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

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

Several other hedge funds also recently added to or reduced their stakes in CCJ. Bison Wealth LLC lifted its stake in Cameco by 16.1% in the fourth quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company’s stock worth $1,102,000 after purchasing an additional 2,975 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Cameco by 16.6% during the 1st quarter. AQR Capital Management LLC now owns 9,547 shares of the basic materials company’s stock valued at $393,000 after acquiring an additional 1,361 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in Cameco by 48.7% during the 1st quarter. Integrated Wealth Concepts LLC now owns 8,485 shares of the basic materials company’s stock valued at $349,000 after acquiring an additional 2,780 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Cameco by 11.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 604,841 shares of the basic materials company’s stock valued at $24,895,000 after acquiring an additional 64,512 shares during the period. Finally, NewGen Equity Long Short Fund purchased a new stake in shares of Cameco during the second quarter valued at $14,252,000. 70.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CCJ has been the subject of several research reports. Weiss Ratings cut shares of Cameco from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, August 12th. Bank of America reduced their price objective on Cameco from $143.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Royal Bank Of Canada upped 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. Wall Street Zen downgraded Cameco from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Finally, Scotiabank reiterated an “outperform” rating and set a $175.00 target price on shares of Cameco in a report on Wednesday, May 6th. Fourteen 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.68.

Cameco Trading Up 4.7%

Shares of NYSE:CCJ opened at $107.03 on Wednesday. The company has a market capitalization of $46.61 billion, a PE ratio of 181.40, a P/E/G ratio of 1.75 and a beta of 1.05. The company has a current ratio of 3.06, a quick ratio of 2.10 and a debt-to-equity ratio of 0.14. Cameco Corporation has a 12-month low of $73.20 and a 12-month high of $135.24. The business’s fifty day simple moving average is $96.10 and its 200-day simple moving average is $107.18.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Friday, July 31st. The basic materials company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.13). Cameco had a return on equity of 7.59% and a net margin of 10.20%.The company had revenue of $573.06 million for the quarter, compared to analysts’ expectations of $579.60 million. During the same quarter last year, the company earned $0.71 earnings per share. The company’s revenue for the quarter was down 6.8% compared to the same quarter last year. As a group, equities research analysts predict that Cameco Corporation will post 1.27 earnings per share for the current fiscal 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.