Cameco Co. (NYSE:CCJ) Shares Bought by Private Advisor Group LLC

Private Advisor Group LLC boosted its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 8.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 65,251 shares of the basic materials company’s stock after buying an additional 5,011 shares during the period. Private Advisor Group LLC’s holdings in Cameco were worth $3,117,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Cameco by 71.5% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock worth $27,000 after buying an additional 238 shares in the last quarter. LRI Investments LLC bought a new stake in Cameco in the first quarter worth about $26,000. Larson Financial Group LLC lifted its holdings in 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 during the last quarter. Blue Trust Inc. boosted its position in shares of Cameco by 68.8% during the 3rd quarter. Blue Trust Inc. now owns 1,575 shares of the basic materials company’s stock valued at $77,000 after purchasing an additional 642 shares in the last quarter. Finally, Crewe Advisors LLC acquired a new position in shares of Cameco in the 1st quarter worth approximately $87,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

CCJ has been the subject of a number of research reports. Scotiabank reduced their target price on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Cantor Fitzgerald upgraded Cameco from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 31st. Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a report on Friday, October 4th. Glj Research reissued a “buy” rating and issued a $63.73 price target on shares of Cameco in a research note on Wednesday, August 14th. Finally, National Bank Financial raised shares of Cameco to a “strong-buy” rating in a research note on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, five have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Cameco currently has an average rating of “Buy” and an average price target of $66.56.

Cameco Stock Performance

Shares of CCJ stock opened at $55.19 on Tuesday. The company has a current ratio of 3.22, a quick ratio of 1.48 and a debt-to-equity ratio of 0.23. Cameco Co. has a 1-year low of $35.43 and a 1-year high of $58.72. The stock’s fifty day simple moving average is $46.24 and its 200-day simple moving average is $47.91. The company has a market capitalization of $24.02 billion, a price-to-earnings ratio of 141.51 and a beta of 0.90.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data 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). The company had revenue of $598.00 million during the quarter, compared to analyst estimates of $756.00 million. Cameco had a net margin of 9.72% and a return on equity of 5.63%. The firm’s quarterly revenue was up 24.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.01) EPS. On average, sell-side analysts predict that Cameco Co. will post 0.83 earnings per share for the current fiscal year.

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.