River Wealth Advisors LLC Grows Stock Holdings in Cameco Corporation $CCJ

River Wealth Advisors LLC raised its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 22.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 37,847 shares of the basic materials company’s stock after buying an additional 6,908 shares during the quarter. River Wealth Advisors LLC’s holdings in Cameco were worth $3,174,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of CCJ. Abbington Investment Group purchased a new position in shares of Cameco in the third quarter valued at $6,506,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Cameco by 79.4% in 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 during the last quarter. Nwam LLC increased its holdings in Cameco by 11.7% during 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 in the last quarter. Hillsdale Investment Management Inc. increased its holdings in Cameco by 165.1% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 169,448 shares of the basic materials company’s stock valued at $12,593,000 after acquiring an additional 105,523 shares in the last quarter. Finally, NWF Advisory Services Inc. acquired a new position in Cameco during the third quarter worth about $1,996,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on CCJ. Wall Street Zen lowered shares of Cameco from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Glj Research reissued a “buy” rating and issued a $171.20 price objective (up from $100.00) on shares of Cameco in a research report on Wednesday, February 18th. National Bank Financial reissued an “outperform” rating on shares of Cameco in a research note on Thursday, November 6th. Weiss Ratings raised Cameco from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Finally, Zacks Research cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Cameco presently has an average rating of “Moderate Buy” and a consensus price target of $143.03.

Cameco Price Performance

CCJ opened at $118.36 on Friday. The company has a quick ratio of 1.68, a current ratio of 2.47 and a debt-to-equity ratio of 0.14. Cameco Corporation has a 52-week low of $35.00 and a 52-week high of $135.24. The company has a 50 day moving average of $111.91 and a two-hundred day moving average of $94.86. The company has a market cap of $51.55 billion, a P/E ratio of 122.02 and a beta of 0.99.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Friday, February 13th. The basic materials company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.07. Cameco had a net margin of 17.00% and a return on equity of 9.35%. The business had revenue of $874.57 million for the quarter, compared to analyst estimates of $782.13 million. During the same quarter in the previous year, the business posted $0.36 EPS. The business’s quarterly revenue was up 1.5% on a year-over-year basis. On average, analysts expect 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.