Bridgewater Advisors Inc. Buys New Shares in Cameco Corporation $CCJ

Bridgewater Advisors Inc. purchased a new stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,237 shares of the basic materials company’s stock, valued at approximately $255,000.

A number of other hedge funds have also recently bought and sold shares of CCJ. Wellington Shields Capital Management LLC raised its stake in shares of Cameco by 2.1% during the 2nd quarter. Wellington Shields Capital Management LLC now owns 14,900 shares of the basic materials company’s stock worth $1,106,000 after purchasing an additional 300 shares in the last quarter. K.J. Harrison & Partners Inc increased its holdings in Cameco by 102.6% during the second quarter. K.J. Harrison & Partners Inc now owns 15,307 shares of the basic materials company’s stock worth $1,135,000 after buying an additional 7,750 shares during the last quarter. iA Global Asset Management Inc. acquired a new position in Cameco during the second quarter worth $37,846,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Cameco during the second quarter worth $390,000. Finally, Creative Financial Designs Inc. ADV lifted its stake in Cameco by 936.2% in the second quarter. Creative Financial Designs Inc. ADV now owns 487 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 440 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group boosted their price objective on shares of Cameco from $95.00 to $109.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. UBS Group set a $102.00 price target on Cameco in a report on Tuesday, September 9th. BMO Capital Markets restated an “outperform” rating on shares of Cameco in a research note on Friday, August 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cameco in a research note on Wednesday, October 8th. Finally, TD Securities reissued a “buy” rating on shares of Cameco in a report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $102.61.

Cameco Price Performance

Cameco stock opened at $96.92 on Wednesday. The company has a market capitalization of $42.20 billion, a price-to-earnings ratio of 111.40 and a beta of 0.99. The company has a current ratio of 2.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.15. Cameco Corporation has a 12 month low of $35.00 and a 12 month high of $110.15. The stock’s 50 day moving average is $85.80 and its 200-day moving average is $72.54.

Cameco 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.