Vertrix Wealth Management LLC Takes $567,000 Position in Cameco Corporation $CCJ

Vertrix Wealth Management LLC purchased a new stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,564 shares of the basic materials company’s stock, valued at approximately $567,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd grew its stake in shares of Cameco by 30,700.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 307 shares during the last quarter. Mcguire Capital Advisors Inc. bought a new position in Cameco in the 4th quarter worth approximately $28,000. Sunbelt Securities Inc. lifted its holdings in Cameco by 928.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock worth $30,000 after buying an additional 325 shares in the last quarter. Sterling Capital Management LLC acquired a new position in Cameco during the 1st quarter worth $30,000. Finally, Brown Lisle Cummings Inc. boosted its position in Cameco by 3,200.0% in the 1st quarter. Brown Lisle Cummings Inc. now owns 297 shares of the basic materials company’s stock valued at $32,000 after buying an additional 288 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Price Performance

CCJ opened at $97.39 on Monday. The company has a fifty day moving average price of $97.94 and a two-hundred day moving average price of $109.23. The firm has a market capitalization of $42.42 billion, a PE ratio of 165.06, a P/E/G ratio of 1.55 and a beta of 1.05. Cameco Corporation has a 52 week low of $68.96 and a 52 week high of $135.24. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.10 and a current ratio of 3.06.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Friday, July 31st. The basic materials company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.13). Cameco had a net margin of 10.20% and a return on equity of 7.59%. The company had revenue of $573.06 million during the quarter, compared to analyst estimates of $579.60 million. During the same period last year, the company earned $0.71 EPS. The business’s revenue for the quarter was down 6.8% compared to the same quarter last year. As a group, analysts anticipate that Cameco Corporation will post 1.36 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. William Blair began coverage on Cameco in a research report on Monday, April 20th. They set an “outperform” rating for the company. Scotiabank reiterated an “outperform” rating and issued a $175.00 price target on shares of Cameco in a report on Wednesday, May 6th. Wall Street Zen lowered Cameco from a “hold” rating to a “sell” rating in a research report on Saturday. Truist Financial initiated coverage on Cameco in a report on Monday, July 13th. They set a “buy” rating and a $129.00 price objective for the company. Finally, Citigroup restated a “positive” rating on shares of Cameco in a research report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $145.60.

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.