Kelleher Financial Advisors Invests $1.81 Million in Cameco Corporation $CCJ

Kelleher Financial Advisors bought a new stake 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. The institutional investor bought 17,796 shares of the basic materials company’s stock, valued at approximately $1,813,000.

Other institutional investors have also recently made changes to their positions in the company. Mcguire Capital Advisors Inc. bought a new stake in Cameco during the fourth quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd boosted 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 purchasing an additional 307 shares during the period. Sterling Capital Management LLC purchased a new position in shares of Cameco in the 1st quarter worth approximately $30,000. Sunbelt Securities Inc. boosted its holdings in shares of Cameco by 928.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 325 shares during the period. Finally, Brown Lisle Cummings Inc. increased its position in shares of Cameco by 3,200.0% during the 1st quarter. Brown Lisle Cummings Inc. now owns 297 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 288 shares during the last quarter. Institutional investors own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. William Blair began coverage on Cameco in a research report on Monday, April 20th. They issued an “outperform” rating for the company. Wall Street Zen cut Cameco from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Barclays reduced their price objective on Cameco from $104.00 to $97.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 4th. Weiss Ratings cut Cameco from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday. Finally, Bank of America lowered their target price on Cameco from $143.00 to $140.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Fourteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $145.68.

Cameco Stock Performance

Shares of Cameco stock opened at $97.74 on Friday. The company has a market capitalization of $42.57 billion, a PE ratio of 165.66, a P/E/G ratio of 1.67 and a beta of 1.05. The company has a 50-day simple moving average of $96.44 and a two-hundred day simple moving average of $108.52. Cameco Corporation has a one year low of $68.96 and a one year high of $135.24. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.10 and a current ratio of 3.06.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Friday, July 31st. The basic materials company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.13). Cameco had a net margin of 10.20% and a return on equity of 7.59%. The firm had revenue of $573.06 million during the quarter, compared to the consensus estimate of $579.60 million. During the same quarter in the prior year, the business posted $0.71 earnings per share. The firm’s quarterly revenue was down 6.8% on a year-over-year basis. Research analysts expect that Cameco Corporation will post 1.27 EPS for the current fiscal year.

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.