Envestnet Asset Management Inc. Sells 25,637 Shares of Cameco Corporation $CCJ

Envestnet Asset Management Inc. reduced its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 7.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 322,232 shares of the basic materials company’s stock after selling 25,637 shares during the period. Envestnet Asset Management Inc. owned 0.07% of Cameco worth $27,022,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Financial Consulate Inc. bought a new position in Cameco during the 3rd quarter valued at about $25,000. Armstrong Advisory Group Inc. increased its stake in shares of 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 buying an additional 182 shares during the period. VSM Wealth Advisory LLC bought a new stake in shares of Cameco in the 2nd quarter valued at about $35,000. Creative Financial Designs Inc. ADV raised its stake in Cameco by 936.2% in the second quarter. Creative Financial Designs Inc. ADV now owns 487 shares of the basic materials company’s stock worth $36,000 after buying an additional 440 shares in the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of Cameco during the 3rd quarter worth $37,000. Institutional investors own 70.21% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. The Goldman Sachs Group restated a “buy” rating and set a $131.00 target price on shares of Cameco in a research note on Wednesday, February 4th. Sanford C. Bernstein reissued an “outperform” rating and set a $147.00 target price on shares of Cameco in a research report on Thursday, February 5th. Wall Street Zen lowered shares of Cameco from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Scotiabank reiterated an “outperform” rating on shares of Cameco in a research note on Wednesday, October 29th. Finally, Royal Bank Of Canada dropped their price objective on shares of Cameco from $160.00 to $150.00 and set an “outperform” rating on the stock in a report on Thursday, November 13th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $131.39.

Cameco Price Performance

Shares of NYSE CCJ opened at $116.28 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.99 and a quick ratio of 1.85. The stock has a market capitalization of $50.64 billion, a price-to-earnings ratio of 135.21 and a beta of 0.99. The firm’s 50 day simple moving average is $105.99 and its 200-day simple moving average is $91.62. Cameco Corporation has a 12 month low of $35.00 and a 12 month high of $135.24.

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.