Orion Porfolio Solutions LLC Cuts Stake in Cameco Corporation $CCJ

Orion Porfolio Solutions LLC decreased its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 13.7% during the 3rd quarter, Holdings Channel reports. The fund owned 36,912 shares of the basic materials company’s stock after selling 5,879 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Cameco were worth $3,095,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Financial Consulate Inc. purchased a new stake in Cameco in the 3rd quarter valued at approximately $25,000. Armstrong Advisory Group Inc. boosted its stake in shares of Cameco by 110.3% in the third quarter. Armstrong Advisory Group Inc. now owns 347 shares of the basic materials company’s stock valued at $29,000 after buying an additional 182 shares in the last quarter. VSM Wealth Advisory LLC acquired a new position in Cameco during the second quarter worth $35,000. Cullen Frost Bankers Inc. purchased a new position in Cameco in the third quarter worth $37,000. Finally, Tobam lifted its holdings in Cameco by 389.1% in the third quarter. Tobam now owns 450 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 358 shares during the period. 70.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Glj Research reaffirmed a “buy” rating and set a $171.20 price target (up from $100.00) on shares of Cameco in a research note on Wednesday, February 18th. Weiss Ratings raised shares of Cameco from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. The Goldman Sachs Group reissued a “buy” rating and set a $131.00 price target on shares of Cameco in a research note on Wednesday, February 4th. Royal Bank Of Canada raised their price objective on Cameco from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. Finally, Canadian Imperial Bank of Commerce boosted their target price on Cameco to $202.00 in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Cameco has a consensus rating of “Moderate Buy” and an average target price of $150.40.

Cameco Stock Up 6.1%

Shares of NYSE CCJ opened at $116.35 on Tuesday. The firm’s 50-day moving average is $114.84 and its two-hundred day moving average is $96.83. The company has a market capitalization of $50.67 billion, a PE ratio of 119.95 and a beta of 0.98. Cameco Corporation has a 12-month low of $35.00 and a 12-month high of $135.24. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.47 and a quick ratio of 1.68.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Friday, February 13th. The basic materials company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.07. Cameco had a net margin of 17.00% and a return on equity of 9.35%. The business had revenue of $874.57 million during the quarter, compared to analysts’ expectations of $782.13 million. During the same period last year, the company posted $0.36 EPS. The company’s revenue was up 1.5% on a year-over-year basis. Equities analysts anticipate that Cameco Corporation will post 1.27 EPS 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.