Dynamic Advisor Solutions LLC Acquires 10,345 Shares of Cameco Corporation $CCJ

Dynamic Advisor Solutions LLC lifted its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 208.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,312 shares of the basic materials company’s stock after purchasing an additional 10,345 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Cameco were worth $1,401,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Financial Consulate Inc. bought a new position in Cameco in the third quarter worth approximately $25,000. Strategic Advocates LLC bought a new position in Cameco in the third quarter worth about $28,000. Armstrong Advisory Group Inc. lifted its position in Cameco by 110.3% during the third quarter. Armstrong Advisory Group Inc. now owns 347 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 182 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in shares of Cameco by 928.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 325 shares during the last quarter. Finally, Delos Wealth Advisors LLC boosted its holdings in Cameco by 60.0% in the third quarter. Delos Wealth Advisors LLC now owns 400 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 150 shares in the last quarter. Institutional investors own 70.21% of the company’s stock.

Cameco Stock Up 0.9%

Shares of NYSE:CCJ opened at $108.98 on Thursday. The stock has a market cap of $47.46 billion, a P/E ratio of 112.35 and a beta of 0.98. Cameco Corporation has a 1-year low of $35.00 and a 1-year high of $135.24. The firm has a fifty day moving average price of $116.82 and a 200 day moving average price of $99.52. 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 announced its quarterly earnings data on Friday, February 13th. The basic materials company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.07. The company had revenue of $874.57 million during the quarter, compared to the consensus estimate of $782.13 million. Cameco had a net margin of 17.00% and a return on equity of 9.35%. Cameco’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.36 EPS. Sell-side analysts predict that Cameco Corporation will post 1.27 EPS for the current year.

Analyst Upgrades and Downgrades

CCJ has been the topic of a number of research reports. Canadian Imperial Bank of Commerce increased their price objective on Cameco to $202.00 in a report on Monday, March 9th. The Goldman Sachs Group reiterated a “buy” rating and set a $131.00 target price on shares of Cameco in a research report on Wednesday, February 4th. Zacks Research lowered Cameco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Royal Bank Of Canada raised their target price on shares of Cameco from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Finally, Weiss Ratings raised shares of Cameco from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Thirteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $150.40.

Cameco 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.