading on Tuesday, hitting $94.10. The company had a trading volume of 1,238,357 shares, compared to its average volume of 3,670,083. The stock has a market cap of $40.98 billion, a price-to-earnings ratio of 87.15, a PEG ratio of 1.76 and a beta of 1.02. Cameco Corporation has a 1 year low of $68.96 and a 1 year high of $135.24. The company has a quick ratio of 2.09, a current ratio of 3.08 and a debt-to-equity ratio of 0.14. The business has a fifty day moving average of $108.73 and a 200 day moving average of $110.75.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 18.38% and a return on equity of 11.05%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.16 EPS. On average, sell-side analysts expect that Cameco Corporation will post 1.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CCJ has been the topic of a number of recent analyst reports. Canadian Imperial Bank of Commerce increased their price objective on shares of Cameco to $202.00 in a research report on Monday, March 9th. Weiss Ratings cut shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Royal Bank Of Canada boosted their target price on shares of Cameco from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. TD Securities lowered Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $135.00 target price on shares of Cameco in a report on Monday, June 15th. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Cameco has a consensus rating of “Moderate Buy” and a consensus price target of $148.92.

About Cameco

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.