Lake Street Advisors Group LLC Makes New $991,000 Investment in Cameco Co. (NYSE:CCJ)

Lake Street Advisors Group LLC purchased a new stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 22,872 shares of the basic materials company’s stock, valued at approximately $991,000.

A number of other large investors have also made changes to their positions in the company. Foster Victor Wealth Advisors LLC acquired a new position in Cameco in the fourth quarter valued at about $3,956,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Cameco by 6.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,422,754 shares of the basic materials company’s stock worth $581,558,000 after purchasing an additional 869,404 shares in the last quarter. Bornite Capital Management LP acquired a new stake in Cameco during the 4th quarter worth approximately $6,590,000. Eaton Financial Holdings Company LLC bought a new position in Cameco in the fourth quarter valued at approximately $1,327,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Cameco in the first quarter valued at approximately $295,000. Institutional investors own 70.21% of the company’s stock.

Cameco Stock Down 1.8 %

Shares of Cameco stock traded down $0.87 during trading hours on Wednesday, reaching $46.49. 2,276,005 shares of the company’s stock were exchanged, compared to its average volume of 4,319,109. The company has a current ratio of 1.42, a quick ratio of 0.69 and a debt-to-equity ratio of 0.17. The company has a 50 day moving average of $51.56 and a two-hundred day moving average of $47.79. The stock has a market cap of $20.23 billion, a P/E ratio of 119.21 and a beta of 0.91. Cameco Co. has a fifty-two week low of $31.58 and a fifty-two week high of $56.24.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.23). The company had revenue of $470.29 million during the quarter. Cameco had a net margin of 9.28% and a return on equity of 4.60%. On average, sell-side analysts forecast that Cameco Co. will post 1.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. The Goldman Sachs Group boosted their price objective on shares of Cameco from $56.00 to $62.00 and gave the company a “buy” rating in a research report on Friday, June 7th. Bank of America upped their price objective on Cameco from $59.00 to $60.50 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Finally, StockNews.com lowered Cameco from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.70.

Cameco Profile

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.