First City Capital Management Inc. Sells 500 Shares of Cameco Co. (NYSE:CCJ)

First City Capital Management Inc. decreased its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 6.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,450 shares of the basic materials company’s stock after selling 500 shares during the period. First City Capital Management Inc.’s holdings in Cameco were worth $367,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. LRI Investments LLC bought a new position in Cameco in the first quarter valued at approximately $26,000. Principal Securities Inc. bought a new position in shares of Cameco in the fourth quarter valued at $29,000. Lindbrook Capital LLC increased its holdings in Cameco by 26.0% during the first quarter. Lindbrook Capital LLC now owns 1,070 shares of the basic materials company’s stock worth $46,000 after buying an additional 221 shares during the last quarter. Larson Financial Group LLC raised 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 acquiring an additional 600 shares in the last quarter. Finally, Crewe Advisors LLC acquired a new stake in Cameco in the first quarter valued at $87,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Trading Up 8.1 %

Shares of NYSE:CCJ opened at $44.40 on Friday. The company has a market capitalization of $19.32 billion, a P/E ratio of 113.85 and a beta of 0.90. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.22 and a quick ratio of 1.48. The business’s 50 day simple moving average is $41.76 and its 200 day simple moving average is $46.51. Cameco Co. has a 1 year low of $35.18 and a 1 year high of $56.24.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Wednesday, July 31st. The basic materials company reported $0.14 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 during the quarter, compared to the consensus estimate of $756.00 million. During the same period in the prior year, the business earned ($0.01) earnings per share. Cameco’s quarterly revenue was up 24.1% compared to the same quarter last year. On average, research analysts anticipate that Cameco Co. will post 0.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CCJ has been the topic of a number of research analyst reports. National Bank Financial raised shares of Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Cantor Fitzgerald raised Cameco from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 31st. Glj Research restated a “buy” rating and issued a $63.73 price target on shares of Cameco in a research note on Wednesday, August 14th. The Goldman Sachs Group upped their price objective on shares of Cameco from $56.00 to $62.00 and gave the company a “buy” rating in a report on Friday, June 7th. Finally, Bank of America raised their target price on shares of Cameco from $59.00 to $60.50 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. One equities research 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. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $67.25.

About Cameco

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.