Cameco Co. (NYSE:CCJ) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC lessened its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 0.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 380,711 shares of the basic materials company’s stock after selling 258 shares during the quarter. Gabelli Funds LLC owned approximately 0.09% of Cameco worth $18,731,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LRI Investments LLC acquired a new stake in Cameco in the 1st quarter worth about $26,000. Principal Securities Inc. acquired a new stake in shares of Cameco in the fourth quarter worth approximately $29,000. Lindbrook Capital LLC grew its holdings in 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 during the period. Larson Financial Group LLC increased its position in 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 purchasing an additional 600 shares during the last quarter. Finally, Crewe Advisors LLC purchased a new position in Cameco during the first quarter worth approximately $87,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CCJ. National Bank Financial upgraded Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Scotiabank cut their price objective on Cameco from $81.00 to $80.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. The Goldman Sachs Group boosted their target price on Cameco from $56.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, June 7th. Bank of America raised their price target on shares of Cameco from $59.00 to $60.50 and gave the company a “buy” rating in a report on Wednesday, June 26th. Finally, Cantor Fitzgerald raised shares of Cameco from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Cameco presently has a consensus rating of “Buy” and a consensus target price of $67.25.

Cameco Stock Up 8.1 %

NYSE CCJ opened at $44.40 on Monday. The company has a quick ratio of 1.48, a current ratio of 3.22 and a debt-to-equity ratio of 0.23. Cameco Co. has a fifty-two week low of $35.18 and a fifty-two week high of $56.24. The business has a 50 day moving average price of $41.76 and a two-hundred day moving average price of $46.55. The stock has a market cap of $19.32 billion, a PE ratio of 113.85 and a beta of 0.90.

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

Cameco Company 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.