NWF Advisory Services Inc. Sells 10,647 Shares of Cameco Corporation $CCJ

NWF Advisory Services Inc. lessened its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 44.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,156 shares of the basic materials company’s stock after selling 10,647 shares during the period. NWF Advisory Services Inc.’s holdings in Cameco were worth $1,204,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of CCJ. Vanguard Group Inc. increased its holdings in Cameco by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 18,059,335 shares of the basic materials company’s stock valued at $1,653,639,000 after purchasing an additional 258,193 shares during the period. Capital World Investors lifted 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 buying an additional 41,430 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of 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 buying an additional 85,762 shares during the last quarter. Van ECK Associates Corp grew its position in shares of 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 buying an additional 849,188 shares during the last quarter. Finally, Morgan Stanley grew its position in shares of Cameco by 7.0% in the 4th quarter. Morgan Stanley now owns 4,978,333 shares of the basic materials company’s stock valued at $455,468,000 after buying an additional 323,693 shares during the last quarter. Institutional investors own 70.21% of the company’s stock.

Cameco Stock Performance

Shares of Cameco stock opened at $106.57 on Friday. 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 business has a 50-day moving average price of $112.56 and a two-hundred day moving average price of $109.76. Cameco Corporation has a 1-year low of $67.60 and a 1-year high of $135.24. The company has a market cap of $46.41 billion, a P/E ratio of 98.68, a PEG ratio of 1.94 and a beta of 0.99.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Barclays assumed coverage on Cameco in a research report on Thursday, May 21st. They set an “equal weight” rating and a $108.00 price objective for the company. Scotiabank reiterated an “outperform” rating and issued a $175.00 target price on shares of Cameco in a report on Wednesday, May 6th. TD Securities downgraded shares of Cameco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. William Blair began coverage on shares of Cameco in a report on Monday, April 20th. They set an “outperform” rating for the company. Finally, Weiss Ratings lowered shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Eleven investment 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, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $147.42.

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.