Cameco Co. (NYSE:CCJ) Shares Sold by Laird Norton Wetherby Wealth Management LLC

Laird Norton Wetherby Wealth Management LLC lowered its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 14.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,282 shares of the basic materials company’s stock after selling 3,003 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in Cameco were worth $940,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CCJ. Roberts Wealth Advisors LLC purchased a new position in Cameco in the fourth quarter valued at approximately $895,000. Whalen Wealth Management Inc. acquired a new stake in shares of Cameco in the fourth quarter worth $445,000. Sprott Inc. raised its stake in shares of Cameco by 44.5% in the 4th quarter. Sprott Inc. now owns 111,896 shares of the basic materials company’s stock valued at $5,750,000 after acquiring an additional 34,483 shares during the period. Aigen Investment Management LP purchased a new stake in Cameco during the 4th quarter worth $930,000. Finally, Principal Financial Group Inc. boosted its position in Cameco by 1,138.1% during the 3rd quarter. Principal Financial Group Inc. now owns 267,431 shares of the basic materials company’s stock worth $12,774,000 after purchasing an additional 245,831 shares during the period. 70.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CCJ. Sanford C. Bernstein assumed coverage on Cameco in a research note on Tuesday, April 1st. They set an “outperform” rating and a $52.00 price objective on the stock. Glj Research boosted their price target on Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research report on Wednesday, March 12th. Stifel Nicolaus assumed coverage on shares of Cameco in a research note on Wednesday, March 12th. They set a “buy” rating on the stock. Stifel Canada raised shares of Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th. Finally, Desjardins started coverage on shares of Cameco in a research note on Friday, April 4th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $70.03.

Cameco Stock Up 2.3%

Shares of Cameco stock opened at $53.14 on Thursday. The business has a 50-day moving average price of $43.32 and a 200 day moving average price of $48.93. Cameco Co. has a fifty-two week low of $35.00 and a fifty-two week high of $62.55. The firm has a market cap of $23.13 billion, a P/E ratio of 189.79 and a beta of 0.89. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.07). Cameco had a net margin of 5.39% and a return on equity of 4.34%. The firm had revenue of $549.58 million for the quarter, compared to analyst estimates of $890.07 million. During the same period in the prior year, the company posted $0.13 earnings per share. The business’s revenue was up 24.4% on a year-over-year basis. On average, sell-side analysts forecast that Cameco Co. will post 1.27 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.