OneDigital Investment Advisors LLC Acquires Shares of 17,111 Cameco Corporation $CCJ

OneDigital Investment Advisors LLC bought a new position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 17,111 shares of the basic materials company’s stock, valued at approximately $1,743,000.

Other institutional investors have also made changes to their positions in the company. Sterling Capital Management LLC acquired a new stake in shares of Cameco during the first quarter valued at approximately $30,000. Brown Lisle Cummings Inc. boosted its stake in Cameco by 3,200.0% in the 1st quarter. Brown Lisle Cummings Inc. now owns 297 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 288 shares during the period. Mcguire Capital Advisors Inc. purchased a new position in Cameco during the 4th quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd grew its position in Cameco by 30,700.0% during the 4th 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 in the last quarter. Finally, Sunbelt Securities Inc. raised its stake in Cameco by 928.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 325 shares during the period. 70.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CCJ has been the subject of a number of research analyst reports. Sanford C. Bernstein restated an “outperform” rating and issued a $135.00 target price on shares of Cameco in a report on Monday, June 15th. Citigroup reissued a “positive” rating on shares of Cameco in a research note on Wednesday, July 15th. Scotiabank reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of Cameco in a research note on Wednesday, May 6th. William Blair began coverage on shares of Cameco in a report on Monday, April 20th. They issued an “outperform” rating for the company. Finally, Truist Financial increased their target price on shares of Cameco from $129.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday. Fourteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $145.68.

Cameco Price Performance

Shares of Cameco stock opened at $97.74 on Monday. The company has a current ratio of 3.06, a quick ratio of 2.10 and a debt-to-equity ratio of 0.14. The firm has a fifty day simple moving average of $96.44 and a 200-day simple moving average of $108.43. The stock has a market capitalization of $42.57 billion, a price-to-earnings ratio of 165.66, a PEG ratio of 1.67 and a beta of 1.05. Cameco Corporation has a 1-year low of $68.96 and a 1-year high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Friday, July 31st. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.13). The firm had revenue of $573.06 million during the quarter, compared to analyst estimates of $579.60 million. Cameco had a net margin of 10.20% and a return on equity of 7.59%. The business’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 earnings per share. On average, sell-side analysts expect that Cameco Corporation will post 1.27 earnings per share for the current year.

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.