Foundations Investment Advisors LLC Purchases New Position in Cameco Corporation $CCJ

Foundations Investment Advisors LLC purchased a new stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,466 shares of the basic materials company’s stock, valued at approximately $500,000.

Other institutional investors also recently bought and sold shares of the company. Allianz Asset Management GmbH raised its position in Cameco by 278.3% during the third quarter. Allianz Asset Management GmbH now owns 145,429 shares of the basic materials company’s stock valued at $12,208,000 after acquiring an additional 106,987 shares in the last quarter. Mediolanum International Funds Ltd increased its position in shares of Cameco by 165.5% in the third quarter. Mediolanum International Funds Ltd now owns 34,267 shares of the basic materials company’s stock valued at $2,894,000 after buying an additional 21,361 shares in the last quarter. Legal & General Group Plc increased its position in shares of Cameco by 4.6% in the third quarter. Legal & General Group Plc now owns 2,483,216 shares of the basic materials company’s stock valued at $208,450,000 after buying an additional 108,841 shares in the last quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new stake in shares of Cameco in the fourth quarter valued at approximately $1,974,000. Finally, Caprock Group LLC purchased a new stake in shares of Cameco in the third quarter valued at approximately $1,066,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Stock Up 0.0%

Cameco stock opened at $112.71 on Tuesday. Cameco Corporation has a twelve month low of $58.18 and a twelve month high of $135.24. The stock has a 50 day moving average of $113.12 and a two-hundred day moving average of $107.90. The company has a current ratio of 3.08, a quick ratio of 2.09 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $49.09 billion, a price-to-earnings ratio of 104.37, a PEG ratio of 1.90 and a beta of 0.99.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.29 by $0.05. The business had revenue of $607.49 million during the quarter, compared to analysts’ expectations of $598.63 million. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm earned $0.16 EPS. As a group, research analysts expect that Cameco Corporation will post 1.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. William Blair assumed coverage on Cameco in a research note on Monday, April 20th. They set an “outperform” rating on the stock. Glj Research reissued a “buy” rating and set a $171.20 price objective (up from $100.00) on shares of Cameco in a research note on Wednesday, February 18th. Canadian Imperial Bank of Commerce boosted their price objective on Cameco to $202.00 in a research note on Monday, March 9th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $131.00 price target on shares of Cameco in a research note on Wednesday, February 4th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $147.00 price objective on shares of Cameco in a report on Thursday, February 5th. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Cameco currently has an average rating of “Moderate Buy” and an average target price of $148.62.

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.