Cameco Corporation $CCJ Shares Acquired by River Wealth Advisors LLC

River Wealth Advisors LLC grew its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 22.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,847 shares of the basic materials company’s stock after purchasing an additional 6,908 shares during the period. River Wealth Advisors LLC’s holdings in Cameco were worth $3,174,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. APG Asset Management N.V. increased its stake in shares of Cameco by 1.8% during the third quarter. APG Asset Management N.V. now owns 161,233 shares of the basic materials company’s stock worth $13,521,000 after buying an additional 2,800 shares during the period. Trivium Point Advisory LLC boosted its position in shares of Cameco by 5.9% in the 3rd quarter. Trivium Point Advisory LLC now owns 99,302 shares of the basic materials company’s stock valued at $8,328,000 after purchasing an additional 5,490 shares during the period. American Century Companies Inc. grew its position in shares of Cameco by 13.3% during the third quarter. American Century Companies Inc. now owns 522,950 shares of the basic materials company’s stock worth $43,862,000 after acquiring an additional 61,264 shares during the last quarter. Harvest Portfolios Group Inc. purchased a new position in Cameco during the 3rd quarter worth $11,733,000. Finally, Huntington National Bank increased its stake in Cameco by 1.5% in the third quarter. Huntington National Bank now owns 11,110 shares of the basic materials company’s stock valued at $932,000 after purchasing an additional 164 shares during the period. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Stock Performance

NYSE CCJ opened at $118.36 on Friday. The stock has a market capitalization of $51.55 billion, a price-to-earnings ratio of 122.02 and a beta of 0.99. The business’s 50 day moving average is $111.91 and its two-hundred day moving average is $94.86. Cameco Corporation has a 12-month low of $35.00 and a 12-month high of $135.24. The company has a current ratio of 2.47, a quick ratio of 1.68 and a debt-to-equity ratio of 0.14.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Friday, February 13th. The basic materials company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.29 by $0.07. Cameco had a return on equity of 9.35% and a net margin of 17.00%.The business had revenue of $874.57 million during the quarter, compared to analysts’ expectations of $782.13 million. During the same period last year, the firm earned $0.36 EPS. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. Research analysts expect that Cameco Corporation will post 1.27 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on CCJ. The Goldman Sachs Group reiterated a “buy” rating and set a $131.00 target price on shares of Cameco in a research note on Wednesday, February 4th. National Bank Financial reaffirmed an “outperform” rating on shares of Cameco in a research report on Thursday, November 6th. Weiss Ratings upgraded Cameco from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. UBS Group initiated coverage on Cameco in a report on Monday, November 10th. They set a “neutral” rating and a $140.00 price target for the company. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Cameco in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $143.03.

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.