Tcfg Wealth Management LLC Has $1.64 Million Position in Cameco Corporation $CCJ

Tcfg Wealth Management LLC lessened its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 39.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 15,115 shares of the basic materials company’s stock after selling 9,760 shares during the period. Tcfg Wealth Management LLC’s holdings in Cameco were worth $1,642,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Cameco by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 18,059,335 shares of the basic materials company’s stock worth $1,653,639,000 after buying an additional 258,193 shares in the last quarter. Capital World Investors grew its holdings in Cameco by 0.3% during the 4th quarter. Capital World Investors now owns 13,545,354 shares of the basic materials company’s stock worth $1,240,047,000 after acquiring an additional 41,430 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Cameco by 0.7% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,973,799 shares of the basic materials company’s stock valued at $1,089,080,000 after acquiring an additional 85,762 shares in the last quarter. Van ECK Associates Corp increased its position in Cameco by 15.6% in the 4th quarter. Van ECK Associates Corp now owns 6,292,995 shares of the basic materials company’s stock valued at $575,771,000 after acquiring an additional 849,188 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of Cameco by 7.0% in the fourth quarter. Morgan Stanley now owns 4,978,333 shares of the basic materials company’s stock worth $455,468,000 after acquiring an additional 323,693 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Stock Performance

Cameco stock opened at $101.79 on Wednesday. The company has a market cap of $44.33 billion, a PE ratio of 94.25, a PEG ratio of 1.89 and a beta of 0.99. The company has a current ratio of 3.08, a quick ratio of 2.09 and a debt-to-equity ratio of 0.14. Cameco Corporation has a 1 year low of $68.96 and a 1 year high of $135.24. The company’s 50-day moving average is $110.79 and its two-hundred day moving average is $110.59.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Canadian Imperial Bank of Commerce upped their target price on shares of Cameco to $202.00 in a research report on Monday, March 9th. Royal Bank Of Canada boosted their price objective on shares of Cameco from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Monday. William Blair began coverage on Cameco in a report on Monday, April 20th. They set an “outperform” rating on the stock. Barclays began coverage on Cameco in a research report on Thursday, May 21st. They issued an “equal weight” rating and a $108.00 price objective on the stock. Finally, Scotiabank reissued an “outperform” rating and issued a $175.00 target price on shares of Cameco in a research note on Wednesday, May 6th. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cameco has an average rating of “Moderate Buy” and an average target price of $148.92.

Cameco Company 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.