8,412 Shares in Cameco Corporation $CCJ Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC bought a new position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,412 shares of the basic materials company’s stock, valued at approximately $857,000.

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Truist Financial raised their price target on Cameco from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Bank of America decreased their price objective on shares of Cameco from $143.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Barclays lowered their price objective on shares of Cameco from $104.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 4th. Weiss Ratings downgraded shares of Cameco from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. Finally, Citigroup restated a “positive” rating on shares of Cameco in a research report on Wednesday, July 15th. Fourteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $145.68.

Cameco Stock Up 7.3%

Shares of NYSE CCJ opened at $102.55 on Friday. Cameco Corporation has a 52-week low of $72.75 and a 52-week high of $135.24. The firm has a fifty day moving average of $96.21 and a 200-day moving average of $107.49. The stock has a market capitalization of $44.66 billion, a PE ratio of 173.81, a P/E/G ratio of 1.63 and a beta of 1.05. 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 (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Friday, July 31st. The basic materials company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.13). Cameco had a return on equity of 7.59% and a net margin of 10.20%.The firm had revenue of $573.06 million for the quarter, compared to analyst estimates of $579.60 million. During the same quarter in the prior year, the company earned $0.71 earnings per share. The business’s revenue was down 6.8% compared to the same quarter last year. On average, analysts anticipate that Cameco Corporation will post 1.27 EPS for the current year.

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.