MinichMacGregor Wealth Management LLC Invests $243,000 in Cameco Co. (NYSE:CCJ)

MinichMacGregor Wealth Management LLC acquired a new stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,092 shares of the basic materials company’s stock, valued at approximately $243,000.

A number of other institutional investors also recently bought and sold shares of CCJ. LRI Investments LLC acquired a new stake in Cameco during the first quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Cameco by 71.5% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock worth $27,000 after buying an additional 238 shares during the period. JFS Wealth Advisors LLC grew its position in Cameco by 130.6% in the third quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company’s stock valued at $46,000 after acquiring an additional 550 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of Cameco by 99.3% during the first quarter. Larson Financial Group LLC now owns 1,204 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 600 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in Cameco by 68.8% in the third quarter. Blue Trust Inc. now owns 1,575 shares of the basic materials company’s stock valued at $77,000 after purchasing an additional 642 shares during the last quarter. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on CCJ. Glj Research restated a “buy” rating and issued a $63.73 price target on shares of Cameco in a research note on Wednesday, August 14th. Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a research note on Friday, October 4th. Scotiabank lowered their price target on Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a report on Monday, August 19th. National Bank Financial upgraded Cameco to a “strong-buy” rating in a research note on Tuesday, September 3rd. Finally, Cantor Fitzgerald upgraded shares of Cameco from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $66.56.

Cameco Price Performance

Shares of Cameco stock traded up $0.23 on Tuesday, hitting $51.38. The company had a trading volume of 513,771 shares, compared to its average volume of 4,389,488. Cameco Co. has a 52 week low of $35.43 and a 52 week high of $58.72. The company has a market cap of $22.36 billion, a PE ratio of 118.95 and a beta of 0.89. The business has a 50-day simple moving average of $47.37 and a 200-day simple moving average of $48.07. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.22 and a quick ratio of 1.48.

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.