EverSource Wealth Advisors LLC Increases Holdings in Cameco Co. (NYSE:CCJ)

EverSource Wealth Advisors LLC raised its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 445.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,220 shares of the basic materials company’s stock after buying an additional 2,630 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Cameco were worth $146,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP increased its position in Cameco by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 504,348 shares of the basic materials company’s stock worth $21,737,000 after purchasing an additional 1,857 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Cameco in the 4th quarter valued at approximately $685,000. Corient Private Wealth LLC increased its holdings in shares of Cameco by 108.9% during the 4th quarter. Corient Private Wealth LLC now owns 60,984 shares of the basic materials company’s stock worth $2,628,000 after buying an additional 31,785 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Cameco by 14.9% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 44,361 shares of the basic materials company’s stock valued at $1,912,000 after buying an additional 5,748 shares during the period. Finally, US Bancorp DE lifted its holdings in Cameco by 6.3% in the fourth quarter. US Bancorp DE now owns 26,160 shares of the basic materials company’s stock valued at $1,127,000 after acquiring an additional 1,549 shares during the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Stock Up 1.0 %

Shares of CCJ opened at $48.06 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.48 and a current ratio of 3.22. The stock has a market capitalization of $20.91 billion, a PE ratio of 123.23 and a beta of 0.90. The company’s 50-day simple moving average is $41.55 and its 200-day simple moving average is $46.60. Cameco Co. has a 1 year low of $35.18 and a 1 year high of $56.24.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.14). Cameco had a net margin of 9.72% and a return on equity of 5.63%. The business had revenue of $598.00 million during the quarter, compared to analysts’ expectations of $756.00 million. During the same period in the prior year, the business earned ($0.01) EPS. The business’s quarterly revenue was up 24.1% on a year-over-year basis. Analysts forecast that Cameco Co. will post 0.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CCJ has been the topic of a number of research analyst reports. National Bank Financial upgraded Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. The Goldman Sachs Group upped their target price on shares of Cameco from $56.00 to $62.00 and gave the company a “buy” rating in a research report on Friday, June 7th. Scotiabank dropped their price target on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Bank of America upped their price objective on shares of Cameco from $59.00 to $60.50 and gave the stock a “buy” rating in a report on Wednesday, June 26th. Finally, Glj Research reiterated a “buy” rating and issued a $63.73 target price on shares of Cameco in a report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $67.25.

Cameco 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.