52,747 Shares in Cameco Corporation $CCJ Acquired by NTV Asset Management LLC

NTV Asset Management LLC acquired a new position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 52,747 shares of the basic materials company’s stock, valued at approximately $4,572,000.

A number of other hedge funds have also bought and sold shares of the business. Evergreen Capital Management LLC bought a new stake in Cameco during the 3rd quarter valued at $689,000. Wedbush Securities Inc. grew its holdings in shares of Cameco by 3.7% during the third quarter. Wedbush Securities Inc. now owns 5,461 shares of the basic materials company’s stock worth $473,000 after purchasing an additional 195 shares in the last quarter. Sterling Capital Management LLC lifted its position in Cameco by 33.5% during the third quarter. Sterling Capital Management LLC now owns 741 shares of the basic materials company’s stock valued at $64,000 after purchasing an additional 186 shares during the last quarter. Crescent Grove Advisors LLC purchased a new position in Cameco in the 3rd quarter worth approximately $386,000. Finally, Foster Victor Wealth Advisors LLC grew its stake in Cameco by 19.5% in the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 130,903 shares of the basic materials company’s stock worth $10,564,000 after buying an additional 21,370 shares in the last quarter. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CCJ. Bank of America decreased their price target on shares of Cameco from $143.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Wall Street Zen downgraded shares of Cameco from a “hold” rating to a “sell” rating in a report on Saturday, September 19th. Weiss Ratings raised shares of Cameco from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Royal Bank Of Canada upped their target price on shares of Cameco from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Monday, June 29th. Finally, Jefferies Financial Group started coverage on Cameco in a research note on Thursday, September 3rd. They issued a “buy” rating and a $138.00 target price on the stock. Twelve analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Cameco currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.10.

Cameco Stock Performance

Shares of NYSE CCJ opened at $78.62 on Friday. The stock has a market cap of $34.24 billion, a price-to-earnings ratio of 133.26, a P/E/G ratio of 1.60 and a beta of 1.17. The company has a current ratio of 3.06, a quick ratio of 2.10 and a debt-to-equity ratio of 0.14. Cameco Corporation has a 1-year low of $76.92 and a 1-year high of $135.24. The stock’s 50-day moving average is $92.30 and its 200 day moving average is $100.46.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Friday, July 31st. The basic materials company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.13). The firm had revenue of $573.06 million during the quarter, compared to the consensus estimate of $579.60 million. Cameco had a return on equity of 7.59% and a net margin of 10.20%. The business’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 EPS. On average, sell-side analysts anticipate that Cameco Corporation will post 1.09 EPS for the current fiscal year.

About Cameco

Cameco Corporation is a Canadian uranium company that explores for, mines, processes and supplies uranium used to generate nuclear power. The company produces uranium concentrates, commonly known as yellowcake, which are sold to nuclear utilities and other customers for conversion into nuclear fuel.

Cameco’s principal mining operations are located in northern Saskatchewan, including the McArthur River and Cigar Lake mines. It also operates the Key Lake uranium mill and has interests in uranium assets in Kazakhstan through the Inkai joint venture.