Trivium Point Advisory LLC Purchases Shares of 79,990 Cameco Corporation $CCJ

Trivium Point Advisory LLC bought a new stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 79,990 shares of the basic materials company’s stock, valued at approximately $8,148,000.

Several other institutional investors have also added to or reduced their stakes in CCJ. Mcguire Capital Advisors Inc. bought a new stake in Cameco during the fourth quarter valued at about $28,000. Caitong International Asset Management Co. Ltd lifted its position in shares of 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 valued at $28,000 after buying an additional 307 shares in the last quarter. Sterling Capital Management LLC bought a new position in shares of Cameco during the 1st quarter valued at approximately $30,000. Sunbelt Securities Inc. increased its holdings in Cameco by 928.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 325 shares in the last quarter. Finally, Brown Lisle Cummings Inc. raised its stake in Cameco by 3,200.0% during the 1st quarter. Brown Lisle Cummings Inc. now owns 297 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 288 shares during the period. 70.21% of the stock is currently owned by institutional investors.

Cameco Price Performance

Cameco stock opened at $97.74 on Monday. The company has a market cap of $42.57 billion, a price-to-earnings ratio of 165.66, a PEG ratio of 1.67 and a beta of 1.05. The firm’s fifty day moving average is $96.44 and its 200 day moving average is $108.43. The company has a quick ratio of 2.10, a current ratio of 3.06 and a debt-to-equity ratio of 0.14. Cameco Corporation has a 52-week low of $68.96 and a 52-week high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Friday, July 31st. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.13). The company had revenue of $573.06 million during the quarter, compared to the consensus estimate of $579.60 million. Cameco had a net margin of 10.20% and a return on equity of 7.59%. Cameco’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.71 earnings per share. Sell-side analysts forecast that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CCJ. Bank of America reduced their price objective on shares of Cameco from $143.00 to $140.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Weiss Ratings cut Cameco from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday. Sanford C. Bernstein reiterated an “outperform” rating and set a $135.00 target price on shares of Cameco in a research report on Monday, June 15th. Royal Bank Of Canada boosted their price target on Cameco from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. Finally, Scotiabank reaffirmed an “outperform” rating and set a $175.00 price objective on shares of Cameco in a report on Wednesday, May 6th. Fourteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $145.68.

Cameco Company 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.