Cameco Corporation $CCJ Shares Acquired by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. lifted its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 21.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,438 shares of the basic materials company’s stock after purchasing an additional 5,241 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Cameco were worth $2,469,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Consulate Inc. acquired a new stake in Cameco in the third quarter worth about $25,000. Armstrong Advisory Group Inc. raised its position in shares of Cameco by 110.3% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 347 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 182 shares during the last quarter. VSM Wealth Advisory LLC acquired a new stake in Cameco in the 2nd quarter worth approximately $35,000. Creative Financial Designs Inc. ADV grew its position in Cameco by 936.2% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 487 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 440 shares during the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new position in Cameco during the 3rd quarter valued at approximately $37,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Stock Performance

Shares of CCJ stock opened at $113.66 on Friday. Cameco Corporation has a 52-week low of $35.00 and a 52-week high of $135.24. The company has a quick ratio of 1.85, a current ratio of 2.99 and a debt-to-equity ratio of 0.15. The stock has a market cap of $49.49 billion, a PE ratio of 132.16 and a beta of 0.99. The business has a 50-day simple moving average of $103.70 and a 200-day simple moving average of $90.52.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.17). Cameco had a net margin of 15.24% and a return on equity of 8.58%. The company had revenue of $313.74 million for the quarter, compared to analysts’ expectations of $531.72 million. During the same quarter in the prior year, the business posted ($0.01) earnings per share. The firm’s revenue was down 14.7% compared to the same quarter last year. On average, equities analysts expect that Cameco Corporation will post 1.27 EPS for the current year.

Wall Street Analysts Forecast Growth

CCJ has been the topic of a number of research analyst reports. Royal Bank Of Canada dropped their price objective on shares of Cameco from $160.00 to $150.00 and set an “outperform” rating on the stock in a report on Thursday, November 13th. Zacks Research upgraded Cameco from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. Scotiabank reissued an “outperform” rating on shares of Cameco in a report on Wednesday, October 29th. UBS Group assumed coverage on Cameco in a report on Monday, November 10th. They set a “neutral” rating and a $140.00 target price for the company. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Cameco in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $131.39.

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.