Cameco Corporation $CCJ Shares Purchased by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. increased its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 21.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,438 shares of the basic materials company’s stock after purchasing an additional 5,241 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Cameco were worth $2,469,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. TD Asset Management Inc grew its holdings in shares of Cameco by 3.7% during the second quarter. TD Asset Management Inc now owns 2,133,725 shares of the basic materials company’s stock worth $158,141,000 after buying an additional 77,081 shares in the last quarter. Abbington Investment Group acquired a new position in Cameco during the third quarter worth about $6,506,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Cameco by 79.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 249,992 shares of the basic materials company’s stock valued at $20,964,000 after acquiring an additional 110,629 shares in the last quarter. Nwam LLC raised its holdings in Cameco by 11.7% in the 2nd quarter. Nwam LLC now owns 81,129 shares of the basic materials company’s stock valued at $6,304,000 after acquiring an additional 8,519 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. acquired a new stake in Cameco in the 2nd quarter valued at about $281,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

CCJ has been the topic of several recent research reports. Wall Street Zen cut Cameco from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. The Goldman Sachs Group restated a “buy” rating and issued a $131.00 target price on shares of Cameco in a report on Wednesday. Scotiabank reiterated an “outperform” rating on shares of Cameco in a report on Wednesday, October 29th. Royal Bank Of Canada dropped their price objective on shares of Cameco from $160.00 to $150.00 and set an “outperform” rating for the company in a report on Thursday, November 13th. Finally, National Bankshares reaffirmed an “outperform” rating on shares of Cameco in a research note on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $131.39.

Cameco Stock Up 4.0%

Shares of CCJ opened at $113.66 on Friday. The company’s 50-day moving average price is $103.70 and its 200 day moving average price is $90.52. Cameco Corporation has a 12-month low of $35.00 and a 12-month high of $135.24. The company has a current ratio of 2.99, a quick ratio of 1.85 and a debt-to-equity ratio of 0.15. The firm has a market cap of $49.49 billion, a P/E ratio of 132.16 and a beta of 0.99.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.17). The company had revenue of $313.74 million for the quarter, compared to analyst estimates of $531.72 million. Cameco had a net margin of 15.24% and a return on equity of 8.58%. Cameco’s revenue was down 14.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.01) earnings per share. On average, sell-side analysts forecast that Cameco Corporation will post 1.27 earnings per share for the current year.

About Cameco

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.