Vanguard Capital Wealth Advisors Boosts Holdings in Cameco Corporation $CCJ

Vanguard Capital Wealth Advisors grew its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 53.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,885 shares of the basic materials company’s stock after acquiring an additional 7,637 shares during the quarter. Cameco accounts for approximately 1.5% of Vanguard Capital Wealth Advisors’ holdings, making the stock its 13th largest holding. Vanguard Capital Wealth Advisors’ holdings in Cameco were worth $2,229,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CCJ. Mcguire Capital Advisors Inc. purchased a new position in Cameco during the fourth quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd raised its stake in 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 purchasing an additional 307 shares during the last quarter. Sterling Capital Management LLC purchased a new position in shares of Cameco in the first quarter worth about $30,000. Sunbelt Securities Inc. grew its stake in Cameco by 928.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 325 shares in the last quarter. Finally, Brown Lisle Cummings Inc. raised its holdings in Cameco by 3,200.0% in the 1st quarter. Brown Lisle Cummings Inc. now owns 297 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 288 shares during the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Stock Down 2.6%

Shares of NYSE:CCJ opened at $96.21 on Wednesday. The business has a 50-day moving average price of $95.58 and a 200 day moving average price of $106.68. The company has a current ratio of 3.06, a quick ratio of 2.10 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $41.90 billion, a price-to-earnings ratio of 163.07, a PEG ratio of 1.69 and a beta of 1.06. Cameco Corporation has a 12-month low of $73.20 and a 12-month high of $135.24.

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on CCJ. Weiss Ratings downgraded Cameco from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, August 12th. Bank of America cut their target price on Cameco from $143.00 to $140.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Sanford C. Bernstein reissued an “outperform” rating and set a $135.00 price target on shares of Cameco in a research report on Monday, June 15th. Scotiabank reissued an “outperform” rating and issued a $175.00 price objective on shares of Cameco in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada raised their price objective on shares of Cameco from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Monday, June 29th. Thirteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $145.68.

About Cameco

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.