Cameco Corporation $CCJ Shares Sold by Sheets Smith Wealth Management

Sheets Smith Wealth Management decreased its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 39.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,156 shares of the basic materials company’s stock after selling 4,707 shares during the period. Sheets Smith Wealth Management’s holdings in Cameco were worth $655,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Capital Wealth Advisors grew its position in shares of Cameco by 13.2% during the fourth quarter. Vanguard Capital Wealth Advisors now owns 22,398 shares of the basic materials company’s stock worth $2,049,000 after acquiring an additional 2,604 shares during the last quarter. Worth Financial Advisory Group LLC bought a new stake in Cameco in the 4th quarter valued at about $229,000. Founders Capital Management acquired a new position in Cameco during the 4th quarter valued at about $27,000. Nisa Investment Advisors LLC bought a new position in Cameco in the 4th quarter worth about $25,000. Finally, Nikulski Financial Inc. bought a new position in Cameco in the 4th quarter worth about $930,000. 70.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CCJ has been the topic of a number of recent analyst reports. Glj Research reaffirmed a “buy” rating and set a $171.20 price target (up from $100.00) on shares of Cameco in a report on Wednesday, February 18th. TD Securities cut Cameco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Royal Bank Of Canada lifted their target price on Cameco from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. Zacks Research lowered Cameco from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Finally, Weiss Ratings raised Cameco from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $150.40.

Cameco Trading Down 0.0%

Cameco stock opened at $112.52 on Friday. 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. The stock has a market capitalization of $49.01 billion, a PE ratio of 116.00 and a beta of 1.02. The firm has a 50 day simple moving average of $115.35 and a 200-day simple moving average of $100.90.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results 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. The firm had revenue of $874.57 million during the quarter, compared to the consensus estimate of $782.13 million. Cameco had a return on equity of 9.35% and a net margin of 17.00%.The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.36 earnings per share. As a group, equities research analysts expect 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.