8,580 Shares in Cameco Co. (NYSE:CCJ) Acquired by Morse Asset Management Inc

Morse Asset Management Inc bought a new position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 8,580 shares of the basic materials company’s stock, valued at approximately $422,000.

A number of other institutional investors have also recently bought and sold shares of the stock. LRI Investments LLC bought a new stake in Cameco in the 1st quarter valued at $26,000. Principal Securities Inc. acquired a new stake in shares of Cameco in the 4th quarter valued at about $29,000. Lindbrook Capital LLC lifted its holdings in shares of Cameco by 26.0% in the first quarter. Lindbrook Capital LLC now owns 1,070 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 221 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of Cameco by 99.3% during the first quarter. Larson Financial Group LLC now owns 1,204 shares of the basic materials company’s stock worth $52,000 after buying an additional 600 shares during the period. Finally, Crewe Advisors LLC bought a new position in shares of Cameco during the first quarter worth about $87,000. Institutional investors own 70.21% of the company’s stock.

Cameco Stock Performance

Shares of CCJ stock opened at $44.40 on Monday. The stock has a market cap of $19.32 billion, a P/E ratio of 113.85 and a beta of 0.90. The company has a fifty day moving average price of $41.76 and a two-hundred day moving average price of $46.55. Cameco Co. has a one year low of $35.18 and a one year high of $56.24. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.22 and a quick ratio of 1.48.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). The business had revenue of $598.00 million for the quarter, compared to the consensus estimate of $756.00 million. Cameco had a return on equity of 5.63% and a net margin of 9.72%. The company’s revenue for the quarter was up 24.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.01) EPS. As a group, equities analysts predict that Cameco Co. will post 0.96 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CCJ shares. Glj Research restated a “buy” rating and issued a $63.73 target price on shares of Cameco in a research note on Wednesday, August 14th. National Bank Financial upgraded shares of Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Bank of America raised their target price on shares of Cameco from $59.00 to $60.50 and gave the company a “buy” rating in a research report on Wednesday, June 26th. Scotiabank reduced their price objective on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. Finally, The Goldman Sachs Group raised their price objective on Cameco from $56.00 to $62.00 and gave the company a “buy” rating in a report on Friday, June 7th. One investment analyst has rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $67.25.

Cameco Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.