Cameco Corporation $CCJ Stock Purchased by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC raised its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 19.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 130,903 shares of the basic materials company’s stock after acquiring an additional 21,370 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in Cameco were worth $10,564,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Skylands Capital LLC purchased a new stake in shares of Cameco in the 3rd quarter valued at approximately $61,000. Carnegie Investment Counsel raised its holdings in shares of Cameco by 12.5% in the 3rd quarter. Carnegie Investment Counsel now owns 3,439 shares of the basic materials company’s stock valued at $298,000 after purchasing an additional 382 shares in the last quarter. Prime Capital Investment Advisors LLC raised its holdings in shares of Cameco by 41.8% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 3,329 shares of the basic materials company’s stock valued at $288,000 after purchasing an additional 981 shares in the last quarter. CWA Asset Management Group LLC lifted its position in shares of Cameco by 0.5% during the 3rd quarter. CWA Asset Management Group LLC now owns 206,814 shares of the basic materials company’s stock worth $17,925,000 after purchasing an additional 987 shares during the last quarter. Finally, Novem Group lifted its position in shares of Cameco by 5.1% during the 3rd quarter. Novem Group now owns 2,854 shares of the basic materials company’s stock worth $247,000 after purchasing an additional 138 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Performance

Shares of Cameco stock opened at $81.99 on Thursday. The firm has a market capitalization of $35.71 billion, a P/E ratio of 138.97, a P/E/G ratio of 1.64 and a beta of 1.17. Cameco Corporation has a 52 week low of $77.70 and a 52 week high of $135.24. The company has a quick ratio of 2.10, a current ratio of 3.06 and a debt-to-equity ratio of 0.14. The firm’s 50 day moving average is $93.06 and its two-hundred day moving average is $100.85.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data 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 company had revenue of $573.06 million for the quarter, compared to analyst estimates of $579.60 million. Cameco had a return on equity of 7.59% and a net margin of 10.20%. The firm’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.71 EPS. Research analysts forecast that Cameco Corporation will post 1.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CCJ. Barclays lowered their target price on shares of Cameco from $97.00 to $95.00 and set an “equal weight” rating for the company in a research note on Monday. Truist Financial raised their price target on Cameco from $129.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Wall Street Zen cut Cameco from a “hold” rating to a “sell” rating in a research note on Saturday, September 19th. Jefferies Financial Group started coverage on Cameco in a report on Thursday, September 3rd. They set a “buy” rating and a $138.00 price target for the company. Finally, Zacks Research cut Cameco from a “hold” rating to a “strong sell” rating in a research report on Monday, October 5th. Twelve analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Cameco presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.52.

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.