Simon Quick Advisors LLC Makes New $303,000 Investment in Cameco Corporation $CCJ

Simon Quick Advisors LLC bought a new position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 4,086 shares of the basic materials company’s stock, valued at approximately $303,000.

Several other institutional investors and hedge funds have also bought and sold shares of CCJ. Manchester Capital Management LLC lifted its stake in Cameco by 100.0% in the 1st quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 300 shares in the last quarter. Dagco Inc. purchased a new stake in Cameco in the 1st quarter worth approximately $28,000. SVB Wealth LLC purchased a new stake in Cameco in the 1st quarter worth approximately $29,000. Trust Co. of Vermont lifted its stake in Cameco by 1,029.4% in the 2nd quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 350 shares in the last quarter. Finally, Hilltop National Bank purchased a new stake in Cameco in the 2nd quarter worth approximately $30,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Price Performance

CCJ stock opened at $100.93 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.00 and a current ratio of 2.96. Cameco Corporation has a 52 week low of $35.00 and a 52 week high of $110.15. The firm’s fifty day moving average is $85.39 and its 200 day moving average is $72.14. The firm has a market cap of $43.94 billion, a P/E ratio of 116.01 and a beta of 0.99.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CCJ. Wall Street Zen raised shares of Cameco from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Royal Bank Of Canada increased their price target on shares of Cameco from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. The Goldman Sachs Group increased their price target on shares of Cameco from $95.00 to $109.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. National Bankshares reissued an “outperform” rating on shares of Cameco in a report on Friday, August 22nd. Finally, President Capital raised shares of Cameco from a “neutral” rating to a “buy” rating in a report on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $102.61.

About Cameco

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.