6,551 Shares in Cameco Co. (NYSE:CCJ) Bought by PFG Investments LLC

PFG Investments LLC purchased a new stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,551 shares of the basic materials company’s stock, valued at approximately $322,000.

A number of other hedge funds also recently made changes to their positions in CCJ. LRI Investments LLC acquired a new stake in shares of Cameco during the 1st quarter valued at about $26,000. Principal Securities Inc. acquired a new stake in Cameco during the fourth quarter valued at approximately $29,000. Lindbrook Capital LLC grew its stake in shares of Cameco by 26.0% in the 1st quarter. Lindbrook Capital LLC now owns 1,070 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 221 shares during the period. Larson Financial Group LLC raised its holdings in shares of Cameco by 99.3% in the 1st quarter. Larson Financial Group LLC now owns 1,204 shares of the basic materials company’s stock worth $52,000 after buying an additional 600 shares in the last quarter. Finally, Crewe Advisors LLC bought a new position in shares of Cameco during the 1st quarter worth approximately $87,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Performance

Shares of Cameco stock opened at $40.71 on Friday. The firm has a 50 day simple moving average of $42.98 and a 200 day simple moving average of $46.47. Cameco Co. has a fifty-two week low of $35.18 and a fifty-two week high of $56.24. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.22 and a quick ratio of 1.48. The firm has a market cap of $17.72 billion, a P/E ratio of 104.38 and a beta of 0.90.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Wednesday, July 31st. The basic materials company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). The firm had revenue of $598.00 million for the quarter, compared to the consensus estimate of $756.00 million. Cameco had a return on equity of 5.63% and a net margin of 9.72%. The company’s revenue was up 24.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.01) EPS. Sell-side analysts predict that Cameco Co. will post 0.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Glj Research reiterated a “buy” rating and set a $63.73 price objective on shares of Cameco in a research note on Wednesday, August 14th. Cantor Fitzgerald raised shares of Cameco from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 31st. Scotiabank decreased their price objective on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. The Goldman Sachs Group lifted their target price on shares of Cameco from $56.00 to $62.00 and gave the company a “buy” rating in a research note on Friday, June 7th. Finally, Bank of America increased their price target on Cameco from $59.00 to $60.50 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Cameco presently has an average rating of “Buy” and a consensus price target of $67.25.

Cameco Company Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.