American Trust Investment Advisors LLC Has $4.99 Million Stake in Cameco Corporation $CCJ

American Trust Investment Advisors LLC lowered its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 8.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 59,456 shares of the basic materials company’s stock after selling 5,748 shares during the period. Cameco comprises about 2.6% of American Trust Investment Advisors LLC’s portfolio, making the stock its 13th biggest position. American Trust Investment Advisors LLC’s holdings in Cameco were worth $4,986,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Financial Consulate Inc. acquired a new stake in shares of Cameco during the third quarter valued at about $25,000. Armstrong Advisory Group Inc. grew its holdings in shares of Cameco by 110.3% during the third quarter. Armstrong Advisory Group Inc. now owns 347 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 182 shares during the last quarter. VSM Wealth Advisory LLC acquired a new position in shares of Cameco in the second quarter valued at approximately $35,000. Cullen Frost Bankers Inc. bought a new position in Cameco in the 3rd quarter valued at approximately $37,000. Finally, Tobam raised its holdings in Cameco by 389.1% in the 3rd quarter. Tobam now owns 450 shares of the basic materials company’s stock valued at $38,000 after buying an additional 358 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CCJ. Glj Research reissued a “buy” rating and set a $171.20 target price (up from $100.00) on shares of Cameco in a report on Wednesday, February 18th. Zacks Research downgraded shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. The Goldman Sachs Group reiterated a “buy” rating and set a $131.00 price target on shares of Cameco in a report on Wednesday, February 4th. Weiss Ratings raised shares of Cameco from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Finally, Raymond James Financial restated an “outperform” rating on shares of Cameco in a report on Wednesday, January 14th. Thirteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.40.

Cameco Stock Performance

NYSE:CCJ opened at $107.92 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.68 and a current ratio of 2.47. Cameco Corporation has a fifty-two week low of $35.00 and a fifty-two week high of $135.24. The company has a 50 day simple moving average of $116.55 and a two-hundred day simple moving average of $97.78. The company has a market capitalization of $47.00 billion, a PE ratio of 111.26 and a beta of 0.98.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Friday, February 13th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.07. Cameco had a net margin of 17.00% and a return on equity of 9.35%. The firm had revenue of $874.57 million for the quarter, compared to the consensus estimate of $782.13 million. During the same quarter in the previous year, the company earned $0.36 EPS. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. Research analysts anticipate that Cameco Corporation will post 1.27 earnings per share for the current 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.