B. Riley Wealth Advisors Inc. Buys New Position in Cameco Co. (NYSE:CCJ)

B. Riley Wealth Advisors Inc. bought a new stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 11,012 shares of the basic materials company’s stock, valued at approximately $542,000.

Other large investors have also bought and sold shares of the company. LRI Investments LLC acquired a new position in shares of Cameco in the 1st quarter valued at $26,000. Larson Financial Group LLC raised its stake in shares of Cameco by 99.3% in the 1st quarter. Larson Financial Group LLC now owns 1,204 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 600 shares in the last quarter. Crewe Advisors LLC bought a new position in Cameco in the 1st quarter worth approximately $87,000. BNP Paribas bought a new position in Cameco in the 1st quarter worth approximately $93,000. Finally, Creekmur Asset Management LLC bought a new position in Cameco in the 4th quarter worth approximately $97,000. Institutional investors own 70.21% of the company’s stock.

Cameco Price Performance

Cameco stock opened at $51.84 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.48 and a current ratio of 3.22. The firm has a market cap of $22.56 billion, a P/E ratio of 132.92 and a beta of 0.90. The business’s fifty day moving average is $41.93 and its two-hundred day moving average is $47.01. Cameco Co. has a 52 week low of $35.43 and a 52 week high of $56.24.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.14 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $756.00 million. During the same period last year, the company earned ($0.01) EPS. The company’s revenue was up 24.1% compared to the same quarter last year. Equities research analysts forecast that Cameco Co. will post 0.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

CCJ has been the topic of a number of research reports. Cantor Fitzgerald upgraded Cameco from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 31st. National Bank Financial raised Cameco to a “strong-buy” rating in a research note on Tuesday, September 3rd. Bank of America boosted their price target on Cameco from $59.00 to $60.50 and gave the company a “buy” rating in a research note on Wednesday, June 26th. Scotiabank decreased their price target on Cameco from $81.00 to $80.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Finally, Glj Research reaffirmed a “buy” rating and issued a $63.73 price target on shares of Cameco in a research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $66.56.

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.