International Assets Investment Management LLC Makes New $95.83 Million Investment in Cameco Co. (NYSE:CCJ)

International Assets Investment Management LLC acquired a new stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) during the third quarter, HoldingsChannel.com reports. The fund acquired 200,640 shares of the basic materials company’s stock, valued at approximately $95,830,000.

A number of other institutional investors also recently modified their holdings of the company. 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 holdings in shares of Cameco by 71.5% during the 3rd 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 in the last quarter. Larson Financial Group LLC grew its position in shares of Cameco by 99.3% during the 1st quarter. Larson Financial Group LLC now owns 1,204 shares of the basic materials company’s stock worth $52,000 after buying an additional 600 shares during the period. Blue Trust Inc. increased its stake in shares of Cameco by 68.8% in the 3rd quarter. Blue Trust Inc. now owns 1,575 shares of the basic materials company’s stock valued at $77,000 after acquiring an additional 642 shares in the last quarter. Finally, Crewe Advisors LLC acquired a new position in shares of Cameco during the 1st quarter valued at $87,000. 70.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Cameco Price Performance

Shares of NYSE CCJ opened at $53.79 on Friday. Cameco Co. has a fifty-two week low of $35.43 and a fifty-two week high of $58.72. The stock has a market cap of $23.41 billion, a price-to-earnings ratio of 137.92 and a beta of 0.90. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.48 and a current ratio of 3.22. The firm’s 50-day simple moving average is $45.96 and its 200 day simple moving average is $47.89.

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

About Cameco

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.