5,564 Shares in Cameco Corporation $CCJ Purchased by Vertrix Wealth Management LLC

Vertrix Wealth Management LLC purchased a new stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,564 shares of the basic materials company’s stock, valued at approximately $567,000.

Several other large investors have also recently added to or reduced their stakes in CCJ. Norges Bank bought a new stake in shares of Cameco during the fourth quarter valued at approximately $443,265,000. Marshall Wace LLP lifted its position in Cameco by 7,481.3% in the fourth quarter. Marshall Wace LLP now owns 1,752,571 shares of the basic materials company’s stock worth $160,343,000 after purchasing an additional 1,729,454 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Cameco by 14,338.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,112,080 shares of the basic materials company’s stock worth $101,744,000 after purchasing an additional 1,104,378 shares during the period. Man Group plc boosted its stake in Cameco by 126.3% during the third quarter. Man Group plc now owns 1,698,728 shares of the basic materials company’s stock worth $142,455,000 after buying an additional 948,068 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its stake in Cameco by 1,339.8% during the fourth quarter. Corient Private Wealth LLC now owns 964,552 shares of the basic materials company’s stock worth $88,247,000 after buying an additional 897,558 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CCJ. Citigroup restated a “positive” rating on shares of Cameco in a research note on Wednesday, July 15th. William Blair began coverage on shares of Cameco in a research note on Monday, April 20th. They issued an “outperform” rating on the stock. Wall Street Zen lowered shares of Cameco from a “hold” rating to a “sell” rating in a research report on Saturday. Truist Financial assumed coverage on shares of Cameco in a research note on Monday, July 13th. They set a “buy” rating and a $129.00 price target for the company. Finally, Royal Bank Of Canada upped their price objective on Cameco from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Cameco has an average rating of “Moderate Buy” and a consensus price target of $145.60.

Cameco Stock Down 0.0%

CCJ opened at $97.39 on Monday. The firm has a market cap of $42.42 billion, a price-to-earnings ratio of 165.06, a PEG ratio of 1.55 and a beta of 1.05. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.10 and a current ratio of 3.06. The firm’s 50-day simple moving average is $97.94 and its 200-day simple moving average is $109.23. Cameco Corporation has a twelve month low of $68.96 and a twelve month high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Friday, July 31st. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.13). The firm had revenue of $573.06 million for the quarter, compared to the consensus estimate of $579.60 million. Cameco had a net margin of 10.20% and a return on equity of 7.59%. The company’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.71 earnings per share. Equities research analysts anticipate that Cameco Corporation will post 1.36 EPS for the current fiscal 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.