Brookstone Capital Management Has $706,000 Stock Position in Cameco Corporation $CCJ

Brookstone Capital Management raised its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 207.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,721 shares of the basic materials company’s stock after acquiring an additional 5,212 shares during the quarter. Brookstone Capital Management’s holdings in Cameco were worth $706,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Consulate Inc. acquired a new position in Cameco during the third quarter worth $25,000. Strategic Advocates LLC acquired a new stake in Cameco in the 3rd quarter valued at $28,000. Armstrong Advisory Group Inc. lifted its position in Cameco by 110.3% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 347 shares of the basic materials company’s stock worth $29,000 after buying an additional 182 shares in the last quarter. Sunbelt Securities Inc. lifted its position in Cameco by 928.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock worth $30,000 after buying an additional 325 shares in the last quarter. Finally, Delos Wealth Advisors LLC boosted its stake in shares of Cameco by 60.0% during the 3rd quarter. Delos Wealth Advisors LLC now owns 400 shares of the basic materials company’s stock worth $34,000 after buying an additional 150 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Price Performance

NYSE:CCJ opened at $112.52 on Friday. The company has a market cap of $49.01 billion, a P/E ratio of 116.00 and a beta of 1.02. The firm’s fifty day moving average price is $115.35 and its two-hundred day moving average price is $100.90. Cameco Corporation has a one year low of $35.00 and a one year 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 posted its earnings results on Friday, February 13th. The basic materials company reported $0.36 earnings per share (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 analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the company posted $0.36 EPS. Equities analysts expect that Cameco Corporation will post 1.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. TD Securities cut Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. The Goldman Sachs Group reiterated a “buy” rating and set a $131.00 target price on shares of Cameco in a report on Wednesday, February 4th. Canadian Imperial Bank of Commerce raised their price target on Cameco to $202.00 in a research note on Monday, March 9th. Royal Bank Of Canada upped their price objective on Cameco from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $147.00 target price on shares of Cameco in a research note on Thursday, February 5th. Eleven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Cameco currently has a consensus rating of “Moderate Buy” and a consensus target price 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.