Tcfg Wealth Management LLC Has $1.64 Million Stock Position in Cameco Corporation $CCJ

Tcfg Wealth Management LLC lowered its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 39.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,115 shares of the basic materials company’s stock after selling 9,760 shares during the quarter. Tcfg Wealth Management LLC’s holdings in Cameco were worth $1,642,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Nisa Investment Advisors LLC acquired a new position in shares of Cameco in the fourth quarter valued at $25,000. Founders Capital Management bought a new stake in Cameco in the 4th quarter valued at $27,000. Strategic Advocates LLC bought a new stake in Cameco in the 3rd quarter valued at $28,000. Mcguire Capital Advisors Inc. acquired a new position in shares of Cameco in the 4th quarter valued at $28,000. Finally, Caitong International Asset Management Co. Ltd raised its stake 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 valued at $28,000 after buying an additional 307 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CCJ shares. Canadian Imperial Bank of Commerce upped their target price on shares of Cameco to $202.00 in a research note on Monday, March 9th. Sanford C. Bernstein restated an “outperform” rating and set a $135.00 price target on shares of Cameco in a research note on Monday, June 15th. William Blair began coverage on Cameco in a report on Monday, April 20th. They set an “outperform” rating on the stock. Weiss Ratings lowered Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Finally, TD Securities cut Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $148.92.

Cameco Stock Down 1.6%

CCJ opened at $101.79 on Wednesday. The firm has a market cap of $44.33 billion, a price-to-earnings ratio of 94.25, a PEG ratio of 1.89 and a beta of 0.99. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.09 and a current ratio of 3.08. The firm’s 50-day simple moving average is $110.79 and its 200-day simple moving average is $110.59. Cameco Corporation has a twelve month low of $68.96 and a twelve month high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.05. The firm had revenue of $607.49 million during the quarter, compared to the consensus estimate of $598.63 million. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the firm posted $0.16 EPS. Equities research analysts anticipate that Cameco Corporation will post 1.21 EPS for the current fiscal 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.