Cameco Corporation $CCJ Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lessened its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 19.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 53,686 shares of the basic materials company’s stock after selling 13,308 shares during the quarter. Corient Private Wealth LLC’s holdings in Cameco were worth $4,912,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Nisa Investment Advisors LLC acquired a new position in Cameco in the 4th quarter valued at about $25,000. Founders Capital Management acquired a new stake in shares of Cameco during the fourth quarter worth about $27,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of Cameco during the fourth quarter worth about $28,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Cameco by 30,700.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 307 shares during the period. Finally, Strategic Advocates LLC purchased a new position in shares of Cameco in the third quarter valued at approximately $28,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CCJ. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $135.00 target price on shares of Cameco in a research note on Monday, June 15th. Weiss Ratings cut shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Canadian Imperial Bank of Commerce boosted their price target on shares of Cameco to $202.00 in a research note on Monday, March 9th. William Blair started coverage on Cameco in a research report on Monday, April 20th. They set an “outperform” rating on the stock. Finally, Barclays began coverage on Cameco in a research note on Thursday, May 21st. They issued an “equal weight” rating and a $108.00 price objective on the stock. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $147.42.

Cameco Stock Up 0.9%

CCJ stock opened at $104.54 on Friday. Cameco Corporation has a 52 week low of $68.96 and a 52 week high of $135.24. The company has a market cap of $45.53 billion, a P/E ratio of 96.80, a P/E/G ratio of 1.89 and a beta of 0.99. The company’s 50-day moving average price is $111.50 and its 200 day moving average price is $110.32. The company has a current ratio of 3.08, a quick ratio of 2.09 and a debt-to-equity ratio of 0.14.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.05. The firm 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%.Cameco’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 earnings per share. On average, research analysts expect that Cameco Corporation will post 1.21 earnings per share for the current fiscal year.

Cameco Company 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.