RFG Advisory LLC Purchases New Holdings in Cameco Corporation $CCJ

RFG Advisory LLC acquired a new position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 21,300 shares of the basic materials company’s stock, valued at approximately $1,786,000.

A number of other large investors also recently bought and sold shares of CCJ. TD Asset Management Inc raised its position in Cameco by 3.7% in the second quarter. TD Asset Management Inc now owns 2,133,725 shares of the basic materials company’s stock worth $158,141,000 after acquiring an additional 77,081 shares in the last quarter. Abbington Investment Group purchased a new position in Cameco in the third quarter valued at about $6,506,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Cameco by 79.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 249,992 shares of the basic materials company’s stock valued at $20,964,000 after acquiring an additional 110,629 shares during the period. Nwam LLC boosted its stake in shares of Cameco by 11.7% during the 2nd quarter. Nwam LLC now owns 81,129 shares of the basic materials company’s stock worth $6,304,000 after acquiring an additional 8,519 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. purchased a new stake in shares of Cameco during the 2nd quarter worth approximately $281,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CCJ shares. Scotiabank restated an “outperform” rating on shares of Cameco in a report on Wednesday, October 29th. Raymond James Financial reiterated an “outperform” rating on shares of Cameco in a research note on Wednesday, January 14th. The Goldman Sachs Group reiterated a “buy” rating and set a $131.00 price objective on shares of Cameco in a report on Wednesday, February 4th. National Bankshares restated an “outperform” rating on shares of Cameco in a report on Thursday, November 6th. Finally, Glj Research reissued a “buy” rating and set a $99.74 price objective on shares of Cameco in a research note on Wednesday, December 3rd. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $131.39.

Cameco Trading Down 2.2%

CCJ opened at $118.02 on Wednesday. The firm’s 50 day moving average is $104.96 and its 200-day moving average is $91.25. Cameco Corporation has a 52-week low of $35.00 and a 52-week high of $135.24. The company has a quick ratio of 1.85, a current ratio of 2.99 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $51.39 billion, a P/E ratio of 137.23 and a beta of 0.99.

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.