Kercheville Advisors LLC Sells 6,810 Shares of Cameco Corporation $CCJ

Kercheville Advisors LLC reduced its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 13.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 43,227 shares of the basic materials company’s stock after selling 6,810 shares during the quarter. Cameco accounts for about 1.5% of Kercheville Advisors LLC’s investment portfolio, making the stock its 21st biggest holding. Kercheville Advisors LLC’s holdings in Cameco were worth $4,695,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Nisa Investment Advisors LLC bought a new stake in shares of Cameco in the fourth quarter worth approximately $25,000. Founders Capital Management purchased a new position in shares of Cameco during the fourth quarter valued at approximately $27,000. Strategic Advocates LLC bought a new position in Cameco during the third quarter valued at approximately $28,000. Mcguire Capital Advisors Inc. bought a new position in Cameco during the fourth quarter valued at approximately $28,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Cameco by 30,700.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 307 shares during the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. William Blair assumed coverage on shares of Cameco in a research report on Monday, April 20th. They issued an “outperform” rating for the company. Weiss Ratings cut Cameco from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Barclays initiated coverage on Cameco in a research note on Thursday, May 21st. They issued an “equal weight” rating and a $108.00 price target on the stock. Canadian Imperial Bank of Commerce lifted their price objective on Cameco to $202.00 in a report on Monday, March 9th. Finally, Scotiabank reiterated an “outperform” rating and set a $175.00 price objective on shares of Cameco in a research report on Wednesday, May 6th. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $147.42.

Cameco Stock Performance

CCJ opened at $108.78 on Wednesday. The company’s 50 day moving average is $112.25 and its 200 day moving average is $110.19. The company has a current ratio of 3.08, a quick ratio of 2.09 and a debt-to-equity ratio of 0.14. The company has a market cap of $47.38 billion, a price-to-earnings ratio of 100.72, a PEG ratio of 1.95 and a beta of 0.99. Cameco Corporation has a 12-month low of $68.96 and a 12-month high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The business had revenue of $607.49 million during the quarter, compared to analysts’ expectations of $598.63 million. During the same period in the prior year, the company earned $0.16 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. On average, equities research analysts predict that Cameco Corporation will post 1.21 EPS for the current year.

Cameco Profile

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.