Trek Financial LLC Acquires 12,702 Shares of Cameco Corporation $CCJ

Trek Financial LLC grew its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 36.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,822 shares of the basic materials company’s stock after acquiring an additional 12,702 shares during the quarter. Trek Financial LLC’s holdings in Cameco were worth $4,375,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CCJ. Nisa Investment Advisors LLC bought a new stake in shares of Cameco in the fourth quarter valued at approximately $25,000. Founders Capital Management bought a new stake in shares of Cameco in the fourth quarter valued at approximately $27,000. Strategic Advocates LLC bought a new stake in shares of Cameco in the third quarter valued at approximately $28,000. Sunbelt Securities Inc. boosted its position in shares of Cameco by 928.6% in the third quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 325 shares during the period. Finally, Delos Wealth Advisors LLC boosted its position in shares of Cameco by 60.0% in the third quarter. Delos Wealth Advisors LLC now owns 400 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 150 shares during the period. 70.21% of the stock is owned by institutional investors.

Cameco Stock Performance

Cameco stock opened at $120.22 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.08 and a quick ratio of 2.09. The stock has a fifty day moving average price of $114.86 and a two-hundred day moving average price of $106.46. Cameco Corporation has a 52-week low of $50.03 and a 52-week high of $135.24. The firm has a market capitalization of $52.36 billion, a P/E ratio of 111.31, a P/E/G ratio of 2.11 and a beta of 1.04.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.05. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The firm had revenue of $607.49 million during the quarter, compared to analyst estimates of $598.63 million. During the same period in the prior year, the company posted $0.16 earnings per share. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, analysts anticipate that Cameco Corporation will post 1.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CCJ shares. Zacks Research cut Cameco from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 18th. William Blair began coverage on Cameco in a research report on Monday, April 20th. They issued an “outperform” rating for the company. Raymond James Financial restated an “outperform” rating on shares of Cameco in a research note on Wednesday, January 14th. Scotiabank restated an “outperform” rating and issued a $175.00 target price on shares of Cameco in a research note on Wednesday, May 6th. Finally, Weiss Ratings lowered Cameco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Cameco has an average rating of “Moderate Buy” and a consensus target price of $153.13.

About Cameco

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long?term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.