9,237 Shares in Cameco Co. (NYSE:CCJ) Purchased by Moss Adams Wealth Advisors LLC

Moss Adams Wealth Advisors LLC bought a new stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) during the 3rd quarter, HoldingsChannel reports. The fund bought 9,237 shares of the basic materials company’s stock, valued at approximately $441,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CCJ. Vanguard Group Inc. boosted its position in shares of Cameco by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 15,911,954 shares of the basic materials company’s stock worth $689,306,000 after acquiring an additional 200,871 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Cameco by 2.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,711,154 shares of the basic materials company’s stock valued at $593,967,000 after purchasing an additional 288,400 shares during the last quarter. Capital World Investors lifted its position in shares of Cameco by 1.6% during the 1st quarter. Capital World Investors now owns 13,708,235 shares of the basic materials company’s stock worth $593,524,000 after buying an additional 215,741 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Cameco by 3.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,514,500 shares of the basic materials company’s stock valued at $282,210,000 after buying an additional 202,157 shares in the last quarter. Finally, William Blair Investment Management LLC grew its position in Cameco by 6.8% in the second quarter. William Blair Investment Management LLC now owns 4,160,009 shares of the basic materials company’s stock valued at $204,672,000 after acquiring an additional 265,196 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Stock Up 2.4 %

Shares of NYSE:CCJ opened at $58.02 on Friday. The firm has a market cap of $25.25 billion, a P/E ratio of 148.76 and a beta of 0.90. Cameco Co. has a 12-month low of $35.43 and a 12-month high of $58.65. The business has a fifty day simple moving average of $44.42 and a 200 day simple moving average of $47.66. The company has a quick ratio of 1.48, a current ratio of 3.22 and a debt-to-equity ratio of 0.23.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). Cameco had a return on equity of 5.63% and a net margin of 9.72%. The company had revenue of $598.00 million during the quarter, compared to analyst estimates of $756.00 million. During the same period in the prior year, the firm earned ($0.01) earnings per share. Cameco’s revenue was up 24.1% compared to the same quarter last year. Analysts predict that Cameco Co. will post 0.83 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on CCJ. Glj Research reaffirmed a “buy” rating and set a $63.73 price target on shares of Cameco in a report on Wednesday, August 14th. Cantor Fitzgerald upgraded shares of Cameco from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 31st. Scotiabank dropped their price target on Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. National Bank Financial upgraded Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. Finally, Bank of America increased their target price on Cameco from $59.00 to $60.50 and gave the company a “buy” rating in a research report on Wednesday, June 26th. One analyst has rated the stock with a sell rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Cameco has an average rating of “Buy” and an average target price of $66.56.

Cameco Company Profile

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.