Cameco Corporation $CCJ Shares Sold by Klein Pavlis & Peasley Financial Inc.

Klein Pavlis & Peasley Financial Inc. reduced its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 14.1% during the 1st quarter, Holdings Channel reports. The fund owned 68,421 shares of the basic materials company’s stock after selling 11,254 shares during the quarter. Cameco makes up approximately 4.1% of Klein Pavlis & Peasley Financial Inc.’s portfolio, making the stock its 2nd biggest position. Klein Pavlis & Peasley Financial Inc.’s holdings in Cameco were worth $7,431,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Sterling Capital Management LLC bought a new position in Cameco in the 1st quarter valued at $30,000. Nisa Investment Advisors LLC acquired a new position in Cameco during the 4th quarter worth about $25,000. Brown Lisle Cummings Inc. grew its holdings in Cameco by 3,200.0% during the 1st quarter. Brown Lisle Cummings Inc. now owns 297 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 288 shares during the last quarter. Founders Capital Management acquired a new stake in Cameco in the 4th quarter valued at about $27,000. Finally, Mcguire Capital Advisors Inc. acquired a new position in shares of Cameco during the fourth quarter worth approximately $28,000. 70.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CCJ shares. Canadian Imperial Bank of Commerce lifted their target price on Cameco to $202.00 in a research note on Monday, March 9th. Barclays assumed coverage on shares of Cameco in a research note on Thursday, May 21st. They issued an “equal weight” rating and a $108.00 target price on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $135.00 price objective on shares of Cameco in a research note on Monday, June 15th. Weiss Ratings lowered Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Finally, TD Securities lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $148.92.

Cameco Price Performance

NYSE CCJ opened at $103.55 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.09 and a current ratio of 3.08. The stock has a market cap of $45.10 billion, a price-to-earnings ratio of 95.88, a PEG ratio of 1.91 and a beta of 0.99. The business has a 50 day simple moving average of $111.17 and a 200 day simple moving average of $110.53. Cameco Corporation has a 52-week low of $68.96 and a 52-week high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share for the quarter, beating 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%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.16 earnings per share. Analysts anticipate that Cameco Corporation will post 1.21 earnings per share 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.