Williamson Legacy Group LLC Takes Position in Cameco Corporation $CCJ

Williamson Legacy Group LLC purchased a new stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 8,020 shares of the basic materials company’s stock, valued at approximately $734,000.

A number of other large investors also recently made changes to their positions in CCJ. Nisa Investment Advisors LLC acquired a new position in shares of Cameco in the 4th quarter valued at $25,000. Founders Capital Management acquired a new position in shares of Cameco in the 4th quarter valued at $27,000. Strategic Advocates LLC acquired a new position in shares of Cameco in the 3rd quarter valued at $28,000. Sunbelt Securities Inc. lifted its stake 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 valued at $30,000 after purchasing an additional 325 shares during the period. Finally, Delos Wealth Advisors LLC lifted its stake in shares of Cameco by 60.0% in the 3rd quarter. Delos Wealth Advisors LLC now owns 400 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Weiss Ratings downgraded Cameco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $131.00 price objective on shares of Cameco in a research note on Wednesday, February 4th. Glj Research reaffirmed a “buy” rating and set a $171.20 price objective (up from $100.00) on shares of Cameco in a research note on Wednesday, February 18th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $147.00 price objective on shares of Cameco in a research note on Thursday, February 5th. Finally, Scotiabank reaffirmed an “outperform” rating and set a $175.00 price objective on shares of Cameco in a research note on Wednesday, May 6th. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Cameco presently has an average rating of “Moderate Buy” and an average price target of $148.62.

Cameco Stock Performance

Shares of Cameco stock opened at $108.41 on Wednesday. The company has a market capitalization of $47.22 billion, a PE ratio of 100.38, a PEG ratio of 1.77 and a beta of 1.04. Cameco Corporation has a 12 month low of $57.63 and a 12 month high of $135.24. The company has a current ratio of 3.08, a quick ratio of 2.09 and a debt-to-equity ratio of 0.14. The stock’s fifty day simple moving average is $113.00 and its 200 day simple moving average is $107.37.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.29 by $0.05. The business had revenue of $607.49 million for the quarter, compared to the consensus estimate of $598.63 million. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The firm’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.16 EPS. On average, research analysts predict that Cameco Corporation will post 1.32 EPS for the current 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.