WCG Wealth Advisors LLC Buys Shares of 72,650 Cameco Corporation $CCJ

WCG Wealth Advisors LLC bought a new stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the 4th quarter, Holdings Channel reports. The firm bought 72,650 shares of the basic materials company’s stock, valued at approximately $6,647,000.

Other large investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC purchased a new stake in shares of Cameco in the fourth quarter valued at approximately $25,000. Founders Capital Management bought a new position in Cameco in the fourth quarter worth approximately $27,000. Strategic Advocates LLC bought a new position in Cameco in the third quarter worth approximately $28,000. Sunbelt Securities Inc. raised its stake in Cameco by 928.6% in the third quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock worth $30,000 after buying an additional 325 shares in the last quarter. Finally, Delos Wealth Advisors LLC raised its stake in Cameco by 60.0% in the third quarter. Delos Wealth Advisors LLC now owns 400 shares of the basic materials company’s stock worth $34,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Price Performance

NYSE CCJ opened at $114.81 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.08 and a quick ratio of 2.09. The stock’s fifty day moving average price is $113.68 and its 200 day moving average price is $108.30. Cameco Corporation has a 1 year low of $59.10 and a 1 year high of $135.24. The company has a market cap of $50.00 billion, a price-to-earnings ratio of 106.31, a PEG ratio of 2.04 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. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The company had revenue of $607.49 million for the quarter, compared to analyst estimates of $598.63 million. During the same period in the prior year, the company earned $0.16 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. As a group, equities research analysts forecast that Cameco Corporation will post 1.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on CCJ shares. Barclays started coverage on shares of Cameco in a research note on Thursday, May 21st. They issued an “equal weight” rating and a $108.00 price objective for the company. William Blair started coverage on shares of Cameco in a research note on Monday, April 20th. They issued an “outperform” rating for the company. Canadian Imperial Bank of Commerce boosted their price objective on shares of Cameco to $202.00 in a research note on Monday, March 9th. TD Securities downgraded shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Finally, Glj Research reaffirmed a “buy” rating and set a $171.20 price target (up from $100.00) on shares of Cameco in a research report on Wednesday, February 18th. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $148.62.

Cameco 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.