5,069 Shares in Cameco Corporation $CCJ Bought by Wedbush Fund Advisers LLC

Wedbush Fund Advisers LLC acquired a new stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,069 shares of the basic materials company’s stock, valued at approximately $516,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mcguire Capital Advisors Inc. purchased a new stake in shares of Cameco in the fourth quarter worth $28,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Cameco by 30,700.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 307 shares during the last quarter. Sterling Capital Management LLC purchased a new stake in Cameco during the 1st quarter valued at $30,000. Sunbelt Securities Inc. increased its position in Cameco by 928.6% during the third quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 325 shares during the last quarter. Finally, Brown Lisle Cummings Inc. lifted its stake in shares of 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. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CCJ. Royal Bank Of Canada raised their target price on Cameco from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. Weiss Ratings lowered Cameco from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, August 12th. Scotiabank reissued an “outperform” rating and set a $175.00 price target on shares of Cameco in a report on Wednesday, May 6th. Sanford C. Bernstein reissued an “outperform” rating and set a $135.00 target price on shares of Cameco in a research note on Monday, June 15th. Finally, Barclays dropped their price target on Cameco from $104.00 to $97.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 4th. Fourteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $145.68.

Cameco Trading Up 4.7%

Shares of Cameco stock opened at $107.03 on Wednesday. Cameco Corporation has a twelve month low of $73.20 and a twelve month high of $135.24. The company has a quick ratio of 2.10, a current ratio of 3.06 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average price of $96.10 and a 200-day moving average price of $107.18. The firm has a market cap of $46.61 billion, a price-to-earnings ratio of 181.40, a PEG ratio of 1.75 and a beta of 1.05.

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