Leo Wealth LLC Raises Stock Position in Cameco Corporation (NYSE:CCJ)

Leo Wealth LLC boosted its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 5.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,797 shares of the basic materials company’s stock after purchasing an additional 642 shares during the period. Leo Wealth LLC’s holdings in Cameco were worth $486,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CCJ. Hurley Capital LLC purchased a new stake in shares of Cameco in the 4th quarter valued at approximately $27,000. Copia Wealth Management purchased a new stake in shares of Cameco in the 4th quarter valued at approximately $39,000. Ameriflex Group Inc. purchased a new stake in shares of Cameco in the 4th quarter valued at approximately $40,000. CoreCap Advisors LLC raised its stake in shares of Cameco by 8,363.6% in the 4th quarter. CoreCap Advisors LLC now owns 931 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 920 shares during the period. Finally, Private Trust Co. NA raised its stake in shares of Cameco by 315.2% in the 1st quarter. Private Trust Co. NA now owns 1,229 shares of the basic materials company’s stock valued at $51,000 after acquiring an additional 933 shares during the period. 70.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CCJ has been the topic of a number of research analyst reports. Royal Bank Of Canada boosted their price target on shares of Cameco from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, June 20th. Sanford C. Bernstein set a $70.00 price target on shares of Cameco and gave the company an “outperform” rating in a research note on Tuesday, June 10th. Scotiabank reissued an “outperform” rating on shares of Cameco in a research note on Tuesday, July 8th. Desjardins began coverage on shares of Cameco in a report on Friday, April 4th. They issued a “buy” rating for the company. Finally, The Goldman Sachs Group lifted their price objective on shares of Cameco from $65.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, June 11th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $80.65.

Cameco Stock Up 3.5%

CCJ stock opened at $75.24 on Tuesday. The company has a fifty day moving average price of $63.16 and a 200 day moving average price of $51.82. Cameco Corporation has a 12 month low of $35.00 and a 12 month high of $75.90. The company has a market cap of $32.75 billion, a price-to-earnings ratio of 188.10 and a beta of 1.03. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.70 and a quick ratio of 1.26.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.07). The business had revenue of $549.58 million during the quarter, compared to analysts’ expectations of $890.07 million. Cameco had a net margin of 7.50% and a return on equity of 4.47%. The firm’s revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.13 EPS. Sell-side analysts expect that Cameco Corporation will post 1.27 earnings per share for the current year.

About Cameco

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.