LPL Financial LLC Has $12.64 Million Stock Position in Cameco Co. (NYSE:CCJ)

LPL Financial LLC grew its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 16.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 246,009 shares of the basic materials company’s stock after acquiring an additional 35,230 shares during the period. LPL Financial LLC owned 0.06% of Cameco worth $12,642,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Dantai Capital Ltd boosted its stake in Cameco by 44.2% in the 3rd quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company’s stock valued at $2,735,000 after purchasing an additional 17,560 shares during the period. Roberts Wealth Advisors LLC acquired a new stake in shares of Cameco during the fourth quarter worth $895,000. Whalen Wealth Management Inc. bought a new stake in shares of Cameco in the fourth quarter valued at about $445,000. Sprott Inc. grew its stake in shares of Cameco by 44.5% in the fourth quarter. Sprott Inc. now owns 111,896 shares of the basic materials company’s stock valued at $5,750,000 after acquiring an additional 34,483 shares in the last quarter. Finally, iA Global Asset Management Inc. bought a new position in Cameco during the third quarter worth about $5,305,000. Institutional investors own 70.21% of the company’s stock.

Cameco Price Performance

CCJ stock opened at $42.49 on Thursday. Cameco Co. has a 1 year low of $35.43 and a 1 year high of $62.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The stock has a market cap of $18.50 billion, a price-to-earnings ratio of 151.75 and a beta of 1.04. The company has a 50 day simple moving average of $45.70 and a 200 day simple moving average of $50.33.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. The company had revenue of $845.54 million during the quarter, compared to analysts’ expectations of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. Research analysts anticipate that Cameco Co. will post 1.27 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on CCJ shares. Stifel Nicolaus assumed coverage on shares of Cameco in a report on Wednesday, March 12th. They set a “buy” rating on the stock. StockNews.com cut shares of Cameco from a “hold” rating to a “sell” rating in a research report on Wednesday. Stifel Canada raised shares of Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Sanford C. Bernstein initiated coverage on shares of Cameco in a report on Tuesday. They set an “outperform” rating and a $52.00 price target for the company. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $90.00 price objective on shares of Cameco in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, eight have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Cameco has a consensus rating of “Buy” and an average target price of $70.03.

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.