Jones Financial Companies Lllp Grows Stock Position in Cameco Corporation $CCJ

Jones Financial Companies Lllp increased its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 39.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,585 shares of the basic materials company’s stock after purchasing an additional 6,707 shares during the quarter. Jones Financial Companies Lllp’s holdings in Cameco were worth $2,018,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CCJ. International Assets Investment Management LLC grew its holdings in shares of Cameco by 3.1% during the third quarter. International Assets Investment Management LLC now owns 3,938 shares of the basic materials company’s stock worth $330,000 after buying an additional 120 shares in the last quarter. Lee Johnson Capital Management LLC grew its stake in Cameco by 1.2% during the 3rd quarter. Lee Johnson Capital Management LLC now owns 10,770 shares of the basic materials company’s stock valued at $903,000 after acquiring an additional 127 shares in the last quarter. Wealth Alliance LLC grew its stake in Cameco by 1.6% during the 2nd quarter. Wealth Alliance LLC now owns 10,036 shares of the basic materials company’s stock valued at $745,000 after acquiring an additional 154 shares in the last quarter. Versant Capital Management Inc raised its holdings in Cameco by 11.2% in the 3rd quarter. Versant Capital Management Inc now owns 1,590 shares of the basic materials company’s stock valued at $133,000 after acquiring an additional 160 shares during the last quarter. Finally, Colonial Trust Advisors lifted its stake in Cameco by 0.3% in the 2nd quarter. Colonial Trust Advisors now owns 59,753 shares of the basic materials company’s stock worth $4,435,000 after purchasing an additional 172 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Stock Performance

Shares of Cameco stock opened at $113.66 on Monday. The firm has a market cap of $49.49 billion, a PE ratio of 132.16 and a beta of 0.99. The company has a quick ratio of 1.85, a current ratio of 2.99 and a debt-to-equity ratio of 0.15. Cameco Corporation has a 52 week low of $35.00 and a 52 week high of $135.24. The business’s fifty day simple moving average is $103.70 and its 200-day simple moving average is $90.69.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CCJ. Weiss Ratings restated a “hold (c-)” rating on shares of Cameco in a research report on Monday, December 29th. National Bankshares reissued an “outperform” rating on shares of Cameco in a research note on Thursday, November 6th. Raymond James Financial reaffirmed 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 target on shares of Cameco in a report on Wednesday. Finally, Wall Street Zen lowered shares of Cameco from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Cameco currently has a consensus rating of “Buy” and an average price target of $131.39.

About Cameco

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.