Arkadios Wealth Advisors Purchases Shares of 11,827 Cameco Corporation $CCJ

Arkadios Wealth Advisors acquired a new position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 11,827 shares of the basic materials company’s stock, valued at approximately $878,000.

Several other institutional investors have also recently made changes to their positions in the business. Alliancebernstein L.P. lifted its holdings in Cameco by 39.3% in the 1st quarter. Alliancebernstein L.P. now owns 14,048,244 shares of the basic materials company’s stock worth $578,226,000 after purchasing an additional 3,959,837 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of Cameco by 215.7% during the first quarter. Canada Pension Plan Investment Board now owns 2,031,332 shares of the basic materials company’s stock valued at $83,636,000 after buying an additional 1,387,797 shares during the last quarter. Temasek Holdings Private Ltd purchased a new position in shares of Cameco in the first quarter worth $55,513,000. Nuveen LLC bought a new position in shares of Cameco during the first quarter worth $29,290,000. Finally, AGF Management Ltd. grew its stake in Cameco by 19.0% during the first quarter. AGF Management Ltd. now owns 4,037,646 shares of the basic materials company’s stock valued at $166,206,000 after acquiring an additional 644,413 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Stock Down 2.4%

NYSE CCJ opened at $102.18 on Monday. The company has a quick ratio of 2.00, a current ratio of 2.96 and a debt-to-equity ratio of 0.15. Cameco Corporation has a 52 week low of $35.00 and a 52 week high of $110.15. The firm has a market capitalization of $44.49 billion, a price-to-earnings ratio of 117.44 and a beta of 0.99. The company has a fifty day moving average of $84.88 and a two-hundred day moving average of $71.72.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Thursday, July 31st. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.22. Cameco had a net margin of 14.97% and a return on equity of 8.21%. The firm had revenue of $467.72 million during the quarter, compared to analyst estimates of $819.79 million. During the same quarter last year, the business earned $0.14 EPS. The business’s revenue was up 46.7% on a year-over-year basis. On average, analysts predict that Cameco Corporation will post 1.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on CCJ. TD Securities reissued a “buy” rating on shares of Cameco in a report on Tuesday, August 5th. The Goldman Sachs Group increased their price target on Cameco from $95.00 to $109.00 and gave the company a “buy” rating in a research note on Wednesday. Royal Bank Of Canada raised their price target on Cameco from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, August 1st. BMO Capital Markets reaffirmed an “outperform” rating on shares of Cameco in a report on Friday, August 29th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Cameco in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $102.61.

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.