Cameco Co. (NYSE:CCJ) Stock Position Lifted by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 6.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,554 shares of the basic materials company’s stock after acquiring an additional 1,785 shares during the quarter. SG Americas Securities LLC’s holdings in Cameco were worth $1,258,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CCJ. Vanguard Capital Wealth Advisors bought a new stake in Cameco in the 4th quarter valued at $839,000. Sprott Inc. boosted its stake in Cameco by 44.5% during the 4th quarter. Sprott Inc. now owns 111,896 shares of the basic materials company’s stock worth $5,750,000 after acquiring an additional 34,483 shares during the last quarter. Aigen Investment Management LP bought a new position in Cameco during the 4th quarter worth approximately $930,000. Plato Investment Management Ltd bought a new position in Cameco in the fourth quarter valued at approximately $360,000. Finally, Tidal Investments LLC lifted its stake in Cameco by 44.7% in the fourth quarter. Tidal Investments LLC now owns 36,736 shares of the basic materials company’s stock valued at $1,888,000 after buying an additional 11,340 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Scotiabank restated an “outperform” rating on shares of Cameco in a report on Wednesday, May 14th. Stifel Canada upgraded shares of Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. Desjardins initiated coverage on shares of Cameco in a report on Friday, April 4th. They issued a “buy” rating for the company. UBS Group reiterated a “buy” rating on shares of Cameco in a report on Tuesday, June 10th. Finally, Wall Street Zen upgraded shares of Cameco from a “sell” rating to a “hold” rating in a report on Tuesday, May 13th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $75.63.

Cameco Trading Up 4.1%

Cameco stock opened at $69.41 on Tuesday. The stock has a market capitalization of $30.22 billion, a PE ratio of 247.89 and a beta of 0.97. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The business’s fifty day moving average is $51.37 and its 200 day moving average is $49.52. Cameco Co. has a one year low of $35.00 and a one year high of $71.31.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). The company had revenue of $549.58 million for the quarter, compared to analysts’ expectations of $890.07 million. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The firm’s quarterly revenue was up 24.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 earnings per share. On average, sell-side analysts predict that Cameco Co. will post 1.27 EPS for the current year.

About Cameco

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.