Dakota Wealth Management Purchases 1,323 Shares of Cameco Co. (NYSE:CCJ)

Dakota Wealth Management increased its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 4.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 33,288 shares of the basic materials company’s stock after buying an additional 1,323 shares during the period. Dakota Wealth Management’s holdings in Cameco were worth $1,590,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CCJ. Vanguard Group Inc. grew its position in shares of Cameco by 1.3% during the first quarter. Vanguard Group Inc. now owns 15,911,954 shares of the basic materials company’s stock worth $689,306,000 after purchasing an additional 200,871 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Cameco by 2.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,711,154 shares of the basic materials company’s stock valued at $593,967,000 after buying an additional 288,400 shares during the last quarter. Capital World Investors lifted its holdings in shares of Cameco by 1.6% in the first quarter. Capital World Investors now owns 13,708,235 shares of the basic materials company’s stock worth $593,524,000 after buying an additional 215,741 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Cameco by 3.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,514,500 shares of the basic materials company’s stock worth $282,210,000 after acquiring an additional 202,157 shares during the last quarter. Finally, William Blair Investment Management LLC grew its stake in Cameco by 6.8% during the second quarter. William Blair Investment Management LLC now owns 4,160,009 shares of the basic materials company’s stock valued at $204,672,000 after acquiring an additional 265,196 shares in the last quarter. 70.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Cameco Trading Down 0.1 %

Shares of CCJ stock opened at $53.79 on Friday. The company has a market cap of $23.41 billion, a PE ratio of 137.92 and a beta of 0.90. Cameco Co. has a 1 year low of $35.43 and a 1 year high of $58.72. The stock’s 50 day simple moving average is $45.96 and its two-hundred day simple moving average is $47.89. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.22 and a quick ratio of 1.48.

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

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.